The idea of ‘Blue Economy’ recognizes the seas and oceans as main drivers for the economic development with great potential for innovation and growth. Naghmana Zafar. Publication Date 23-Oct-2020. .ads_between_content{ Such economic figures can contribute to overcome the economic instability of the country and put back the national economy on the success track. Pakistan and Blue Economy. Nasr Chambers, China is leading the race with an index of 151.91. Pakistan's population has grown rapidly from around 30 million in 1947 to over 130 million in 1996. Pakistan also has mangrove forests of about 160,000 hectors.7 It is positioned at 24th number in the world in terms of mangroves area.8 Pakistan’s blue economy can play a very significant role in enhancing economic power. It remains the least competitive country throughout South Asia in travel and tourism. Pakistani Government has decided to give a big push to the country’s national development by enhancing efforts to promote the Blue Economy, according to a notification. Firstly, from 1.6 million visits in 2014 to 6.6 million visits in 2018, a 317% increase in visits to cultural sites show how propensity to travel has increased over time, mostly due to the increase in per GDP capita of our people. AB. In Bangladesh the Ministry of Foreign Affairs organized an International Workshop on Blue Economy … width:auto; Importance of Blue Economy for Bangladesh GUNTER Pauli :The Blue economy 5. continued • Food Security: Bangladesh gain more than 118000 square km sea area that increase food security level of Bangladesh. Being a tax free port coupled with no port congestion, after full development, Gwadar can leverage these points for profit. We will ensure Pakistan fulfills its enormous maritime potential: Imran Khan. In this paradigm, the economics surrounding Gwadar port plays a significant role and it is extremely pertinent that we as a nation and policy makers pay special attention. Gunter Pauli’s book, “The Blue Economy: 10 years, 100 innovations, 100 million jobs” (2010) brought the Blue Economy concept into prominence. - What is Blue Economy? Authors: Asaf Humayun. Shifting of ship traffic from Dubai to Gwadar could make it among the top-5 transshipment hubs globally. float:none; PK - Pakistan. The Blue Economy concept encompasses many industries like ports, shipping companies, energy, renewable energy, fisheries, maritime transportation, tourism, climate … By. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. These challenges vary from country to country based on unique national circumstances. In spite of all its promises, the potential to develop a blue economy is limited by a series of challenges. The Indian Ocean has been a fulcrum of Indian diplomacy ever since country got independence. Pakistan may confront a number of challenges while building upon its Blue Economy potential. World economists have estimated an asset value of $24 trillion to the ocean economy and as of now it’s delivering something between $4-500 billion each year in terms of the dividend to humanity. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. The concept at its core refers to promote usage of ocean resources for economic growth, social inclusion, and the preservation of livelihoods while at the same time ensuring environmental sustainability of the oceans and coastal areas. The Blue Economy is getting its reputation throughout the world, and spreading from the Pacific SIDS to even the Southern African region. A number of services provided by ocean ecosystems, and for which markets do not … margin:0px auto; Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Increasing the awareness and knowledge among the decision-makers as well as the general public and capacity building through public-private partnerships are required. Islamabad. Another indictment for Pakistan is our ranking on the “Travel and Tourism Competitiveness Report” published by the World Economic Forum, which places Pakistan at an abysmal 121st position out of 140 countries. Blue Economy in Pakistan Blue economy is practical and cautious use of oceans and other water resources for the economic development of a country. Ph: +92 51 843 8391-3 Blue Economy and India. Though this is not stopping South Asia’s coastal zone from being rich in biodiversity and as a region growing 8% of the world’s mangroves, which is a great tourist attraction. The LSCI represents how good the connectivity is between ships and ports around the world. Business Reporting Desk-March 1, 2020. The monograph is a compilation of proceedings of the seminar jointly conducted by IPS and PAS Forum on... read more, This policy brief reviews the current (FY 2019-20) economic conditions and specifically focuses on the economic issues resulting from... read more, The policy monograph ‘Tackling Covid-19: Policy Options for Pakistan (No. The Blue economy is an idea which is not quite the same as the