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KARACHI: Sindh Minister for Livestock and Fisheries, Muhammad Ali Malkani, has urged members of the Karachi Chamber of Commerce and Industry (KCCI) to invest in the livestock and fisheries sectors by nominating representatives for advisory bodies. This step, according to Malkani, will enable KCCI to play a vital role in policy-making and contribute to future development plans.
During a recent meeting at the Karachi Chamber, Malkani highlighted the significant potential for investment in these sectors, emphasizing the rapid returns they offer. He described livestock as a sector capable of delivering returns within six months, a claim unmatched by other industries. The Minister encouraged KCCI members to consider these sectors, underscoring their importance for economic growth and rural development.
The meeting was attended by several high-profile figures, including Senior Vice President Zia ul Arfeen and Chairman of the Agronomy, Agriculture, Fisheries and Poultry Subcommittee, Nausherwan Haider, among others.
Malkani also called attention to the urgent need for a shift toward sustainable aquaculture practices. He pointed out that ocean fish stocks are depleting and highlighted successful ventures in fish and shrimp farming as models for expansion. He noted that Pakistan’s current marine and aquaculture exports remain below US$500 million annually, suggesting untapped potential that could enhance export capacity with appropriate investments.
The Minister further advised against short-term ventures such as trading in sacrificial animals and instead advocated for long-term investments in meat and shrimp farming. He assured potential investors of the Sindh government’s support and technical assistance, emphasizing the impact such investments could have in boosting exports and alleviating rural poverty.
Zubair Motiwala, Chairman of the Businessmen Group, participated in the meeting via Zoom and supported the call for prioritizing fish farming, citing its employment potential and export benefits. He identified promising locations in Sindh, like Keti Bunder, as ideal for fish and shrimp farming facilities and highlighted the need for government support and financial backing.
Senior Vice President Zia ul Arfeen welcomed the Minister and stressed the untapped potential of Pakistan’s blue economy, noting that despite a vast coastal belt, marine exports are modest compared to regional counterparts. He highlighted the significant role of livestock in Pakistan’s economy, contributing nearly 15 percent to GDP and supporting millions of rural households.
Arfeen also discussed challenges facing the sectors, including unregulated practices, outdated infrastructure, and environmental issues. He recommended investment in modern cold chain systems and processing facilities to enhance export value and meet growing global demand for Halal meat.
The meeting underscored the necessity for strategic investments and governmental support in transforming Sindh’s livestock and fisheries sectors, thus unlocking their full economic potential.