In Karachi, Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry announced on Thursday that the government is implementing reforms and policies to unlock the fisheries sector’s potential and generate $10 billion in revenue, emphasizing improvements to the business climate and logistics connectivity.
Pakistan is leveraging more than 1,000 km of coastline along the Arabian Sea to boost maritime economic activities such as shipping, fishing and marine tourism. In the past year the government introduced several initiatives, including a $10.5 million aquaculture park on 120 acres in Karachi, developed through a public‑private partnership.
The ministry said that Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhary confirmed that work on the National Fisheries and Aquaculture Policy is underway, with the goal of unlocking up to $10 billion in revenue through targeted measures.
During the meeting, Chaudhry reviewed the ministry’s performance and the achievements of its affiliated departments.
He was briefed on a completed project that consolidates multiple government services onto a single platform for the business community, aiming to reduce procedural delays and improve access for investors and maritime enterprises.
The minister highlighted plans for a 100‑acre off‑dock terminal at Gwadar Port that will facilitate trade with Central Asian Republics and enhance regional logistics connectivity.
He added that the terminal is expected to improve cargo handling, strengthen logistics links and expand Gwadar’s role as a gateway to landlocked Central Asian markets.
Officials were also informed about a $3 million Global Environment Facility‑supported initiative to protect marine biodiversity and coastal ecosystems, focusing on conservation and sustainable fishing practices.
The minister reiterated that maritime economic growth must be pursued alongside environmental protection, especially the preservation of marine and coastal ecosystems.