Pakistan’s Special Investment Facilitation Council Prioritizes Blue Economy for Growth

Islamabad: In an ambitious move to boost economic development, the Special Investment Facilitation Council (SIFC) is emphasizing the blue economy as a cornerstone of Pakistan’s future growth strategy. This focus is intended to enhance sustainable use of marine resources, aiming to increase Pakistan’s global share in this sector and modernize its fisheries.

According to Ministry of Information and Broadcasting, Pakistan’s engagement with the blue economy currently contributes a mere 0.25 percent to the global market, marking one of the lowest rates of export within this sector. To address these challenges, the SIFC is advocating for significant upgrades in technology and equipment within the fisheries sector, aligning with international standards and practices. Furthermore, Pakistan has initiated a partnership with the Maritime Anti-Corruption Network based in Denmark, aiming to enhance transparency and reduce corruption within the maritime sector.

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