POTENTIAL, CHALLENGES, AND PROSPECTS FOR PAKISTAN'S BLUE ECONOMY

Munib ur Rehman

doi:10.46754/jml.2023.08.006

Authors

Munib ur Rehman Cooperatives

DOI:

https://doi.org/10.46754/jml.2023.08.006

Keywords:

Blue Economy, Exclusive Economic Zone, Marine Resources, Coastline

Abstract

The value of water and oceans in fostering inhabitation and facilitating trade and economic connectivity is immense. Sea-trade has historically played a crucial role in building a state's economic power. Pakistan, with over 1000 km of coastline and an extended Exclusive Economic Zone covering 290,000 sq.km, possesses abundant marine, fisheries, mineral, and energy resources that can generate significant revenues. Additionally, Pakistan's geo-oceanic position offers vast opportunities for sea-based activities like transportation, tourism, shipbuilding, port facilities, and renewable energy. This paper highlights the challenges and prospects of Pakistan's Blue Economy, providing policy recommendations for its development.

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