blue economy pakistan

12 Dec blue economy pakistan

Being an important maritime state in the Indian Ocean region (IOR), Pakistan is progressively apprehending the marvels of the Blue Economy. - What is Blue Economy? 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. Expression of Interest Deadline 16-Nov-2020 at 11:59:59 PM (Eastern Time – Washington D.C.) Language of Notice English. AB. float:none; Another most important industry which shows great promise is coastal tourism. Email. Another hurdle that remains in regards to our blue economy is the underutilization of its potential. 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. - What is the future of Blue Economy in Pakistan? 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 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. August 26, 2019 Cover Stories 248 . 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 km which can be tapped to propel growth of Blue Economy . Another report titled “Cultural Heritage and Museum visits in Pakistan” prepared by the Gallup survey highlights important facts as well. 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. 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. According to some experts about 475 species fish are available in the bay. Analysis of Blue Economy Development in Pakistan and developing Blue Economy Development Roadmap. It remains the least competitive country throughout South Asia in travel and tourism. Web Desk. 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. To conclude, prospects of a blue economy in Pakistan are vivid and distinctive. By. All the required financial and technological support should be geared up for building, operating, and making economically profitable industries. 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. Ph: +92 51 843 8391-3 The idea of ‘Blue Economy’ recognizes the seas and oceans as main drivers for the economic development with great potential for innovation and growth. 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. Pakistan's population has grown rapidly from around 30 million in 1947 to over 130 million in 1996. Preparation of investment in blue economy related activities: infrastructure planning, investment, management and quality monitoring. 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. 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 contributions spanning over about forty years and the overall impact signifies the importance of pragmatic research on policy issues. Need of an hour is to formulate an effective national compliance mechanism and synergize the institutional efforts to tap the ‘Blue’ economic potentials of Pakistan. 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’: Potential and Prospects 59 Pakistan is blessed with extended coastline, natural harbours, abundant marine resources, unhindered sea trade and committed maritime professionals. margin:0px auto; IPS provides a forum for informed discussion and dialogue on national and international issues. 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 maritime sector acts as the bedrock of the national economy. Pakistan is blessed with over 1000 km long coastline and its Maritime Zone including EEZ and Continental Shelf measuring 290,000 sq. 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. 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. } Pakistan’s ‘Blue Economy’ policy to revitalise shipping sector: PM The Prime Minister said we will ensure that Pakistan fulfills its enormous maritime potential. Pakistan stands at 34.06 points, which is a healthy number and is better than Bangladesh, though behind India which stands at around 54. This should mean then that the beautiful coastal areas of Pakistan, if developed, could witness a surge in coastal tourism as people are definitely looking for a way out for recreation activities. 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. 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. 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. January 2014; Policy Perspectives 11(1):57; DOI: 10.13169/polipers.11.1.0057. 09:10 PM | 15 Aug, 2020. The corner stone of this partnership is the geo-strategically placed Gwadar Port. With regards to Pakistan, the coastal tourism only contributes around $0.3 billion despite having a $4 billion potential. July 19, 2020 . The LSCI represents how good the connectivity is between ships and ports around the world. Pakistan Gears up to promote Blue Economy. 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. 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. text-align: center; (4) Development of blue economy development roadmap in Pakistan. This is where the gap lies for Pakistan’s blue economy which should be harnessed so that the economy can be revived. km. 1, MPCHS Commercial Islamabad. 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 country is blessed with over 1000 km long coastline and the Exclusive Economic Zone (EEZ) covering about 240,000 Sq. 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. 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. This is where the gap lies for Pakistan’s blue economy which should be harnessed so that the economy can be revived. 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. CPEC is a hall mark project that harbingers friendship between China and Pakistan. The Blue Economy is getting its reputation throughout the world, and spreading from the Pacific SIDS to even the Southern African region. Assignment Country . Shifting of ship traffic from Dubai to Gwadar could make it among the top-5 transshipment hubs globally. 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. 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. 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. Impediments are there but efforts can surmount them. Request PDF | Blue Economy of Pakistan: Gwadar the City of Dreams! .ads_between_content{ 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. Titled “ Cultural Heritage and Museum visits in Pakistan are vivid and distinctive it among the transshipment. 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