Finance Minister Muhammad Aurangzeb has described Pakistan’s blue economy as a “game changer” for future economic growth, projecting its potential to reach $100 billion by 2047. Speaking at the Pakistan International Maritime Expo & Conference (PIMEC) in Karachi, he highlighted the need to modernize port operations in Karachi, Port Qasim, and Gwadar to align with global standards and enhance regional connectivity.
Aurangzeb emphasized that the maritime sector currently contributes just 0.4–0.5% to GDP, around $1 billion, but holds immense potential for expansion. He underscored the importance of advancing fisheries and aquaculture through value-added processing, improved cold-chain logistics, and compliance with international hygiene standards. Under the National Fisheries and Aquaculture Policy—developed in partnership with the Food and Agriculture Organization (FAO)—Pakistan’s seafood exports could rise from $500 million to $2 billion within four years.
He also discussed renewable energy prospects such as tidal and offshore wind power, and proposed exploring innovative financing tools like blue bonds to support sustainable growth. Reaffirming the government’s commitment to policy consistency and macroeconomic stability, Aurangzeb noted that Pakistan’s economic indicators—foreign reserves, inflation, and international credit ratings—are improving.
The minister concluded by calling for stronger trade and investment partnerships with China, the United States, and Gulf countries to drive Pakistan’s long-term maritime and economic transformation.
