Minister Maritime Affairs Qaiser Ahmed Sheikh says blue economy initiatives aim to create job opportunities, enhance food security, and promote economic diversification.
He was chairing a meeting on enhancing measures to increase imports through Gwadar Port in Islamabad today.
The Minister said Pakistan’s geographical location makes it a key player in the regional maritime economy and anticipated to spur additional businesses and attract foreign investments as soon as Gwadar Port evolves into a major trade hub.
It is significant to mention that Gwadar Port’s strategic location provides a direct trade route to Central Asia and the Middle East, reducing transportation costs and transit times.
The operational expansion of Gwadar Port is projected to create numerous job opportunities in the region, fostering local development and enhancing the standard of living for the local populace.
Source: Radio Pakistan