EconomyQuick read

Pakistan plans export-oriented shrimp farming industry to boost seafood exports

Profit by Pakistan Today • • 1 min read

Pakistan plans export-oriented shrimp farming industry to boost seafood exports

Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry wants shrimp farming and aquaculture linked into one connected chain, so that the sector can grow into an export industry and lift Pakistan's foreign exchange earnings. Profit by Pakistan Today reported that he spoke at the opening meeting of the Prime Minister's Subcommittee on Aquaculture and Shrimp Value Chain. He argued that production, quality and competitiveness in overseas markets all need coordinated action.

Seafood shipments abroad touched a high of $568 million in FY2025-26, and $62 million of that figure was shrimp. In the first quarter of the present fiscal year, seafood exports totalled $125.4 million. A big share of those sales still comes from wild-caught marine produce, a situation the minister linked to the case for organised, sustainable shrimp farming. He also called for home-grown production of shrimp feed and seed to cut reliance on imports, and floated tax and duty concessions to draw investment.

He stressed that shrimp farms need cheap, uninterrupted power, and backed competitive electricity tariffs plus more solar and hybrid power setups. Shipping more to major buyers in the United States, China and the European Union, he said, depends on meeting rules covering food safety, biosecurity, cold-chain handling, processing and traceability. He told the subcommittee to shift from proposals to firm decisions with set targets and realistic timelines.

At a glance

  • Seafood exports hit a record $568 million in FY2025-26, with shrimp contributing $62 million.
  • Seafood sales abroad came to $125.4 million in the first quarter of this fiscal year.
  • The minister urged domestic output of shrimp feed and seed to cut import dependence.

Originally reported by Profit by Pakistan Today

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings