Pakistan secures $3 million to protect marine biodiversity, reform fisheries

A man walks over a pedestal bridge seen over the polluted waters at the Fish Harbour on the World Environment Day in Karachi, Pakistan on June 5, 2025. (REUTERS)
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Updated 15 February 2026
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Pakistan secures $3 million to protect marine biodiversity, reform fisheries

  • Global Environment Facility funding will help improve monitoring of coastal and marine ecosystems
  • Fisheries contribute about 1 percent to Pakistan’s GDP but are a critical livelihood source in coastal areas

KARACHI: Pakistan has secured $3 million in funding from the Global Environment Facility (GEF) to conserve marine biodiversity and shift toward sustainable and regenerative fisheries management, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said on Saturday.

The funding, drawn from the GEF Trust Fund, will support a project aimed at strengthening fisheries governance, reducing environmental damage and improving monitoring of coastal and marine ecosystems. Of the total amount, $1.2 million will finance biodiversity interventions, while $1.8 million will address land degradation linked to coastal and marine areas.

“Our sector faces overfishing, high post-harvest losses, and illicit practices that strain marine environments,” Chaudhry said in a statement. “With 701 boats in tuna fishing, mostly artisanal with some semi-industrial, unselective methods and poor onboard storage lead to waste and lost market opportunities.”

“Pakistan, a key player in the Indian Ocean Tuna Commission (IOTC) and aligned with G16 like-minded coastal states, struggles with unreliable data, weak regulations, and over 70 unofficial landing sites that hinder monitoring, control and policy-making,” he added.

The minister said the program would focus on data collection, policy reform, infrastructure upgrades, capacity building and improved market access, while advancing commitments such as reducing fishing effort, expanding Marine Protected Areas and cutting bycatch.

GEF, which finances environmental initiatives under major global conventions including the UN Framework Convention on Climate Change (UNFCCC) and the Convention on Biological Diversity (CBD), supports projects in biodiversity, climate change, international waters and land degradation.

Fisheries contribute about 1 percent to Pakistan’s GDP but are a critical source of livelihoods in coastal areas.

Chaudhry said the initiative was designed to modernize the fisheries sector, improve the livelihoods of fisherfolk and align Pakistan’s marine management practices with national and international environmental commitments.


Pakistan, US discuss investment in energy, minerals and counter-terrorism fields

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Pakistan, US discuss investment in energy, minerals and counter-terrorism fields

  • PM Shehbaz Sharif met US State Secretary Marco Rubio, International Development Finance Corporation CEO Benjamin Black
  • The prime minister invites US officials to visit Pakistan at the earliest to explore mutually beneficial investment opportunities

ISLAMABAD: Prime Minister Shehbaz Sharif has discussed investment in Pakistan’s energy, minerals, counterterrorism and other sectors with top United States (US) officials, Sharif’s office said.

The meetings took place on the sidelines of the inaugural meeting of the Gaza Board of Peace in Washington that is intended to oversee international stabilization and rebuilding efforts in Gaza after months of war.

Sharif, accompanied by his deputy Ishaq Dar, met US Secretary of State Marco Rubio, who appreciated Pakistan’s ongoing support of Trump’s peace plan for Gaza and for joining the Board of Peace.

“In our meeting, we discussed the importance of our strategic relationship on critical minerals development and counterterrorism,” Rubio said on X after the meeting.

Pakistan has sought to re-energize economic diplomacy with Washington as it attempts to enhance its exports, attract foreign investment and stabilize its economy under an International Monetary Fund-backed reform program.

In July 2025, the two countries agreed to a bilateral trade deal that included reciprocal tariff reductions, while the two sides have increased diplomatic contacts alongside engagements on trade, minerals, security cooperation and regional stability in recent months.

Sharif, who this week traveled to the US on Trump’s invitation, later met US International Development Finance Corporation (DFC) CEO Benjamin Black, who was accompanied by DFC’s Head of Investments Conor Coleman and other senior officials, according to his office.

The prime minister invited Black to visit Pakistan at his earliest convenience to explore mutually beneficial investment opportunities in various sectors of shared interest.

“The Prime Minister appreciated the expanding economic partnership between Pakistan and the United States and recognized DFC’s crucial role in catalyzing joint ventures between private enterprises of the two countries, essential to job creation and productivity enhancement,” Sharif’s office said.

“Highlighting Pakistan’s fast improving macroeconomic fundamentals, Government’s commitment to deepening structural reforms, and attractive investment climate, the Prime Minister invited DFC to enhance its financing for projects in the energy, mines and minerals, agriculture and IT sectors.”

Sharif also invited DFC to participate in the upcoming minerals conference in Islamabad in April.

In Oct., Pakistan dispatched its first ever shipment of rare earth and critical minerals to the United States, a Chicago-based public relations (PR) firm said, following a landmark $500 million deal between the two countries.

The agreement, signed between American firm US Strategic Metals (USSM) and Pakistan’s Frontier Works Organization (FWO), aimed to create a framework for joint development of the entire mineral value chain, including exploration, beneficiation, concentrate production and eventual establishment of refineries in Pakistan.