Pakistani, global exhibitors sign agreements worth $273 million at maritime summit

Pakistan's Federal Minister for Maritime Affairs Muhammad Anwar Chaudhry (front row-center) posing for a group photo with Chief of Staff Vice Admiral Raja Rab Nawaz (third-right, front row) during the closing ceremony of PIMEC-25 at the Karachi Expo Center on November 6, 2025. (Government of Pakistan)
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Updated 06 November 2025
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Pakistani, global exhibitors sign agreements worth $273 million at maritime summit

  • Four-day Pakistan International Maritime Expo and Conference featured 178 exhibitors, including 28 international entities
  • Agreements a “concrete signal” from Pakistan to investors about commitment to strategic partnerships, says navy

ISLAMABAD: The four-day Pakistan International Maritime Expo and Conference (PIMEC) 2025 concluded on Thursday, with local and global exhibitors signing 83 agreements worth Rs76 billion [273.6 million], the navy said. 

PIMEC’s second edition ran from Nov. 3-6, featuring participation from 178 exhibitors, including 28 international firms and 150 local organizations. These entities showcased a wide range of maritime innovations, technologies, and services at the conference.

The event was also attended by 133 international delegations representing 44 countries across Europe, Asia, North America, South America, Africa, Middle East and the Far East, the navy said. 

“The second edition of PIMEC-25 marked a major milestone in advancing Pakistan’s maritime and blue economy agenda, with the signing of 83 Memoranda of Understanding (MoUs) worth Rs76 billion [$273.6 million] between national and international exhibitors across multiple maritime sectors,” the Pakistan Navy said. 

The navy said that the signing of the agreements will serve as a “concrete signal” from Pakistan to international investors, emphasizing its commitment to fostering strategic partnerships, promoting technology transfer, enhancing capacity-building and unlocking large-scale opportunities in maritime sector.

“The successful conclusion of PIMEC-25 not only highlights Pakistan’s potential as a maritime hub but also reflects the nation’s growing role in shaping regional Blue Economy landscape,” it said. 

Pakistan has a 1,046-km coastline along a major global trade route, but its maritime economy has remained underdeveloped for decades, with limited commercial fleet capacity, outdated port infrastructure and declining seafood exports. 

Successive governments have identified the blue economy as a potential driver of growth, energy security and climate resilience, but investment and execution have lagged.

Pakistan’s maritime affairs minister has said that by 2047, Islamabad aims to emerge as a global blue economy hub driving sustainable growth across the North Arabian Sea and Indian Ocean. 
 


Pakistan’s Punjab to hold Basant kite festival from Feb. 6-8 after 25-year ban

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Pakistan’s Punjab to hold Basant kite festival from Feb. 6-8 after 25-year ban

  • Province to start safety antenna installation campaign on all motorbikes from tomorrow
  • Basant ban began in the mid-2000s after fatal incidents involving metal-coated kite strings

ISLAMABAD: Pakistan’s most populous Punjab province will hold the iconic spring kite-flying Basant festival from Feb. 6-8 next year after the provincial government lifted its long-running 25-year ban earlier this month, a senior minister said on Wednesday.

The ban due to fatal kite-string accidents was lifted after the provincial administration passed the Punjab Kite Flying Ordinance 2025, marking a cautious comeback for a festival that once symbolized the arrival of spring in the region.

Basant, one of Punjab’s most celebrated cultural festivals, used to draw thousands to rooftops across Lahore and other cities. However, from 2005 onward, it was repeatedly banned after dozens of people were killed or injured by dangerous metal and chemically coated kite strings that could slash motorcyclists and pedestrians, many of them children.

Courts and provincial administrations upheld these prohibitions for years, making the revival of Basant one of Punjab’s most politically sensitive cultural decisions.

“[Chief Minister] Punjab Maryam Nawaz Sharif has approved the revival of our beloved Heritage Basant Festival on February 6th, 7th and 8th celebrated across Lahore after 25 years, a tradition rooted in history and admired worldwide,” Punjab Senior Minister Marriyum Aurangzeb said in a post on X.

“The Basant Ordinance 2025 will be fully enforced and implemented. Every kite string and seller registered, QR coded and monitored. Basant belongs to the people, its success is our collective responsibility.”

Aurangzeb added that a citywide campaign to install safety antennas on all motorbikes will begin tomorrow.

“Every motorbike in Lahore will have Antenna for safety before and during Basant Inshallah,” Aurangzeb added. “Safety is CM Punjab’s priority. Let every kite soar and every ride be safe together, we’ll make Lahore happy historic and secure!“

Under new regulations, the government has made it mandatory for anyone making or selling kites to register. Each kite must carry a QR code linking to the seller’s identity.

The rules also prohibit children under the age of 18 from flying kites, making their guardians responsible for any violations. Fines for minors are set at Rs 50,000 ($179) for a first offense and Rs 100,000 ($358) for a second offense. Kite flying will only be allowed with formal authorization.

In Punjab, kite flying will require permission from the deputy commissioners, and kites may only be purchased from registered vendors.

The ordinance introduces strict penalties for adults as well, including three to five years in prison and a fine of Rs 2 million ($7,160) for violations.

The government has said the new regulatory framework was intended to revive the Basant festival in a controlled and safe manner, balancing public enthusiasm for the celebration with longstanding concerns over fatal injuries caused by unsafe kite strings.

Officials say that the ordinance also aims to formalize the small but extensive economy surrounding Basant, which includes kite manufacturing, string production, dyes, paper supply, bamboo cutting, wholesalers and thousands of seasonal vendors.

For decades, this value chain has operated informally, with no licensing, safety regulations, or tax registration, generating minimal direct revenue for the provincial government.

By bringing manufacturers and sellers into a documented system through mandatory registration and QR-coded products, officials argue that the government can expand its tax base, ensure safer production standards and create more predictable business opportunities for cottage-industry workshops that rely on the Basant season for income.