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Maritime experts urge Pakistan to expand its blue economy to $100 billion

Special Maritime experts urge Pakistan to expand its blue economy to $100 billion
Shipping containers are seen stacked on a ship at a sea port in Karachi on April 6, 2023. (AFP/File)
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Updated 12 September 2024

Maritime experts urge Pakistan to expand its blue economy to $100 billion

Maritime experts urge Pakistan to expand its blue economy to $100 billion
  • Pakistan held an international maritime conference which was attended by the International Maritime Organization chief on Thursday
  • PM Shehbaz Sharif told the IMO chief that his government prioritized blue economy as ‘central pillar’ of economic development strategy

ISLAMABAD: Maritime experts on Thursday urged the Pakistani government to expand its blue economy to $100 billion as the country hosted an international maritime exhibition in Islamabad.
The International Maritime Sustainability Exhibition and Conference (IMSEC) was attended by International Maritime Organization (IMO) Secretary-General Arsenio Antonio Dominguez Velasco and several other maritime experts.
This is the first-ever visit to Pakistan by the chief of the IMO, a specialized agency of the United Nations responsible for regulating shipping and ensuring maritime safety, environmental protection and security on international waters.
During the maritime conference, panelists suggested the Pakistani government to work on increasing its share in the global blue economy, which means sustainable use of ocean resources to benefit people, livelihoods and ocean ecosystem health.
“Blue economy is a responsibility in which we do a business in maritime domain which is safe and secure as far as the environment is concerned, its ecosystem is preserved as well as it is centered around the people that was the message which was given by the secretary general of IMO as well,” Vice Admiral (retired) Ahmed Saeed, president of Pakistan’s National Institute of Maritime Affairs, told Arab News.
“So, today’s conference was actually centered around giving the details of the potential of Pakistan’s maritime economy. It is around $100 billion so at the moment our contribution into our national economy is less than 1 percent whereas it should be close to 6-10 percent.”
Professor Dr. Sajid Mahmood Shahzad, vice chancellor of MinHajj University in Lahore, said Pakistan should focus on the country’s maritime potential to fix the country’s fragile economy.
“We are always talking of fragile economy of Pakistan, if you really would like to ask me, answer to all those fragile economy of Pakistan is blue economy. We need to put up a lot of efforts to achieve, to gain whatever we have out at sea,” he told Arab News.
“The potential we have that is enormous, but being a maritime nation how to accrue those benefits from the sea, we are ignorant. I think now the time has come we should focus on our blue economy,” he said.




Participants attend International Maritime Sustainability Exhibition and Conference (IMSEC) in Islamabad, Pakistan on September 12, 2024. (AN photo)

Fisheries and maritime trade
In his meeting with the IMO chief, Prime Minister Shehbaz Sharif vowed to expand the country’s fisheries and maritime trade, and explore offshore resources, according to Sharif’s office.
Established in 1948, the IMO’s primary role is to develop and maintain a comprehensive regulatory framework for shipping, which includes standards for safety, pollution prevention and legal matters surrounding global maritime operations.
The prime minister “underlined Pakistan’s desire for expanding fisheries and maritime trade, exploring offshore resources, promoting coastal tourism, and fostering a sustainable shipbreaking industry,” Sharif’s office said, after his meeting with the IMO chief.
It said the premier prioritized blue economy as a “central pillar” of his economic development strategy and highlighted the role of Pakistan’s Special Investment Facilitation Council (SIFC), a civil-military body set up in June last year, in attracting investments and introducing modern technologies to advance fisheries and the shipbreaking sector.
“PM Sharif renewed Pakistan’s firm commitment to work with the international partners and the IMO to contribute to global efforts aimed at reducing maritime emissions,” the statement from Sharif’s office said.
“Secretary-General Velasco appreciated the prime minister’s leadership and Pakistan’s proactive approach toward leveraging its maritime resources for economic progress and its role in the global maritime community.”