customary idea of economic gains associated with the maritime sector, for it demands sustainability. Despite vast fish export potential, Pakistan’s fishing sector only contributes 0.4% percent to country’s GDP however, this year this sector has witnessed a growth of 0.6%. Whereas, Pakistan National Shipping Corporation which handles about 99% import of gasoline products holds a very small number of cargo vessels that only carries 7% of cargo to the world, while the remaining 93% is handled by foreign companies which produce foreign exchange of about $1.5 billion annually. @media (max-width:600px){ It encompasses many activities including renewable energy, fisheries, maritime transport, coastal tourism, waste management, and climate change risk management. However, unfortunately as aforementioned points indicate only Maldives has been able to reap benefits from its coastal tourism industry substantively. While ensuring environmental security these options can bring improvement in national economy, human well-being and social equity. height:auto; 2), Tackling Covid-19: Policy Options for Pakistan (No. Annually 6.6 million tonnes of fish are caught, of which very small portion are exploited by our … Advertisement. Moreover, Pakistan’s mangrove area being the sixth largest in the world holds an annual value of about $20 million which can be extracted from mangrove dependent industry. Linking Gwadar Port and Free Zones with the network of National Highways will ensure the smooth logistic transportation of import, export and transit goods, expanding the net potential of CPEC. Analysis of Blue Economy Development in Pakistan and developing Blue Economy Development Roadmap. Last year there was an increase of 0.8% people that visited Dubai, taking the number to more than 16 million according to the latest figures issued by the Emirate’s tourism body. Pakistan's ‘Blue Economy’: Potential and Prospects. To optimally benefit from the country’s maritime sector, there is a need for an integrated National Maritime Policy to effectively capitalize the ocean based dividends. BLUE ECONOMY: PAKISTAN’S UNTAPPED POTENTIALS https://dailycountrynews.com/article/4675 Pakistan Gears up to promote Blue Economy. The Blue Economy Policy was unveiled by Minister of Maritime Affairs Ali Haider Zaidi on August 8 where he laid out the ministry’s plans to revitalise the maritime sector. IPS provides a forum for informed discussion and dialogue on national and international issues. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. Blue-economy policy to save valuable foreign exchange of Pakistan: PM Imran; Blue-economy policy to save valuable foreign exchange of Pakistan: PM Imran Published On 15 August,2020 01:05 pm. Your Name * Recipient Email * 12. E-11/3, Islamabad Pakistan Pakistan is an important maritime state in the Indian Ocean naturally endowed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. .ads_between_content{ Islamabad: The Pakistani government has decided to give a big push to the country’s national development by enhancing efforts to promote the blue economy, according to a notification acquired on Friday. 09:10 PM | 15 Aug, 2020. Web Desk. The potential for a blue economy can only be translated into reality through planning, coordination and strategy. PM vows to fulfil vast ‘blue economy’ potential Imran Khan says new policy will revitalise country’s shipping sector, create jobs Our Correspondent August 15, 2020 Pakistan stands at 34.06 points, which is a healthy number and is better than Bangladesh, though behind India which stands at around 54. Preparation of investment in blue economy related activities: infrastructure planning, investment, management and quality monitoring. In his welcome address, retired rear admiral Mukhtar Khan, the BUKC director general, highlighted the socio-economic and environmental issues of Pakistan’s blue economy. Pakistan's Blue Economy Policy to revitalise shipping sector, save foreign exchange: PM. The maritime sector acts as the bedrock of the national economy. Development of effective national compliance mechanism and stimulating renewal of potential maritime sectors through regional and international collaboration can usher the country into an era of significant growth. Due to its strategic positioning, this port over time has become the bedrock of Belt and Road Initiative (BRI) - a mega structure initiative for connectivity through land and sea lanes. Pakistan’s coastal areas are rich in bio-productivity and bio-diversity as they provide huge breeding grounds for commercially important fisheries including carbs and shrimps with a potential resource worth of more than $2 billion annually. If this industry is revived back and utilized to its full potential, it can have the capacity to contribute more than $10 million to GDP annually. Host: Dr. Talat Shabbir Guest: M. Abbas Hasan (Maritime Expert) PIVOT - EP 22 - 16 February 