KARACHI: China’s Overseas Ports Holding Company (COPHC) on Wednesday presented a detailed plan to develop a high-tech aquaculture industry in Pakistan’s coastal city of Gwadar, the maritime affairs ministry said, describing the plan as a “transformative opportunity” for the country’s coastal development.
Gwadar is in Pakistan’s impoverished southwestern province of Balochistan, a sparsely populated, mountainous, desert region where China is involved in the development of a deep-sea port on the Arabian Sea as part of a $60 billion China-Pakistan Economic Corridor.
The aquaculture industry involves the farming of aquatic organisms such as fish, shrimps, crabs, oysters, seaweed, and other marine or freshwater species. In a meeting with Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry, COPHC Chairman Yu Bo outlined his organization’s vision to develop a sustainable, technologically advanced aquaculture sector in the port city.
“This project will harness Gwadar’s rich marine resources and transform the city into a key hub for seafood production, processing, and export,” Chaudhry was quoted as saying by the ministry. He highlighted the project’s potential to generate employment, attract investment and strengthen the local economy.
The Pakistani minister assured full government support for all investors and companies aiming to establish operations in the country toward unlocking Pakistan’s blue economy.
“We strongly support initiatives that bring investment, technology, and jobs to our coastal regions,” he said.
Chaudhry noted that Gwadar’s coastline offers immense potential for aquaculture ventures due to its favorable sea conditions and proximity to international markets. He emphasized the importance of developing hatcheries, seafood processing facilities and sustainable aquaculture farms to meet global quality standards and boost exports. The minister said developing aquaculture was key to enhancing exports and ensuring food security in Pakistan.
Both sides agreed to continue coordination through relevant government departments and technical experts to develop viable models and policy frameworks for smooth project implementation.
Pakistan, China to develop aquaculture industry in Gwadar to boost seafood production, export
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Pakistan, China to develop aquaculture industry in Gwadar to boost seafood production, export
- Chinese port company presents plan to develop high-tech aquaculture industry in Pakistan’s coast city of Gwadar
- Developing aquaculture key to enhancing exports, ensuring food security, says Pakistan’s maritime affairs minister
Pakistan PM approves framework for National Energy Plan aimed at cutting power costs
- Electricity costs in Pakistan have been a major concern for both industries and domestic consumers
- PM Shehbaz Sharif instructs authorities to expedite privatization of power distribution companies
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday approved the framework for a National Energy Plan aimed at ensuring low electricity costs for industries and facilitating domestic consumers, Pakistani state broadcaster reported.
The development took place during a meeting of the Cabinet Committee on Energy in Islamabad presided over by Sharif. The Pakistani prime minister directed all ministries and provincial governments to present a “workable and coordinated” strategy under the proposed plan.
Electricity costs in Pakistan have been a major concern for both industries and domestic consumers. Industrial users often face high tariffs that increase production cost while residential consumers struggle with rising bills that impact household budgets.
“Prime Minister Shehbaz Sharif has given in-principle approval for the formulation of a comprehensive National Energy Plan in consultation with relevant ministries and provincial governments,” Radio Pakistan said in a report.
“He emphasized that the government’s top priorities include ensuring electricity supply to industries at the lowest possible cost and providing facilitation for domestic consumers.”
Sharif also approved the establishment of a dedicated secretariat for the National Energy Plan and gave approval to the framework guidelines for auctioning wheeling charges, it added.
Wheeling charges are fees paid for using another company’s power grid to transmit electricity from a generator to a consumer, covering the cost of transporting electricity over someone else’s network.
The report said Sharif instructed authorities to include the recommendations of the climate change, finance, industries and petroleum ministries into the plan.
Sharif also gave instructions to expedite the privatization of power distribution companies (DISCOs) and urged competitive tariffs for industries to boost production capacity.
Fluctuations in fuel prices, inefficiencies in the power sector, and reliance on imported energy have contributed to high electricity costs in Pakistan in recent years, making energy affordability and stability a key focus for government policies and reforms.
Pakistan has pushed energy sector reforms to tackle long-standing issues like circular debt, power theft, and transmission losses, which have caused blackouts and high electricity costs.
In February, Pakistan developed a new energy policy that it says will help the country attract $5 billion in investment through public-private partnerships.
