Blue economy can help generate up to USD150bn: Ateeq

KARACHI: Pakistan’s blue economy can generate between USD 100 billion to USD 150 billion, if it is being expanded and modernised, said Ateeq ur Rehman, economic and financial analyst.

In a research proposal, he said it is quite encouraging that the determined and firm endeavours on the development of maritime potentials of Pakistan have already started.

He said the government of Pakistan and Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry, are doing a commendable job on maritime beside announcing outstanding work on ports, shipping and logistics. They have announced the plans for three new deep sea ports by formation of a high-level, multi-agency committee to identify sites for new deep-sea ports along Pakistan’s extensive coastline, marking the start of an ambitious century long maritime expansion plan.

It may be noted that this significant milestone follows the submission and acceptance of the research proposal “Dire Need of Mini Sea Ports,” initiated by Ateeq ur Rehman.

He said this honour reflects the importance of the study and the growing national focus on strengthening Pakistan’s maritime infrastructure.

The paper highlighted Pakistan’s urgent requirement to expand its maritime infrastructure through the development of mini and deep sea ports an essential step for enhancing national trade capacity, reducing port congestion, strengthening the blue economy, and positioning Pakistan as a competitive maritime hub in the region.

The commencement of work on different maritime projects specially the new deep sea ports marks a major step forward for the country’s trade, blue economy, and regional connectivity.

Pakistan’s coastline of 1001km is home to many different species of maritime animals, plants and mineral resources.

Copyright Business Recorder, 2025