National fisheries policy soon

Published
0

ISLAMABAD: After securing a quota to harvest 25,000 tonnes of tuna fish from the Indian Ocean Tuna Commission (IOTC), Pakistan is preparing to introduce a comprehensive National Fisheries Policy, and consultations with relevant stakeholders have begun.

Maritime Affairs Minister Junaid Anwar Chaudhry said on Friday that the country had obtained a quota to catch 25,000 tonnes of tuna from the Indian Ocean, which is expected to increase fish exports and enhance Pakistan’s presence in international seafood markets.

The quota is established by the Indian Ocean Tuna Commission, which operates under the Food and Agriculture Organisation of the United Nations. Its purpose is to promote cooperation among member countries in managing, conserving, and optimally utilising fish and seafood stocks. Additionally, it aims to encourage the sustainable development of fisheries based on these resources.

“We are also working to strengthen aquaculture, an area with vast potential, and it is expected to contribute $200 million in the next two years,” said the minister in a meeting with the Fisheries Development Commissioner Mian Aftab Ali.

Govt secures 25,000-tonne quota to harvest tuna

It was noted that a Fisheries Development Fund should be formed to provide financial stability and promote innovation across the sector.

The Fisheries Development Commission has stressed the need to modernise infrastructure and technological support to harness aquaculture’s capabilities in the country, and for that purpose, incentive packages for the fishing industry will be announced soon.

This includes support for fishing vessels, aquaculture equipment, and value-added seafood products, and the Ministry of Maritime Affairs has finalised plans to revitalize the Korangi Fisheries Harbour Authority (KHFA).

While inland and coastal fishing was the domain of the provinces, the KFHA is a federal government entity.

The minister reaffirmed the government’s resolve to create a policy framework that supports the fishing community and ensures environmental sustainability, export diversification, and economic resilience.

The meeting underscored the ministry’s renewed commitment to revitalising and modernising Pakistan’s marine economy and a series of consultative workshops to be held in major cities of the country, including Karachi, Peshawar, Lahore and Islamabad next month to attract investments.

Published in Dawn, May 10th, 2025

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

AJK outlook
Updated 13 Aug, 2026

AJK outlook

AS the staggered polls for the AJK Legislative Assembly enter their final stretch, it appears that the PML-N is in a...
Food costs
13 Aug, 2026

Food costs

THE State Bank’s warning that domestic food prices could rise more than expected in the near term deserves urgent...
Denied a future
13 Aug, 2026

Denied a future

FIVE years after the Taliban returned to Kabul, the world is still issuing statements while a generation of Afghan...
Mideast outreach
Updated 12 Aug, 2026

Mideast outreach

OVER the past few days, Pakistan has been going the extra mile to assure Iran that the Makkah Joint Defence ...
Nutrition emergency
12 Aug, 2026

Nutrition emergency

MALNUTRITION has become one of the biggest obstacles to Pakistan’s development. Around 40pc of children under five...
Housing deficit
12 Aug, 2026

Housing deficit

THE federal cabinet’s zoning directive has the potential to be the most consequential decision in the redefinition...