Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry constituted a four-member committee to finalise a performance-based fish export incentive scheme aimed at increasing seafood exports without altering the existing tax regime.
\nChairing a meeting, the minister said the proposed scheme would reward incremental export growth while retaining the current tax structure, improving the competitiveness of seafood industry and attracting investment.
\n\u201cThis is the right time to attract businesses towards Pakistan\u2019s fisheries sector,\u201d he said, adding that better incentives and closer engagement with exporters would help increase seafood exports and the sector\u2019s contribution to the national economy.
\nThe committee, headed by Fisheries Development Commissioner Dr Muhammad Hafeez-ur-Rehman, includes Korangi Fish Harbour Authority Director General Dr Shahid, Marine Fisheries Department Director General Dr Mansoor Wasan and Assistant Commissioner Fisheries Muhammad Farhan Khan.
\nThe panel has been asked to review the proposed incentive mechanism and submit its recommendations to the minister within a week. It will also prepare proposals for national awards to recognise outstanding fish exporters and consult industry stakeholders before finalising the framework.
\nDuring the meeting, Marine Fisheries Department Director General Dr Mansoor Wasan said targeted incentives and stronger coordination with exporters could enhance the competitiveness of Pakistan\u2019s seafood industry in international markets.
\nThe minister said seafood exports reached $568 million in FY2025-26, describing the fisheries sector as an important source of export earnings and employment. He said the government was pursuing measures to expand seafood exports, improve quality standards and strengthen international competitiveness through targeted incentives and closer collaboration with industry stakeholders.
\nJunaid Chaudhry directed the committee to engage exporters, processors and other stakeholders to develop practical recommendations aimed at increasing exports, promoting value addition and strengthening Pakistan\u2019s position in global seafood markets.<\/p>\n","protected":false},"excerpt":{"rendered":"
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry constituted a four-member committee to finalise a performance-based fish export incentive scheme aimed at increasing seafood exports without altering the existing tax regime. Chairing a meeting, the minister said the proposed scheme would reward incremental export growth while retaining the current tax structure, improving the competitiveness […]<\/p>\n","protected":false},"author":2,"featured_media":560636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-560629","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national"],"yoast_head":"\n