BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)

Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, on Friday said that with consistent investment, strategic policymaking, and improved infrastructure, Gwadar Port has the potential to generate over $850 million annually through value-added fisheries and date exports.

Chairing a high-level meeting on Gwadar Port operationalisation attended by officials from the Ministry of Maritime Affairs and representatives from relevant ministries and organisations, including Gwadar Port Authority, Commerce, Industries, and Communication through Zoom, the minister laid out a comprehensive strategy to boost economic activities in Gwadar, read a statement.

Gwadar Port is a deep-sea port located in Gwadar, a coastal city in Balochistan. It holds strategic and economic significance for being a vital part of the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) project.

During the meeting, Junaid emphasised that fisheries and dates are the key economic drivers of the region. “

Poor connectivity, security issues hinder Gwadar Port usage: PDP

Gwadar has a rich fish catch potential, and we must focus on local value addition to maximise benefits,“ he said.

He pointed out that 34 fish processing units are currently operating in Balochistan, but most require technological upgrades to meet export standards. “Transforming these units to add value through packaging and processing before exporting is critical for uplifting the sector,” he added.

The minister pointed out that Balochistan’s coastline makes up 76.2% of Pakistan’s total coastal length, yet its fish production significantly lags behind its actual potential.

“Balochistan has an estimated annual fish catch potential of around 300,000 tons. With proper value addition, this could generate approximately $645 million each year. However, current production is nearly half of that due to limited fishing capacity, obsolete technology, and regulatory hurdles,” he shared.

Stakeholders told to promote Gwadar trade routes

Turning to dates production, the minister stated that Panjgur and Turbat (Kech) districts together produce over 225,000 tons of dates annually—more than half of Pakistan’s total. “With value addition, the sector can generate up to $200–$205 million in revenue each year,” he said.

To support business and connectivity in the region, the minister announced steps to improve air travel. Pakistan International Airlines (PIA) will increase its weekly flights to Gwadar from one to three, he said.

“Two weekly flights between Gwadar and Karachi and one between Gwadar and Islamabad are under consideration.”

Furthermore, the possibility of introducing a chartered flight mechanism to facilitate travel for businesspersons and investors is also under consideration, the minister added.

Comments

Comments are closed for this article.