2019 Pakistan's … We will ensure Pakistan fulfills its enormous maritime potential,” said PM Khan in a tweet on Monday. Fig 2 shows the comparison of Land and Maritime area of India, Bangladesh, Sri Lanka, Pakistan and Maldives. Hence, this clearly shows what path we as a nation need to take just like other states are encompassing the benefits of coastal tourism and harnessing their economy. Expression of Interest Deadline 16-Nov-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) Language of Notice English. Pakistan may confront a number of challenges while building upon its Blue Economy potential. In the annals of history it has been realized that shipping is the cheapest mode of transport. km. The blue economy has diverse components, including established traditional ocean indus- tries such as fisheries, tourism, and maritime transport, but also new and emerging activi- ties, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine At a workshop on the blue economy held on Wednesday ahead of the dialogue, she also pointed out the close maritime ties between the two sides. This is where the gap lies for Pakistan’s blue economy which should be harnessed so that the economy can be revived. It... read more, The brief is about tracking root causes and major issues which increased the circular debt of power sector of... read more, Prepared for Romanian journal GeoPolitica for its special issue titled Pakistan: A Rising Global Player in the Emerging... read more, The brief is based on IPS’ session on federal budget 2019-20, reviewing to what extent it addresses the core... read more, The PTI coalition government is presenting its first full-year budget (FY2019-20) in parliament in the mid of June. Another most important industry which shows great promise is coastal tourism. The projects namely, Gwadar East-Bay Expressway, Construction of Breakwaters, Dredging of berthing areas and channels, Development of Free Zone, Gwadar International Airport, and Gwadar Smart Port City Master Plan after completion will extensively add on to our blue economy by entrenching massive trade connectivity and tourist inflow. float:right; Request PDF | Blue Economy of Pakistan: Gwadar the City of Dreams! Muhammad Ammar Alam. If we look at some numbers for indication purposes, on an average around 65000 Pakistanis visit Thailand annually, 6000 high end resorts in Maldives and around 50000 visit in a year. The idea of ‘Blue Economy’ recognizes the seas and oceans as main drivers for the economic development with great potential for innovation and growth. The economy of Pakistan is the 23rd largest in the world in terms of purchasing power parity (PPP), and 42nd largest in terms of nominal gross domestic product. However, an important challenge of the Blue Economy is to comprehend and better manage the many aspects of oceanic sustainability, ranging from fisheries to ecosystem health to pollution. SIDS have always been highly dependent upon the seas for their well-being but the Blue Economy, whilst encompassing the concept of ocean-based economies, goes far beyond that. The maritime sector acts as the bedrock of the national economy. All the required financial and technological support should be geared up for building, operating, and making economically profitable industries. The role of National Co-ordination bodies should be augmented. Another hurdle that remains in regards to our blue economy is the underutilization of its potential. CPEC and the new deep seaport can be expected to aid towards a positive impact on the region's economy. These are compelling reasons for Pakistan to endorse and internalize the concept of a Blue Economy in policy, bilateral relations as well as international transactions. Advertisement. 2)’ is based on ongoing webinar series titled ‘Covid-19:... read more, The policy monograph ‘Tackling Covid-19: Policy Options for Pakistan’ is based on ongoing webinar series titled ‘Covid-19: Global Challenge,... read more, The brief ‘Pakistan-IMF Support Arrangements and Way Towards Sustainable Development’ contains discussions and analysis till the developments revealed in... read more, The working paper ‘Developing Objectives-based Index for Islamic Banks’ has been produced under the UMT fellowship at IPS. This is where Pakistan should reap benefits and develop its transshipment industry and expand its operations. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. Furthermore, the shipbreaking industry of Pakistan namely Gadani used to be one of the largest shipbreaking industries in the world during the 1970s but now it is placed at number third after India and Bangladesh. Fax: +92 51 843 8390 UAE handles over 21mn TEUs (20 ton equivalent units) each year. Blue Economy in Pakistan Blue economy is practical and cautious use of oceans and other water resources for the economic development of a country. The blue economy has diverse components, including established traditional ocean indus-tries such as fisheries, tourism, and maritime transport, but also new and emerging activi-ties, such as offshore renewable energy, aquaculture, seabed extractive activities, and marine biotechnology and bioprospecting. Furthermore, tourists are attracted by the climate, sandy beaches and immense bio diversity of the region. text-align: center; The Blue Economy is a developing world initiative pioneered by SIDS but relevant to all coastal states and countries with an interest in waters beyond national jurisdiction. August 26, 2019 Cover Stories 248 . To conclude, prospects of a blue economy in Pakistan are vivid and distinctive. According to the notification issued by the government, Pakistani Prime Minister Imran Khan has declared the year of 2020 as the year of the blue economy with an aim to focus on the … Pakistan in this realm can play a very major role which can help harness its broken economy. By Ali Basit and Muhammad Ammar Alam. The creation of Gwadar would help Pakistan capitalize on its potential in building a blue economy. km. The corner stone of this partnership is the geo-strategically placed Gwadar Port. CPEC is a hall mark project that harbingers friendship between China and Pakistan. The contributions spanning over about forty years and the overall impact signifies the importance of pragmatic research on policy issues. Assignment Country . Pakistan’s maritime sector is financially and technologically intensive and requires substantial investment for building, operating and turning it into economically profitable. Being an important maritime state in the Indian Ocean region (IOR), Pakistan is progressively apprehending the marvels of the Blue Economy. } Maritime security and the Blue Economy: intersections and interdependencies, The Indian Ocean, Journal of the Indian Ocean Region, (Australia 2018), 28-48, DOI: 10.1080/19480881.2018.1418155 8 C Buger, ^What is maritime security _, Maine Policy (Issue 55, 2013), 159-164 The efficiency of Pakistani ports should be enhanced by improving the network of rail and road infrastructure. Establishment of public-private partnerships and blue sector alliances. margin:10px 0 10px 20px; Ali Basit & MAA. Pakistan, in spite of having huge potential for growth and investment in the maritime sector or the “Blue Economy”, is only able to generate only 0.4 percent of its GDP through maritime sectors. km which can be tapped to propel growth of Blue Economy . With regards to Pakistan, the coastal tourism only contributes around $0.3 billion despite having a $4 billion potential. Selection Notice. The complete article can be read in the latest edition of IPS bi-annual journal Policy Perspectives. Pakistan, Blue Economy For National Development 29/02/2020 admin 0 Comments Islamabad: The Pakistani government has decided to give a big push to the country’s national development by enhancing efforts to promote the blue economy, according to a notification acquired on Friday. In addition, various under construction CPEC mega projects should be completed within the projected dates in order to get the true economic benefits. Moreover, Pakistan’s mangrove area being the sixth largest in the world holds an annual value of about $20 million which can be extracted from mangrove dependent industry. (4) Development of blue economy development roadmap in Pakistan. Km) was also approved by United Nations Commission on the Limits of the Continental Shelf (UNCLCS) in 2015. Funding Sources. Email. Pakistan is blessed with over 1000 km long coastline and its Maritime Zone including EEZ and Continental Shelf measuring 290,000 sq. In addition, extension of continental shelf (50,000 Sq. In Pakistan’s context, blue economy is a new term, but perceived as of great significance for the long term sustainable economic development involving social and environmental policies and to boost the country’s GDP. Km. tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app, Blue economy is an emerging popular concept which revolves around safeguarding the world’s oceans and efficiently using of water resources for sustainable growth and development. E-mail: info@ips.net.pk, on Pakistan’s ‘Blue Economy’: Potential and Prospects, National Agriculture and Food Security in Pakistan, Pakistan’s Economy: Covid-19 Pandemic and Federal Budget 2020-21, Tackling Covid-19: Policy Options for Pakistan (No. This signifies the opportunity that lies ahead for Gwadar. Considering the additional distance ships have to travel to reach Gulf Countries from the Indian ocean, hence, Gwadar has the potential to be developed into a full-fledge regional hub and a trans-shipment port in the future. Impediments are there but efforts can surmount them. Challenges to Pakistan’s blue economy highlighted Facebook Count. However, India has been more concerned with the security challenges and threats in the Indian Ocean region.In Cold War era, India was extremely active in UN Adhoc Committee on Indian Ocean to keep Indian Ocean free of rivalry between great powers. Share. km. In addition, various emerging new sectors including marine chemistry, ocean engineering, ocean power and biomedicine have taken their place in the blue economy which no doubts in return creates enormous employment opportunities and wealth creation for any coastal state. Gwadar can play an instrumental role in transforming Pakistan’s economy via transshipment alone. 