Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry on Saturday announced the establishment of a state-of-the-art Aquaculture Park at Korangi Fish Harbour (KoFHAH), Karachi, at an estimated cost of 3 billion rupees.
\nThe Minister made the announcement while chairing a high-level meeting, on the development of blue economy, attended by Chairman Gwadar Port Authority (GPA) Noorul Haq Baloch, representatives from Korangi Fish Harbour Authority (KoFHAH), the Marine Fisheries Department (MFD), and the Balochistan Chamber of Commerce and Industry, said a press release.
\nThe estimated annual production of a 120-acre aquaculture park ranges from 360 to 1,200 tons, depending on the species cultivated and the farming system employed. Its annual revenue potential is projected to be between $720,000 to $7.2 million, influenced by species selection, market prices, and production intensity.<\/p>\n
The Minister said the project, covering 120 acres, should be developed under a public-private partnership framework, aiming to boost the country\u2019s blue economy through sustainable aquaculture.
\nThe meeting was informe that the land cost for the Aquaculture Park has been set according to an extensive farming model, offering an affordable and efficient foundation for private investors.
\nExperts informed the meeting that Pakistan\u2019s coastal waters possess highly conducive conditions for aquaculture, providing an ideal environment for farming a variety of marine species.
\nTo accelerate the process, the Federal Minister directed the Korangi Fish Harbour Authority to submit a comprehensive execution report within 10 days.
\nEmphasizing replication of success, the Minister proposed extending the aquaculture model to Balochistan, leveraging its vast coastal belt for sustainable marine farming.
\nIn a move aimed at enhancing coordination, the Minister ordered the relocation of Marine Fisheries Department sub office to the premises of the Gwadar Port Authority. This administrative shift is expected to streamline inter-agency collaboration and expedite decision-making in blue economy initiatives.
\nIn a separate meeting, the Federal Minister also reviewed the progress on the land allotment and lease policy of the Port Qasim Authority (PQA). Officials informed him that the Survey of Pakistan has been engaged to identify and demarcate PQA-owned land. Furthermore, it was conveyed that the revision of PQA\u2019s master plan is being aligned with the broader feasibility study for the National Ports Master Plan, currently underway.
\nMinister Junaid Anwar Chaudhry reiterated the government\u2019s commitment to promoting sustainable marine development, asserting that investments in aquaculture and port infrastructure are essential for ensuring food security, increasing exports, and generating employment across coastal regions.
\nThe series of meetings held by Maritime Minister mark a significant step in the government\u2019s broader maritime development strategy, focused on harnessing the full potential of Pakistan\u2019s coastal resources through innovation, institutional cooperation, and private sector engagement.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry on Saturday announced the establishment of a state-of-the-art Aquaculture Park at Korangi Fish Harbour (KoFHAH), Karachi, at an estimated cost of 3 billion rupees. The Minister made the announcement while chairing a high-level meeting, on the development of blue economy, attended by Chairman Gwadar Port Authority […]<\/p>\n","protected":false},"author":2,"featured_media":491268,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-491257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"yoast_head":"\n