{"id":103831,"date":"2025-11-09T07:00:00","date_gmt":"2025-11-09T02:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=103831"},"modified":"2025-11-05T16:22:33","modified_gmt":"2025-11-05T11:22:33","slug":"paks-blue-economy-can-reach-usd-100-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/paks-blue-economy-can-reach-usd-100-bn.html","title":{"rendered":"Pak\u2019s blue economy can reach USD 100 bn by 2047: Fin Min"},"content":{"rendered":"\n<p>Karachi: Federal Minister for Finance and Revenue Muhammad Aurangzeb has described Pakistan\u2019s blue economy as a \u201cgame changer\u201d for the country\u2019s long-term growth, projecting its potential to reach USD 100 billion by 2047.<\/p>\n\n\n\n<p>Delivering a virtual address on Tuesday at the inaugural session of the Pakistan International Maritime Expo &amp; Conference (PIMEC) 2025 \u2014 jointly organised by the Pakistan Navy and the Ministry of Maritime Affairs at the Expo Centre Karachi \u2014 Aurangzeb reaffirmed the government\u2019s commitment to ensuring policy continuity to realise this goal.<\/p>\n\n\n\n<p>The finance minister noted that Pakistan\u2019s maritime sector currently contributes only 0.4% to 0.5% of the national GDP, amounting to around USD 1 billion, but possesses vast untapped potential. He endorsed the Ministry of Maritime Affairs\u2019 roadmap to expand this to USD 100 billion by 2047 \u2014 the year marking Pakistan\u2019s 100th anniversary \u2014 aligning it with the broader national objective of transforming the economy into a USD 3 trillion one.<\/p>\n\n\n\n<p>\u201cThis is an ambitious but very achievable target,\u201d Aurangzeb said, adding that the government aims to support the maritime sector through structural reforms, investment incentives, and infrastructure development.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pak-egypt-set-sights-on-blue-economy.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak, Egypt set sights on blue economy cooperation<\/a><\/p>\n\n\n\n<p>Citing the World Bank\u2019s definition of the blue economy \u2014 the sustainable use of ocean resources for economic growth, improved livelihoods, and preservation of marine ecosystems \u2014 the finance minister highlighted the sector\u2019s wide-ranging opportunities, including shipping, fisheries, coastal tourism, renewable energy, and port development.<\/p>\n\n\n\n<p>He emphasised that strengthening fisheries and aquaculture through value-added processing, cold-chain logistics, and adherence to international hygiene standards could significantly boost exports. \u201cPakistan\u2019s seafood exports currently stand at around USD 500 million but could feasibly increase to USD 2 billion within the next three to four years under the National Fisheries and Aquaculture Policy,\u201d he said.<\/p>\n\n\n\n<p>The minister credited the Ministry of Maritime Affairs and the Food and Agriculture Organization (FAO) for developing this policy in alignment with global best practices.<\/p>\n\n\n\n<p>Aurangzeb reiterated that the government remains committed to policy stability and continuity to ensure that such long-term initiatives reach full implementation. \u201cConsistency and commitment are key to transforming potential into prosperity,\u201d he added.<\/p>\n\n\n\n<p>The Pakistan International Maritime Expo &amp; Conference aims to promote maritime awareness, attract investment, and foster collaboration across public and private sectors to unlock the country\u2019s blue economy potential.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Federal Minister for Finance and Revenue Muhammad Aurangzeb has described Pakistan\u2019s blue economy as a \u201cgame changer\u201d for the country\u2019s long-term growth, projecting its potential to reach USD 100 billion by 2047. Delivering a virtual address on Tuesday at the inaugural session of the Pakistan International Maritime Expo &amp; Conference (PIMEC) 2025 \u2014 jointly organised by the Pakistan Navy and the Ministry of Maritime Affairs at the Expo Centre Karachi \u2014 Aurangzeb reaffirmed the government\u2019s commitment to ensuring policy continuity to realise this goal. The finance minister noted that Pakistan\u2019s maritime sector currently contributes only 0.4% to 0.5% of the national GDP, amounting to around USD 1 billion, but possesses vast untapped potential. He endorsed the Ministry of Maritime Affairs\u2019 roadmap to expand this to USD 100 billion by 2047 \u2014 the year marking Pakistan\u2019s 100th anniversary \u2014 aligning it with the broader national objective of transforming the economy into a USD 3 trillion one. \u201cThis is an ambitious but very achievable target,\u201d Aurangzeb said, adding that the government aims to support the maritime sector through structural reforms, investment incentives, and infrastructure development. Read: Pak, Egypt set sights on blue economy cooperation Citing the World Bank\u2019s definition of the&hellip;<\/p>\n","protected":false},"author":18,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15153],"tags":[64748,64755,64758,61415,69056,62150,3619,64750,67052,63747,34475,10510,69013,67891,6084,60120],"persona":[],"class_list":{"0":"post-103831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trade","8":"tag-aquaculture","9":"tag-blue-economy","10":"tag-coastal-tourism","11":"tag-economic-reforms","12":"tag-fisheries-exports","13":"tag-gdp-growth","14":"tag-investment-opportunities","15":"tag-maritime-sector","16":"tag-ministry-of-maritime-affairs","17":"tag-muhammad-aurangzeb","18":"tag-pakistan-economy","19":"tag-pakistan-navy","20":"tag-pimec-2025","21":"tag-port-development","22":"tag-renewable-energy","23":"tag-sustainable-development","24":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak\u2019s blue economy can reach USD 100 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Strengthening fisheries and aquaculture through value-added processing, cold-chain logistics, and adherence to international...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/paks-blue-economy-can-reach-usd-100-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak\u2019s blue economy can reach USD 100 bn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Strengthening fisheries and aquaculture through value-added processing, cold-chain logistics, and adherence to international...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/paks-blue-economy-can-reach-usd-100-bn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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