• AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees
Friday, April 17, 2026
  • Login
No Result
View All Result
Economy.pk
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates
No Result
View All Result
Economy.pk
No Result
View All Result

Pakistan Maritime Sector Achieves $360 Million Profit in 2025

by Web Desk
January 24, 2026
in Economy
0
Pakistan Maritime Sector Achieves $360 Million Profit in 2025
46
SHARES
4.6k
VIEWS
Share on FacebookX

Pakistan’s maritime sector achieved a significant milestone in 2025 by generating a profit of Rs100 billion (approximately $360 million), according to Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry. This success reflects a year of extensive reforms and development initiatives across the sector.

Transformative Reforms and Policy Advances

The minister characterized 2025 as a transformative year, with over two dozen initiatives implemented involving legislation, digitisation, infrastructure upgrades, and human resource management. These efforts aim to modernize ports, shipping, and fisheries to fully harness the potential of Pakistan’s blue economy.

Pakistan aligned its regulatory framework with international standards, including conventions from the International Maritime Organization and the Hong Kong Convention on ship recycling. Central to these reforms was the finalization of the National Maritime Policy, which integrates shipping, ports, fisheries, and maritime security under a unified framework to promote sustainable growth.

Additionally, the government approved a National Shipping Policy focused on expanding the Pakistan-flagged fleet, reducing dependence on foreign carriers, and conserving foreign exchange.

Fisheries and Export Targets

Stakeholder consultations concluded on the National Fisheries and Aquaculture Policy, which targets annual seafood exports of $2 billion and aims to create approximately two million jobs in coastal communities and related industries.

Port Operations and Efficiency Improvements

Operational performance at major ports improved significantly. Karachi Port handled a record 54 million tonnes of cargo, while average vessel dwell time was reduced by 24 to 36 hours through enhanced coordination among port authorities, customs, and other agencies. This resulted in an average vessel turnaround time of five days, aligning with regional benchmarks.

Cost-saving measures also contributed to financial efficiency. For example, reduced overtime at Karachi Port Trust saved about Rs70 million monthly, and eliminating 2,152 redundant positions across maritime entities cut human resource expenses by billions of rupees.

Land Recovery and Infrastructure Development

Efforts to reclaim encroached land were successful, with Karachi Port Trust and Port Qasim Authority recovering 150 acres valued at approximately Rs110 billion, alongside an additional eight acres reclaimed by Port Qasim. The introduction of bunkering facilities at both ports is expected to save foreign exchange and attract transshipment traffic.

Pakistan also launched its first passenger and cargo ferry service to enhance coastal connectivity and offer affordable transport options. At Gwadar’s deep-sea port, 72 acres of free-zone land were allocated to operators, and bids were invited for a 100-acre off-dock terminal to boost transit trade from Central Asia and beyond.

Industrial and Digital Initiatives

The “Sea to Steel” project was announced as an ambitious plan to establish a green maritime-industrial corridor. This initiative integrates ship recycling at Port Qasim with domestic steel production to reduce imports, stimulate the economy, and create a self-sustaining maritime hub. It also aims to revive Pakistan Steel Mills through ship dismantling and recycled steel manufacturing.

Digitisation formed a key part of the reform agenda. The ministry achieved a full transition to paperless governance via a 100 percent e-office rollout, integrated the Pakistan Single Window with the Port Community System to simplify trade procedures, and introduced an electronic public asset disposal system to improve transparency and efficiency.

Education, Social Development, and Business Environment

Reforms extended to maritime education and social welfare, including steps to grant degree-awarding status to the Pakistan Marine Academy. A new advisory body was established to regulate deep-sea fishing licenses, and an endowment fund was created to support children from coastal communities.

The government also enhanced the ease of doing business by offering tax incentives, fostering public-private partnerships, and improving trade routes under the China-Pakistan Economic Corridor.

Outlook

Minister Chaudhry emphasized that sustained implementation of these reforms is essential to maintain momentum. The achievements of 2025 provide a strong foundation for leveraging Pakistan’s extensive coastline and strategic location to secure long-term advantages in the blue economy.

Tags: Blue economyDigitisationEconomic GrowthfisheriesMaritime PolicyMaritime SecurityPakistan MaritimePakistan PortsPort DevelopmentShipping IndustrySustainabilityTrade Facilitation
Web Desk

Web Desk

Related Posts

Saudi Arabia pledges $3bn fresh deposit, extends $5bn facility through 2028

Saudi Arabia pledges $3bn fresh deposit, extends $5bn facility through 2028

by Web Desk
April 15, 2026
0

WASHINGTON: Saudi Arabia has pledged an additional $3 billion in deposits for Pakistan and extended its existing $5 billion facility...

Aurangzeb says ‘all options on table’ to replace UAE’s $3.5bn loan, weighs strategic fuel reserve

Aurangzeb says ‘all options on table’ to replace UAE’s $3.5bn loan, weighs strategic fuel reserve

by Web Desk
April 14, 2026
0

Pakistan is exploring multiple financing options, including Eurobonds, loans from friendly countries, and commercial borrowing, to replace a $3.5 billion...

Fitch affirms Pakistan’s credit rating at ‘B-’

Fitch affirms Pakistan’s credit rating at ‘B-’

by Web Desk
April 13, 2026
0

ISLAMABAD: Fitch Ratings has affirmed Pakistan’s long-term foreign currency Issuer Default Rating (IDR) at ‘B-’ with a stable outlook, citing...

Pak-Turkiye relations rapidly moving towards economic partnership: PM

Pak-Turkiye relations rapidly moving towards economic partnership: PM

by Web Desk
April 7, 2026
0

Prime Minister Muhammad Shehbaz Sharif has said the centuries-old brotherly relations between Pakistan and Turkiye are rapidly moving towards a...

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

Pakistan to repay $4.8bn in external obligations, UAE payments part of plan: sources

by Web Desk
April 6, 2026
0

Islamabad: Pakistan has finalized arrangements to repay $4.8 billion in external obligations by the end of June 2026, with $3.5...

Govt committed to facilitating global investors, especially in IT sector: PM

Govt committed to facilitating global investors, especially in IT sector: PM

by Web Desk
April 1, 2026
0

Prime Minister Shehbaz Sharif has reiterated the government’s commitment to facilitating international investors, particularly in the Information Technology sector, as...

Next Post
Imaan Mazari and Husband Hadi Chattha Sentenced to 17 Years Over Controversial Tweets

Imaan Mazari and Husband Hadi Chattha Sentenced to 17 Years Over Controversial Tweets

Ads

  • AED to PKR – Convert UAE Dirhams to Pakistani Rupees
  • CAD to PKR – Convert Canadian Dollars to Pakistani Rupees
  • Economy.pk
  • GBP to PKR – Convert British Pounds to Pakistani Rupees
  • SAR to PKR – Convert Saudi Riyals to Pakistani Rupees
  • USD to PKR – Convert US Dollars to Pakistani Rupees

© 2026 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Economy
  • Technology
  • Sports
  • Education
  • Health
  • Politics
  • World
  • Gold Rates

© 2026 All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.