Pakistan’s Maritime Minister, Muhammad Junaid Anwar Chaudhry, stated on Friday that Gwadar Port could generate over $850 million annually through value-added fisheries and date exports if supported by consistent investment, strategic policymaking, and infrastructure development. The deep-sea port, strategically located near the Strait of Hormuz, is envisioned as a game-changer for Pakistan’s economy, enhancing regional trade and attracting foreign investment.
Fisheries & Dates: Key Economic Drivers
During a high-level meeting attended by officials from the Ministry of Maritime Affairs (MoMA), Gwadar Port Authority, and other key stakeholders, the minister highlighted Balochistan’s untapped fisheries potential, estimating an annual catch of 300,000 tonnes worth $645 million with proper processing. Currently, only half of this potential is realized due to outdated technology and regulatory challenges. Additionally, Panjgur and Turbat’s date production—over 225,000 tonnes annually—could contribute $200-205 million through value addition.
Boosting Connectivity & Trade
To facilitate business and investment, the minister announced plans to increase PIA flights to Gwadar from one to three weekly, including routes to Karachi and Islamabad. A chartered flight mechanism for investors is also under consideration. Earlier, MoMA revealed plans to expand Gwadar’s shipping lines and launch a ferry service to GCC countries, reinforcing its role as a maritime trade hub.
Transforming Gwadar into a Regional Hub
Minister Chaudhry reiterated the government’s commitment to empowering local businesses and upgrading 34 fish processing units in Balochistan to meet export standards. He emphasized that Gwadar’s development aligns with Pakistan’s vision to enhance regional connectivity and establish the port as a strategic transshipment center, benefiting both Pakistan and the broader region.