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Home Business

Naval Chief Highlights Pakistan’s Economic Future as Tied to Maritime Security

by Alina Fida
November 26, 2024
in Business, Main, New, News, Pakistan
Reading Time: 2 mins read
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Naval Chief Highlights Pakistan’s Economic Future as Tied to Maritime Security

Naval Chief Highlights Pakistan’s Economic Future as Tied to Maritime Security

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Pakistan’s Chief of Naval Staff, Admiral Naveed Ashraf, underscored the critical importance of maritime security for the nation’s economic growth, stressing the need to address emerging challenges in the Indian Ocean Region. His remarks came on Monday as he announced the Seventh Maritime Security Workshop, set to take place from November 26 to December 5 at the Pakistan Navy War College in Lahore.

Admiral Ashraf highlighted that Pakistan’s economic prospects are “inextricably linked to the sea,” which he described as humanity’s “last reservoir for sustenance.” He called for a secure maritime environment to enable trade and economic growth, emphasizing the need for cooperation, innovation, and vigilance to tackle the unprecedented challenges in the Indian Ocean Region.

These challenges, according to Admiral Ashraf, include rising geopolitical tensions, nuclearization, transnational threats, and the rapid pace of technological advancements.

“The country’s maritime domain holds immense potential to drive socio-economic prosperity through the blue economy,” he said, noting that maritime resources could serve as a cornerstone for national development if adequately harnessed.

The naval chief’s remarks also coincide with Pakistan’s recent strategic offer to provide landlocked Central Asian nations access to its ports, enabling them to conduct trade via sea routes. This initiative reflects Pakistan’s ambition to establish itself as a pivotal hub for regional economic activity.

“Our rich maritime resources offer tremendous opportunities for economic growth,” Admiral Ashraf said, urging stakeholders to work collectively toward a secure and stable maritime environment that benefits both Pakistan and the global community.

He concluded by emphasizing the need to balance policy innovation with practical measures to protect Pakistan’s maritime interests, stating, “Securing our maritime domain is not just a priority but a necessity for sustainable economic progress.”

Tags: latestPakistan

Alina Fida

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