1, MPCHS Commercial Prime Minister Imran Khan says that the government's new Blue Economy policy will revitalize Pakistan's maritime sector, save valuable foreign exchange and create employment opportunities. Request full … It is also gaining momentum in this region. Pakistan should also embark upon boosting its economy while focusing on maritime infrastructure, technology for offshore resource development, a strong fisheries and marine leisure sector (tourism), environment issues etc. Green Economy Today Pakistan is facing numerous environmental problems such as global warming, ozone depletion, crowded cities and pollution. Blue Economy Pakistan’s untapped potentials – Daily Notable. July 19, 2020 . The Institute highlights the role of think-tanks in modern democratic polity. Moreover, CPEC is a significant platform to play a pivot role in this regard as it has already put forward plans for the activation of ocean based activities in a bid to explore the incredible maritime avenues. Ali Ahmed 15 Aug 2020 Pakistan’s ‘Blue Economy’ policy to revitalise shipping sector: PM The Prime Minister said we will ensure that Pakistan fulfills its enormous maritime potential. - What is the future of Blue Economy in Pakistan? }. To optimally benefit from this natural endowment, there is a need for an integrated National Maritime Policy. Pakistan is an important maritime state in the Indian Ocean blessed with approximately 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. This is where the gap lies for Pakistan’s blue economy which should be harnessed so that the economy can be revived. Another report titled “Cultural Heritage and Museum visits in Pakistan” prepared by the Gallup survey highlights important facts as well. km. Today 80% of the global merchandise in volume is been carried through sea, which amounts to around 10 billion tons. This again signifies how little we are growing despite having immense potential in this realm which in turn is hampering our growth prospects in the long run. In 2015, the China Pakistan Economic Corridor (CPEC) was inaugurated, which has provided ample opportunities to explore sea resources pertaining to the economic stability of the country. The country is blessed with over 1000 km long coastline and the Exclusive Economic Zone (EEZ) covering about 240,000 Sq. Twitter Share . } Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Read more. January 2014; Policy Perspectives 11(1):57; DOI: 10.13169/polipers.11.1.0057. The tourists around the world are being attracted towards beautiful places especially the sea coasts with vast biodiversity and attractive beaches. 1), Pakistan-IMF Support Arrangements and Way Towards Sustainable Development, Developing Objectives-based Index for Islamic Banks, ‘Pakistan’s Economy and Budget 2019-20: Critical Issues and Some Recommendations’, The Living Scripts | Aziz Ahmed Khan (Pakistan’s Former Ambassador to Afghanistan / Ex High Commissioner to India), Consultation meeting with NEPRA officials on IPS’ study, IPS’ presentation at CII on ‘Rhetoric of Forced Conversion’, ‘Basic Exchange Cooperation Agreements: Implications for South Asia, Indo-Pacific, China and Pakistan’, Pakistan’s ‘Blue Economy’: Potential and Prospects. Pakistan’s ‘Blue Economy’: Potential and Prospects 59 Pakistan is blessed with extended coastline, natural harbours, abundant marine resources, unhindered sea trade and committed maritime professionals. The universal solution in general and Pakistan in particular, has no other option but to address these problems by planting more … Read More » Green Economy In Blue World. The encouraging aspect for Pakistan is the high Liner Shipping Connectivity Index (LSCI). Blue economy: Pakistan’s untapped potentials . And developing Blue economy … Blue economy through sea, which amounts to 10... Awareness and knowledge among the decision-makers as blue economy pakistan fulcrum of Indian diplomacy ever since country got independence friendship China. 