International Maritime Organization (IMO) Secretary-General Arsenio Antonio Dominguez Velasco speaks during International Maritime Sustainability Exhibition and Conference (IMSEC) in Islamabad, Pakistan on September 12, 2024. (PID)

He assured continued support to Pakistan from the IMO in furthering maritime collaboration for sustainable development.
Maritime decarbonization, environment-friendly ship-recycling
Earlier at the conference, the Pakistani government pledged to reduce greenhouse gas (GHG) emissions from the global maritime sector, make greater use of green technology to improve ships’ energy efficiency and carry out more environment-friendly ship recycling.
“Pakistan fully complies with IMO regulation,” Maritime Affairs Minister Qaiser Ahmed Sheikh said at the opening session of the conference. “We are striving to reduce the global [carbon] footprint and make greater use of green technology. Such measures must be taken in every institution to deal with climate change.”
The minister said Pakistan was invested in ensuring the protection of biodiversity and the oceans and would work to make ship recycling “safe and environmentally friendly.”
“We are ready to work with global organizations to promote ship-making, ship-recycling and the blue economy,” Sheikh added.
Addressing the conference, IMO chief Velasco said his visit to Pakistan would give him the opportunity to “come back in the future and assess and evaluate all the promises and the conversations and the challenges that we are going to put toward each other, from Pakistan government as well as from IMO in order to work better in the different aspects of shipping.”

He said he looked forward to working with Pakistan on decarbonization and ship recycling, where Pakistan is one of the leading nations in the world.


Pakistan pacer Usman Shinwari calls time on international career

Pakistan pacer Usman Shinwari calls time on international career
Updated 17 sec ago

Pakistan pacer Usman Shinwari calls time on international career

Pakistan pacer Usman Shinwari calls time on international career
  • Shinwari represented Pakistan in a one-off Test, 17 ODIs and 16 T20Is from Dec. 2013 to Dec. 2019
  • The left-arm pacer picked up a solitary Test scalp, while he accounted for 34 ODI and 13 T20I wickets

ISLAMABAD: Fast bowler Usman Shinwari on Tuesday dropped curtains on his international cricket career, having represented Pakistan in a one-off Test, 17 ODIs and 16 T20Is.

Shinwari became Pakistan’s T20I cap 58, ODI cap 216 and Test cap 240 against Sri Lanka in December 2013, October 2017 and December 2019, according to the Pakistan Cricket Board (PCB).

He was also part of the Pakistan squad in the 2018 one-day Asia Cup. The 31-year-old left-arm pacer picked up a solitary Test scalp, while he accounted for 34 ODI and 13 T20I wickets.

“His best bowling performances include two ODI five-wicket hauls against Sri Lanka — 5-34 in 2017 at the Sharjah Cricket Stadium and 5-51 in 2019 at the National Bank Stadium, Karachi,” the PCB said.

Shinwari’s retirement comes days after Pakistan batter Asif Ali announced quitting international cricket after 79 white-ball matches, in a career often criticized for being too carefree.

Ali, 33, represented Pakistan in 58 Twenty20s and 21 one-day internationals.

His T20 highlight was 25 off seven balls during a win over Afghanistan at the 2021 T20 World Cup in the United Arab Emirates. Ali’s last international was at the 2023 Asia Games.


Pakistan says Iranian among 14 held in Balochistan over illegal border crossings

Pakistan says Iranian among 14 held in Balochistan over illegal border crossings
Updated 44 min 57 sec ago

Pakistan says Iranian among 14 held in Balochistan over illegal border crossings

Pakistan says Iranian among 14 held in Balochistan over illegal border crossings
  • Suspects from Punjab and Sindh detained in Jiwani for trying to travel illegally to Iran and beyond
  • FIA says it has registered cases as Pakistan expands crackdown on human smuggling networks

KARACHI: Pakistan’s Federal Investigation Agency (FIA) said on Tuesday it had arrested 14 people, including an Iranian citizen, during raids near the southwestern coastal town of Jiwani for attempting to cross the border illegally.

The arrests follow a series of recent FIA operations aimed at curbing human smuggling. On Saturday, the agency said it had detained 84 people in two separate operations while they were trying to cross into Iran by sea.

The government has tightened overland travel restrictions to Iran this year amid security concerns in Balochistan, where the volatile border province abuts Iran’s Sistan-Baluchistan region.

“FIA Composite Circle Gwadar undertook raids, arresting 14 suspects in all,” the agency said in an official statement. “Among those arrested, three were from Gujranwala, three from Mandi Bahauddin, four from Sanghar and three from Sheikhupura. Nine of the suspects had attempted to illegally travel to Iran by sea.”

“Another five people involved in illegally entering Pakistan were also taken into custody,” it added. “The group of illegal entrants included an Iranian citizen.”

The arrests come amid a broader government push against human smuggling, which has led to a series of deadly boat tragedies over the past two years. These included shipwrecks off Greece in mid-2023, a December 2024 disaster near

Greece’s coast, a January 2025 sinking off Morocco and two separate capsizings off Libya in early and mid-2025.

On the Iranian side, authorities have also ramped up action against undocumented people, fueled in part by security concerns tied to their military conflict with Israel. Tehran has cited espionage risks and militant infiltration, particularly in the restive Sistan-Baluchistan province.

FIA said all suspects trying to leave Pakistan were planning to travel onward from Iran to other countries illegally.

It added that cases had been registered against those arrested, and more detailed investigations were now underway.

 


No need to temper aggression, captains say before India-Pakistan clash

No need to temper aggression, captains say before India-Pakistan clash
Updated 57 sec ago

No need to temper aggression, captains say before India-Pakistan clash

No need to temper aggression, captains say before India-Pakistan clash
  • Sept. 14 game will be first cricket match between the sides since four days of military conflict in May this year
  • Reigning 20-overs world champions India are favorites to retain title, Pakistan are on high having beaten Afghanistan

DUBAI: India captain Suryakumar Yadav and his Pakistan counterpart Salman Agha will not tell their teammates to temper aggression when the arch-rivals clash in a geopolitically-charged Asia Cup contest in Dubai on Sunday.

It will be the first cricket match between the sides since four days of military conflict between the nuclear-armed neighbors in May this year.

While players from both sides have shared cordial relations over the years despite geopolitical realities, both the captains were asked if they would instruct their players to dial down their aggression considering the larger context.

“Aggression (is) always there when we take the field,” a relaxed-looking Suryakumar said at the captains’ pre-tournament media interaction on Tuesday.

“Without (some degree of) aggression, I don’t think you can play the sport. I’m really excited to take the field.”

(L-R) Oman's captain Jatinder Singh, Hong Kong captain Yasim Murtaza, Pakistan captain Salman Agha, Afghanistan captain Rashid Khan, India's captain Surya Kumar Yadhav, Sri Lanka captain Charith Asalanka, Bangladesh captain Litton Das and UAE captain Muhammad Waseem, along with Asian Cricket Council (ACC) president Mohsin Naqvi attend a press conference of the DP World Asia Cup 2025, at Dubai International Cricket Stadium on September 9, 2025. (AFP)

Opposite number Salman also found it unnecessary to try and curb a player’s natural aggression as long as it did not spill over the game’s confines.

“You don’t need to say anything to any player because every individual is different,” said Salman.

“If someone wants to be aggressive in the field, they are more than welcome to do that.

“When it comes to fast bowlers, they are always aggressive and you can’t stop them because that’s what keeps them going.

“So from my side, there is no instruction to anyone as long as it stays in the ground.”

While reigning 20-overs world champions India are the firm favorites to retain their title, Pakistan are on a high having beaten Afghanistan in the final of a tri-series, also involving hosts United Arab Emirates, on Sunday.

India have not played T20 Internationals since the home series against England in February but Suryakumar would not call his team undercooked.

“Well, if your preparations are great then you are certainly confident when you take the field,” he said.

“Yes, we are playing after quite a while but we came here three-four days back and we had a good time as a team together. Really looking forward to this tournament.” 


UAE investors explore hotel, real estate and tourism projects in Pakistan’s capital 

UAE investors explore hotel, real estate and tourism projects in Pakistan’s capital 
Updated 09 September 2025

UAE investors explore hotel, real estate and tourism projects in Pakistan’s capital 

UAE investors explore hotel, real estate and tourism projects in Pakistan’s capital 
  • Islamabad’s Capital Development Authority assures investors it is taking measures to provide incentives to investors
  • Development takes place as Pakistan eyes foreign investment in priority sectors to revive its economic prospects

ISLAMABAD: A delegation of investors from the UAE explored investment opportunities in real estate, tourism and hotels and hospitality industry in Islamabad, the Capital Development Authority (CDA) said in a statement this week. 

The press release followed a meeting between CDA officials, including its chairman and Islamabad Chief Commissioner Muhammad Ali Randhawa, and a delegation of UAE investors at the authority’s headquarters. Both sides discussed potential investment opportunities and projects in Islamabad, the CDA said. 

“The UAE investors were briefed on various sectors and projects, including the hotel and hospitality industry, commercial projects, real estate and tourism,” the CDA said on Monday. “The briefing highlighted that the city of Islamabad offers excellent investment opportunities in the hotel industry, real estate sector and tourism.”

The CDA officials informed the UAE delegation that the authority had developed “robust” financial and operational models to secure investors’ capital in Islamabad’s commercial projects. They said feasibility studies for tourism projects, such as a theme park and a cable car project, have been completed.

Randhawa said the CDA is taking comprehensive measures to provide maximum incentives and facilities for investors. He highlighted that renowned consultancy firms and consultants have already conducted feasibility studies to make these investment projects viable.

The UAE investors expressed deep interest in various investment opportunities in Islamabad, the CDA said.

“The purpose of the meeting was to promote foreign investment in Islamabad and implement international standard projects for the development of the city,” the statement said. 

The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the Gulf country’s foreign ministry.


High-level Acumen delegation to visit Pakistan next month amid improving outlook

High-level Acumen delegation to visit Pakistan next month amid improving outlook
Updated 09 September 2025

High-level Acumen delegation to visit Pakistan next month amid improving outlook

High-level Acumen delegation to visit Pakistan next month amid improving outlook
  • Acumen says board members, global investors to meet stakeholders in Islamabad, Lahore, Karachi
  • Visit comes as Pakistan tries to pitch the country as a destination for green and impact capital

KARACHI: A high-level Acumen delegation of board members and global investors will visit Pakistan next month to meet government officials and private stakeholders, the finance ministry said on Tuesday, in a move seen as a sign of renewed foreign interest in the South Asian nation’s economy.

Pakistan is seeking to restore investor confidence after a $7 billion International Monetary Fund (IMF) bailout approved last September stabilized the rupee, eased fears of default and improved foreign reserves. 

Officials have since been pitching the country as a destination for green and impact capital, hoping visits by international investors and new deals signed can showcase the shift.

“A high-level Acumen delegation of Acumen Board members and global investors will be visiting Pakistan next month to engage with key stakeholders in Islamabad, Lahore, and Karachi, in light of the country’s improving macroeconomic indicators and forward-looking trajectory,” the finance ministry statement said. 

Finance Minister Muhammad Aurangzeb, who met Acumen Pakistan’s leadership this week, including CEO Dr. Ayesha Khan, welcomed the planned visit and assured government support for investment initiatives aligned with the country’s development agenda.

Acumen also briefed the minister on the progress of its $90 million Agriculture Resilience Fund, a blended finance facility designed to channel capital into climate adaptation projects in farming. The fund is focused on strengthening food security, promoting climate-smart farming and supporting rural livelihoods.

Pakistan, among the world’s most climate-vulnerable countries, has seen its agriculture-dependent economy repeatedly battered by floods, droughts and erratic rainfall. The 2022 super floods submerged a third of the country, devastated crops and livestock, and highlighted the need for long-term adaptation financing.

The agriculture sector makes up nearly 20 percent of GDP and employs about 40 percent of Pakistan’s workforce, underscoring the stakes for policymakers seeking both economic stability and climate resilience.