Pakistan launches new fisheries policy, eyeing $10 billion from sector

Pakistan launches new fisheries policy, eyeing $10 billion from sector
Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry speaking at a workshop in Islamabad, Pakistan on July 9, 2025. (Government of Pakistan)
Updated 09 July 2025
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Pakistan launches new fisheries policy, eyeing $10 billion from sector

Pakistan launches new fisheries policy, eyeing $10 billion from sector
  • Despite Pakistan having over 1,050 kilometers of coastline, its untapped fisheries sector contributes only 0.5 percent to GDP
  • Ten-year policy focuses on climate resilience, gender inclusion, modern technologies, says maritime affairs ministry

KARACHI: Pakistan’s government launched its 10-year national fisheries and aquaculture policy on Wednesday, with a senior official saying that better management and value addition could help the fisheries sector generate up to $10 billion in value.

Pakistan has the potential to become a major player in the global fisheries markets with over 1,050 kilometers of coastline along the Arabian Sea and vast inland water resources. However, its fisheries sector remains largely undertapped due to poor regulations and issues such as overfishing, contributing only 0.5 percent to the country’s GDP. 

Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry launched the 10-year National Fisheries and Aquaculture Policy 2025–2035 at a workshop in Islamabad.

“With better management and value addition, the [fisheries] sector could generate up to $10 billion in value,” Maritime Affairs Minister Secretary Zaffar Ali Shah said at the workshop.

Shah said despite Pakistan’s long coastline, the fisheries sector has failed to achieve its potential, saying that while it remains a vital source of livelihood, it faces serious issues like overfishing and poor regulation.

“He noted that the newly introduced national policy aims to resolve these challenges through coordinated planning,” the maritime affairs ministry said. 

Chaudhry said the policy focuses on cross-cutting priorities such as climate resilience, environmental protection, child safety, gender inclusion, labor rights and the adoption of modern technologies. 

The minister said that the policy’s success depended on sustained commitment, effective coordination and active engagement from all stakeholders.

“He said this policy represents a major milestone for not just the ministry but for all institutions, communities and stakeholders committed to the future of Pakistan’s blue economy,” the maritime affairs ministry said.

The workshop, organized by the maritime affairs ministry, also featured several panel discussions, including sessions on governance and incentives for the fisheries and aquaculture sectors, strategies for the development and management of aquaculture in Pakistan, and the implementation framework and cross-cutting themes of the national policy.

Pakistan reported an increase of over 20 percent in its seafood exports during the last fiscal year, reiterating its commitment to bolster its blue economy. The South Asian country hopes to achieve sustainable economic growth driven largely by exports. 


Punjab agrees to partner with Global Green Growth Institute to develop carbon-credit projects

Punjab agrees to partner with Global Green Growth Institute to develop carbon-credit projects
Updated 8 sec ago
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Punjab agrees to partner with Global Green Growth Institute to develop carbon-credit projects

Punjab agrees to partner with Global Green Growth Institute to develop carbon-credit projects
  • Province’s chief minister discusses partnership with the top GGGI official on the sidelines of COP30
  • Development comes as Punjab reels from its worst monsoon floods this year, a persistent smog crisis

ISLAMABAD: Punjab Chief Minister Maryam Nawaz Sharif agreed on Thursday to partner with the Global Green Growth Institute (GGGI) to develop carbon-credit projects and expand access to climate financing, during a meeting with the institute’s leadership on the sidelines of the COP30 summit in Brazil.

An independent intergovernmental organization, GGGI was launched in Rio de Janeiro during a United Nations conference on sustainable development in 2012 and works with developing countries to design climate-finance projects and operationalize carbon-market instruments.

The collaboration comes as Punjab faces intensifying climate stresses, including its worst monsoon floods this year and a prolonged smog crisis that has forced school closures in recent years and caused respiratory diseases.

“GGGI will help strengthen Pakistan’s capacity in global carbon markets and carbon financing and assist the country in gaining access to carbon markets worldwide,” the Punjab administration said in a statement circulated after the chief minister’s meeting with the organization’s director general, Sang-Hyup Kim.

It said that GGGI offered to convert the present administration’s climate-improvement initiatives into carbon credits to develop green-growth projects.

“GGGI will also support Punjab in establishing carbon-credit programs at the provincial level,” it added.

Global carbon markets allow countries and companies to trade carbon credits, which are like certificates earned by projects that cut or remove emissions.

The sellers are usually developing countries or organizations running activities like reforestation, clean energy or pollution-control projects. The buyers are countries or companies that still produce emissions and need a way to meet their climate targets.

They purchase these credits to balance out the pollution they cannot eliminate. The system works because the atmosphere is shared, with a ton of emissions reduced in Pakistan having the same effect on the climate as a ton reduced in Europe or the United States.

The statement said the chief minister told the GGGI official that Punjab plans to move forward on green-financing proposals tied to air-quality mitigation, water and sanitation, reforestation and e-mobility, saying these areas would form the backbone of the province’s climate-resilience strategy.

It added that the GGGI director general appreciated the Punjab administration’s commitment to environmental improvement, hoping that the partnership would help advance sustainable development goals.

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