MoMA Unveils $100 Billion Plan to Boost Pakistan’s Shipping and Fisheries Sectors

Karachi: The Ministry of Maritime Affairs (MoMA) has announced an ambitious plan aimed at capitalizing on Pakistan’s Blue Economy, with substantial support from the Special Investment Facilitation Council (SIFC).

According to Radio Pakistan, the program, named “Maritime @100,” aspires to transform Pakistan into a central hub of the Blue Economy by the year 2047. A significant component of this initiative is a $100 billion roadmap designed to enhance the shipping and fisheries industries.

In the shipping sector, the plan includes commissioning fifteen additional ships for the Pakistan National Shipping Corporation’s fleet over the next three years. Furthermore, this initiative will establish the first green ship repair and recycling yard, “Sea to Steel,” at Port Qasim. An additional modernization effort, valued at $43 million, will focus on upgrading the Gadani Ship Breaking Yard, ensuring its operations continue smoothly and securely.

The National Fisheries Policy 2025-35 is another critical aspect of this strategy, emphasizing advancements in deep-sea fishing, exports, and the implementation of modern facilities. This policy aims to strengthen the national shipping fleet, thereby boosting exports and foreign reserves.

Overall, the comprehensive plan is expected to generate significant investment and create numerous employment opportunities within Pakistan’s maritime industry.