Daily Times

Pakistan’s vast coastline, spanning 1,046 kilometres and covering an Exclusive Economic Zone (EEZ) of approximately 240,000 square kilometres, presents a significant opportunity to bolster its economy through the blue economy. Globally, the blue economy, which refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while maintaining the health of ocean ecosystems, is gaining immense traction. Countries like the United States, Norway, Australia, and the European Union have seamlessly integrated blue economy strategies into their national policies. Pakistan, however, lags despite its substantial potential, a delay that can no longer be afforded in the current economic and geopolitical climate.

The global blue economy is estimated to contribute between $3 to $6 trillion annually to the world economy, with key sectors including fisheries, aquaculture, maritime transport, renewable energy, coastal tourism, and marine biotechnology. According to the OECD, fisheries alone employ more than 200 million people worldwide and contribute roughly $240 billion in global exports. Maritime transport carries 80% of global trade and coastal tourism accounts for a significant share of GDP for many island and coastal nations. Pakistan, with its strategic location at the crossroads of Central and South Asia, the Middle East, and proximity to major maritime routes in the Indian Ocean, is uniquely positioned to carve out a significant space in this dynamic sector.

However, Pakistan’s blue economy remains underdeveloped. Fisheries, one of its key sectors, remains poorly regulated, with much of the sector operating in an informal, undocumented economy. Environmental degradation, illegal fishing, and overfishing plague Pakistan’s marine resources. Although Pakistan’s ports of Karachi, Port Qasim, and Gwadar handle much of its trade, the maritime transport sector has not yet reached its full potential. Coastal tourism remains underexplored despite the scenic beauty of Pakistan’s coastline. The country’s involvement in renewable energy remains minimal, with little investment in offshore wind, tidal, or marine energy resources.

Pakistan’s potential, though significant, cannot be fully realized without addressing these challenges. This is where the Pakistan Navy becomes an essential player. As a maritime nation, Pakistan’s security, economic growth, and future development are inextricably linked to the sustainable use of its marine resources. The Pakistan Navy plays a critical role in ensuring maritime security, a foundation for building a strong blue economy. Maritime security is a prerequisite for the sustainable exploitation of marine resources, preventing illegal fishing, securing shipping routes, and safeguarding Pakistan’s sovereignty over its marine territories.

The Pakistan Navy’s role in maritime security is exemplified by its participation in international anti-piracy operations and its leadership in the Combined Task Forces (CTF 150 and 151), ensuring the safe passage of commercial vessels through key maritime routes in the Indian Ocean. This participation has enabled Pakistan to secure its maritime trade, which constitutes more than 90% of its external trade. Additionally, the Navy’s maritime security efforts provide a stable environment for the development of blue economy sectors, including fisheries, maritime transport, and coastal tourism.

A prime example of the Navy’s regional leadership is its AMAN initiative. The AMAN multinational maritime exercises are aimed at promoting regional maritime security and cooperation in the Indian Ocean. With participation from more than 45 countries, including the US, China, Russia, and the UK, the AMAN exercises demonstrate Pakistan’s commitment to promoting global and regional maritime security, which is vital for the development of the blue economy. By fostering maritime collaboration and securing international maritime routes, AMAN enhances Pakistan’s reputation as a responsible maritime nation, positioning it as a potential hub for blue economy activities in the Indian Ocean.

The Pakistan Navy’s contribution to the blue economy extends beyond maritime security. It plays a crucial role in protecting the marine environment, which is essential for the long-term sustainability of marine resources. Through its collaboration with national and international environmental agencies, the Navy has been involved in efforts to combat pollution, preserve marine biodiversity, and prevent illegal dumping in the ocean. The Navy’s participation in oceanographic research and marine exploration activities is vital for understanding and exploiting Pakistan’s marine resources. As marine technologies advance, the Pakistan Navy can collaborate with academic institutions and international research organizations to explore the country’s untapped marine resources, including fisheries, hydrocarbons, and renewable energy.