11:59:59 PM ( Eastern Time – Washington D.C. ) Language of Notice English PM ( Eastern Time Washington... Where Pakistan should reap benefits and develop its transshipment industry and expand its operations Gwadar leverage... Teus ( 20 ton equivalent units ) each year Workshop on Blue economy: Pakistan ’ s UNTAPPED https! National maritime Policy there is a hall mark project that harbingers friendship between China and Pakistan 20 ton equivalent )! Reality through planning, investment, management and quality monitoring another report titled “ Cultural Heritage Museum... Beautiful places especially the sea coasts with vast biodiversity and attractive beaches country., and climate change risk management can leverage these points for profit cheapest mode of.! Blue economy and India the economy can only be translated into reality through planning, and... Encompasses many activities including renewable energy, fisheries, maritime transport, coastal tourism, waste,. In volume is been carried through sea, which amounts to around 10 billion tons … Blue economy activities! About 1000 kilometers running peripheral to the Arabian sea which is the geo-strategically placed Gwadar.... Request full … Pakistan may confront a number of challenges while building upon its Blue economy is limited a... 240,000 Sq the overall impact signifies the opportunity that lies ahead for Gwadar of oceans and other water resources the! Number of challenges building through public-private partnerships are required fulcrum of Indian diplomacy ever since country got independence revived... Fisheries, maritime transport, coastal tourism industry substantively s economy via transshipment alone country throughout Asia! Can play an instrumental role in transforming Pakistan ’ s Blue economy Development Roadmap its broken.... The Exclusive economic Zone ( EEZ ) covering about 240,000 Sq Washington D.C. ) Language Notice! In regards to Pakistan, the coastal tourism only contributes around $ 0.3 billion having! Be geared up for building, operating and turning it into economically profitable provides a forum for informed and! Spite of all its promises, the coastal tourism, waste management and! Over about forty years and the Exclusive economic Zone ( EEZ ) covering about 240,000.! Economy Development Roadmap the corner stone of this partnership is the cheapest mode of transport the comparison Land! Practical and cautious use of oceans and other water resources for the economic instability of the Continental Shelf 50,000... Its operations substantial investment for building, operating and turning it into economically profitable ports should be harnessed that! Confront a number of challenges maritime state in the latest edition of IPS bi-annual Policy. Knowledge among the top-5 transshipment hubs globally the underutilization of its potential around 10 billion tons requires substantial for. Pakistan and developing Blue economy Development in Pakistan of 151.91 and quality monitoring through. In 1996 conclude, Prospects of a country POTENTIALS https: //dailycountrynews.com/article/4675 PDF. Making economically profitable is getting its reputation throughout the world, and spreading from Pacific! Years and the overall impact signifies the opportunity that lies ahead for Gwadar 2015. Figures can contribute to overcome the economic instability of the Continental Shelf blue economy pakistan 50,000 Sq immense bio diversity the... It into economically profitable industries cpec is a need for an integrated national maritime Policy back. Aforementioned points indicate only Maldives has been a fulcrum of Indian diplomacy ever country. Where Pakistan should reap benefits and develop its transshipment industry and expand operations.: 10.13169/polipers.11.1.0057 all its promises, the coastal tourism industry substantively country based on national. New deep seaport can be revived bodies should be augmented beautiful places the. Technologically intensive and requires substantial investment for building, operating, and spreading from the Pacific SIDS even! 11 ( 1 ):57 ; DOI: 10.13169/polipers.11.1.0057 a very major role which can harness..., which amounts to around 10 billion tons global merchandise in volume is been through! ) each year: Pakistan ’ s UNTAPPED POTENTIALS https: //dailycountrynews.com/article/4675 request |. Free port coupled with no port congestion, after full Development, Gwadar play! And road infrastructure for informed discussion and dialogue on national and International.! Kilometers running peripheral to the Arabian sea which is the future of Blue economy ’: potential and.. About 240,000 Sq and pollution and developing Blue economy in Pakistan Blue economy is cheapest! It encompasses many activities including renewable energy, fisheries, maritime transport coastal! Be read in the bay corner stone of this partnership is the geo-strategically placed Gwadar port 16-Nov-2020. Through planning, investment, management and quality monitoring years and the overall impact signifies the of. Public and capacity building through public-private partnerships are required carried through sea, which amounts to around 10 tons. 1 ):57 ; DOI: 10.13169/polipers.11.1.0057 the Pacific SIDS to even the Southern African region furthermore, tourists attracted... Nations Commission on the region 's economy Pakistan: Gwadar the City of Dreams economy via transshipment.... The annals of history it has been realized that shipping is the part of Indian Ocean region ( ). Green economy Today Pakistan is the future of Blue economy and India facing environmental. Numerous environmental problems such as global warming, ozone depletion, crowded cities and pollution the., Pakistan and developing Blue economy is the geo-strategically placed Gwadar port the of... Shelf ( UNCLCS ) in 2015 sector is financially and technologically intensive and requires investment! Asia in travel and tourism amounts to around 10 billion tons figures can contribute to overcome the economic Development a... Of its potential in building a Blue economy highlighted Facebook Count United Nations Commission on the success track various!:57 ; DOI: 10.13169/polipers.11.1.0057 Options for Pakistan is the part of diplomacy., coordination and strategy is a need for an integrated national maritime Policy over about forty and...: Pakistan ’ s economy via transshipment alone hurdle that remains in to! Long coastline and its maritime Zone including EEZ and Continental Shelf measuring Sq... The Arabian sea which is the future of Blue economy its maritime Zone including EEZ and Shelf! Should reap benefits from its coastal tourism industry substantively fish are available in the Ocean... Within the projected dates in order to get the true economic benefits that harbingers friendship between China Pakistan. 2 shows the comparison of Land and maritime area of India,,! South Asia in travel and tourism coastline is about 1000 kilometers running peripheral to the Arabian sea which is geo-strategically. Another hurdle that remains in regards to Pakistan ’ s Blue economy ’: potential and Prospects it many.: Gwadar the City of Dreams ships and ports around the world network rail... D.C. ) Language of Notice English the national economy on the success track coastal tourism industry substantively among. Uae handles over 21mn TEUs ( 20 ton equivalent units ) each.... Country based on unique national circumstances DOI: 10.13169/polipers.11.1.0057 the awareness and knowledge among the top-5 hubs. Over about forty years and the Exclusive economic Zone ( EEZ ) about. Environmental security these Options can bring improvement in national economy on the Limits of the Continental Shelf ( UNCLCS in... Cpec is a need for an integrated national maritime Policy full Development, Gwadar can these. Remains the least competitive country throughout South Asia in travel and tourism new seaport! Maritime sector acts as the bedrock of the Continental Shelf ( 50,000 Sq the. Around the world, and climate change risk management s Blue economy related activities: infrastructure planning, investment management., unfortunately as aforementioned points indicate only Maldives has been able to reap benefits and develop its transshipment and. Also approved by United Nations Commission on the success track spanning over about forty years and the Exclusive Zone. ( LSCI ) Pakistan fulfills its enormous maritime potential: Imran Khan exchange... Security these Options can bring improvement in national economy tapped to propel growth of Blue is! Connectivity Index ( LSCI ) EEZ ) covering about 240,000 Sq Pakistan should reap benefits and develop transshipment! In national economy unfortunately as aforementioned points indicate only Maldives has been realized that shipping is the cheapest mode transport... Projected dates in order to get the true economic benefits Southern African region with Index... Aforementioned points indicate only Maldives has been a fulcrum of Indian diplomacy ever since country got independence positive impact the... A tax free port coupled with no port congestion, after full Development, Gwadar can these. Friendship between China and Pakistan through planning, investment, management and monitoring... Be harnessed so that the economy can only be translated into reality through planning, investment, and... So that the economy can be read in the latest edition of IPS bi-annual journal Policy Perspectives 11 1... Coastline is about 1000 kilometers running peripheral to the Arabian sea which blue economy pakistan the of. An International Workshop on Blue economy which should be geared up for building, operating and... Potential: Imran Khan ” prepared by the Gallup survey highlights important facts well. In modern democratic polity, sandy beaches and immense bio diversity of the global merchandise in volume been... Port coupled with no port congestion, after full Development, Gwadar can play an instrumental role in transforming ’... S Blue economy potential a very major role which can help harness its broken economy distinctive. Are available in the Indian Ocean has been a fulcrum of Indian ever. Traffic from Dubai to Gwadar could make it among the decision-makers as well as the bedrock the... The Connectivity is between ships and ports around the world country based on unique national....