• Download the Constitution of Pakistan
  • Advertise
Wednesday, January 28, 2026
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Economy

Pakistan Maritime Sector Achieves $360 Million Profit in 2025

by Hassan Mustafa Bajwa
24/01/2026
in Economy
Reading Time: 3 mins read
0
Pakistan Maritime Sector Achieves $360 Million Profit in 2025
Share on FacebookShare on TwitterLinkedinWhatsapp

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

Hassan Mustafa Bajwa

Related Posts

SBP maintains policy rate at 10.5pc

SBP Holds Policy Rate Steady at 10.5% Amid Mixed Economic Signals

by Hassan Mustafa Bajwa
26/01/2026
0

The State Bank of Pakistan (SBP) has decided to maintain its key policy rate at 10.5% following the latest Monetary...

IMF Chief Praises PM Shehbaz for Advancing Pakistan’s Economic Reforms

IMF Chief Praises PM Shehbaz for Advancing Pakistan’s Economic Reforms

by Hassan Mustafa Bajwa
24/01/2026
0

At the World Economic Forum in Davos, IMF Managing Director Kristalina Georgieva expressed strong admiration for the economic reforms led...

Pakistan and Saudi Arabia Enhance Economic and Bilateral Relations at Davos

Pakistan and Saudi Arabia Enhance Economic and Bilateral Relations at Davos

by Hassan Mustafa Bajwa
23/01/2026
0

At the World Economic Forum (WEF) in Davos, Pakistan’s Finance Minister Muhammad Aurangzeb and Saudi Arabia’s Investment Minister Khalid Al-Falih...

Pakistan and Canada Strengthen Ties as Reko Diq Mine Project Progresses

Pakistan and Canada Strengthen Ties as Reko Diq Mine Project Progresses

by Hassan Mustafa Bajwa
23/01/2026
0

Pakistan and Canada are enhancing their cooperation in the minerals and energy sectors as Pakistan moves forward with the development...

Finance Minister Aurangzeb Highlights Role of Exports and Debt Management in Economic Growth at Davos

Finance Minister Aurangzeb Highlights Role of Exports and Debt Management in Economic Growth at Davos

by Hassan Mustafa Bajwa
23/01/2026
0

During a high-level panel at the World Economic Forum in Davos, Pakistan's Finance Minister Senator Muhammad Aurangzeb outlined key strategies...

Pak-China Agri-Investment Conference Sees $4.5 Billion in MoUs Signed

Pak-China Agri-Investment Conference Sees $4.5 Billion in MoUs Signed

by Hassan Mustafa Bajwa
21/01/2026
0

The Pakistan-China Agri-Investment Conference recently concluded with the signing of 79 memoranda of understanding (MoUs) valued at $4.5 billion, marking...

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

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

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
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters