Finance Minister Muhammad Aurangzeb has described Pakistan’s blue economy as a potential “game changer” for the country’s long-term economic growth, setting an ambitious target to expand its value from the current $1 billion to $100 billion by 2047. Speaking at a maritime conference, the minister emphasized that while the blue economy currently contributes just 0.4% to 0.5% of the national GDP, it possesses enormous untapped potential that could reshape Pakistan’s economic future.
He outlined a comprehensive strategy to unlock the sector’s value by focusing on modernization, innovation, and sustainability. Key initiatives include increasing seafood exports to $2 billion within the next four years, upgrading and expanding the capacity of major ports, and investing in renewable ocean energy, marine biotechnology, and coastal tourism. Aurangzeb also highlighted the importance of developing Pakistan’s shipbuilding and logistics infrastructure to better integrate with regional and global trade routes.
The finance minister noted that the blue economy’s growth will not only boost exports but also create new employment opportunities, attract foreign investment, and enhance food security through sustainable marine resource management. He stressed that achieving this vision requires strong policy consistency, institutional coordination, and technological innovation.
Aurangzeb added that Pakistan’s long coastline, strategic location near major maritime trade corridors, and abundant marine resources give the country a unique advantage in expanding its blue economy. He called on both the public and private sectors to collaborate on sustainable development projects that align with global climate and environmental goals, ensuring that economic progress does not come at the expense of ecological balance.
By 2047, the government envisions the blue economy becoming a key pillar of Pakistan’s overall development strategy — driving innovation, promoting green growth, and positioning the country as a significant player in the global maritime industry.