Pakistan’s fisheries sector, with proper regulation, investment, and technology transfer, could become a major contributor to the country’s blue economy. Countries like India and Bangladesh have significantly expanded their fisheries and aquaculture sectors, boosting exports and improving livelihoods for coastal communities. Pakistan can follow a similar trajectory by implementing sustainable fishing practices, enforcing regulations against illegal fishing, and developing aquaculture. The development of fish farming, hatcheries, and mariculture can help meet the growing demand for seafood globally while reducing the pressure on wild fish stocks. This sector could also employ coastal communities and contribute to poverty alleviation.

Another critical sector of Pakistan’s blue economy is maritime transport and port development. The strategic development of Gwadar Port, located at the mouth of the Persian Gulf, is crucial for transforming Pakistan into a regional maritime hub. Gwadar, once fully operational, has the potential to handle 300-400 million tons of cargo annually, positioning Pakistan as a key player in the Indian Ocean’s maritime trade routes. As part of the China-Pakistan Economic Corridor (CPEC), Gwadar Port is expected to facilitate trade between China, Central Asia, the Middle East, and beyond. The port’s development is essential for boosting Pakistan’s maritime transport sector and establishing the country as a significant player in the blue economy.

Coastal and marine tourism is another underutilized sector of Pakistan’s blue economy. Countries like Sri Lanka and the Maldives have developed thriving coastal tourism industries, contributing significantly to their GDP. Pakistan’s coastline, with its scenic beauty, rich cultural heritage, and diverse marine life, has the potential to attract both domestic and international tourists. Developing coastal resorts, promoting marine sports, and preserving natural habitats can turn Pakistan’s coastal regions into attractive tourist destinations, providing jobs and boosting local economies. The Pakistan Navy’s role in ensuring security along the coast is crucial for the success of this sector, as tourists seek safe and well-regulated environments for their activities.

Marine renewable energy offers another avenue for Pakistan’s blue economy. The country’s extensive coastline is ideal for developing offshore wind and tidal energy projects. Global players like the UK have successfully invested in offshore wind energy, generating significant power while creating jobs and reducing carbon emissions. Pakistan, facing energy shortages and high fuel costs, can explore offshore renewable energy as a sustainable and cost-effective solution to meet its growing energy demands. By investing in wind, wave, and tidal power, Pakistan can diversify its energy sources, reduce its reliance on imported fuels, and contribute to global efforts to combat climate change.

International cooperation is essential for Pakistan to fully realize its blue economy potential. The country must engage with international organizations and regional bodies, such as the Indian Ocean Rim Association (IORA) and the Indian Ocean Commission (IOC), to collaborate on blue economy initiatives. Partnerships with countries that have successfully developed their blue economies, such as China, Norway, and Australia, can provide Pakistan with access to technology transfer, knowledge-sharing, and investment opportunities. By fostering international cooperation, Pakistan can accelerate the development of its blue economy sectors while ensuring that it adheres to global standards for sustainability and environmental protection.

To fully capitalize on its blue economy potential, Pakistan must formulate a comprehensive national blue economy strategy. This strategy should prioritize sustainable resource management, technological innovation, and regional cooperation. The strategy should also focus on improving maritime governance, including the enforcement of laws and regulations to prevent illegal fishing, pollution, and other threats to marine resources. Capacity building in maritime skills, research, and governance is also essential. Public-private partnerships can play a critical role in attracting investment, particularly in areas such as port development, renewable energy, and marine research.

Pakistan’s blue economy represents a vast, untapped frontier that, if properly developed, can contribute significantly to the country’s economic growth, job creation, and sustainable development. The Pakistan Navy’s role in ensuring maritime security, fostering international cooperation, and protecting marine resources is essential to unlocking this potential. By focusing on fisheries, maritime transport, coastal tourism, and renewable energy, Pakistan can carve out its space in the global blue economy. With the right policies, investment, and international cooperation, Pakistan can transform its blue economy into a driving force for economic growth, regional integration, and environmental sustainability, securing a prosperous future for its people and positioning itself as a key player in the global maritime economy.

The writer is a financial expert and can be reached at jawadsaleem.1982@gmail.com. He tweets @JawadSaleem1982.