Need stressed to tap full potential of maritime sector

Business Recorder reported remarks from economic and financial analyst Ateeq ur Rehman, who called the push to develop Pakistan's maritime potential a welcome step. He estimated that the blue economy could generate between USD 100 billion and USD 150 billion if it is expanded and modernised. He argued that the sector deserves the same priority as agriculture, mining, information technology, manufacturing and exports.

Seabed minerals are gaining importance for renewable energy, electric mobility and batteries. According to the analyst, Pakistan's offshore mineral potential is still being assessed, although the country has about 240,000 sq km of exclusive economic zone and a further 50,000 sq km of extended continental shelf. The Indus Delta, the Makran offshore region and the northern Arabian Sea are seen as promising research areas, and he called for more investment in seabed mapping and geological surveys.

He also noted that China leads seabed mineral exploration, while Japan, South Korea and the United States are expanding their efforts, and that commercial deep seabed mining remains at an early stage globally. Fish and seafood exports hit a record of about USD 568 million in fiscal 2025-26, and the sector employs more than one million people directly. He said a clear national strategy could draw investment, reduce reliance on imported minerals and open export opportunities while protecting marine ecosystems.