Deep Dive into Pakistan's Ocean Economy: An Evaluation of Performance and Constraints

Authors

Maaziya Aijaz, Institute of Environmental Studies, University of KarachiFollow
Omme Hany, Institute of Environmental Studies, University of Karachi
Nooreen Mujahid, Applied Economics Research Center, University of Karachi
Ali Abbas, National Institute of Maritime Affairs, Bahria University

Document Type

Research Article

Abstract

Pakistan, a coastal country with a 1,050 km coastline and an Exclusive Economic Zone, relies on the ocean economy for approximately 0.4% of its national GDP. The ocean economy of Pakistan comprises various sectors, including fisheries, maritime transportation, offshore oil and gas exploration, tourism, and marine biotechnology. Over the years, Pakistan has made progress in these sectors, with notable growth in fish exports and the development of deep-sea ports. However, several challenges are hindering the full realization of the ocean's economic potential. These challenges include inadequate infrastructure, outdated regulations, unsustainable fishing practices, pollution, and geopolitical tensions affecting maritime trade. Despite the government's declaration of the "Year of Blue Economy" in 2020, limited efforts have been made to develop this sector, apart from publishing a revised shipping policy. This study seeks to analyze the performance of Pakistan's ocean economy and identify the obstacles it faces in transitioning to a sustainable blue economy. Comprehensive policy measures are necessary to address these challenges and leverage the country's potential in the field of blue economy.

Recommended Citation

Aijaz, Maaziya; Hany, Omme; Mujahid, Nooreen; and Abbas, Ali (2024) "Deep Dive into Pakistan's Ocean Economy: An Evaluation of Performance and Constraints," Journal of Ocean and Coastal Economics: Vol. 11: Iss. 1, Article 6.
DOI: https://doi.org/10.15351/2373-8456.1191

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