Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday announced the establishment of an aquaculture park in Karachi’s Korangi Fish Harbour to bolster Pakistan’s blue economy.

The government aims to develop the maritime sector and tap the economic potential of the country’s over 1000-kilometre-long coastline. Under the recently launched “Maritime at 100“ Vision, the country aims to grow the sector into a $100 billion economic force by 2047.

Chaudhry announced the establishment of a “state-of-the-art” aquaculture park at the Korangi harbour at an estimated cost of Rs3bn, according to a press release issued by the ministry.

The development came as Chaudhry chaired a high-level meeting on the development of a blue economy. The meeting was attended by Gwadar Port Authority (GPA) Chairman Noorul Haq Baloch, as well as representatives from the Korangi Fisheries Harbour Authority (KoFHA), the Marine Fisheries Department (MFD), and the Balochistan Chamber of Commerce and Industry.

The estimated annual production of a 120-acre........

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