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Pakistan's Blue Economy has the potential to generate over $100 billion in revenue: British Deputy High Commissioner

Pakistan's Blue Economy has the potential to generate over $100 billion in revenue: British Deputy High Commissioner

In Karachi, British Deputy High Commissioner Sarah Mooney said that incorporating the Blue Economy into the national economy is of utmost importance for a country like Pakistan.

She expressed these views while addressing the World Maritime Day 2024 seminar as the chief guest, organized by the Directorate of Electronic Media and Publications (DEMP) in collaboration with the Maritime Training Institute at a local hotel.

Sarah Mooney stated that Pakistan's coastline spans 1,001 kilometers, home to various species of marine animals, plants, and mineral resources.

She added that the Blue Economy industry has not been utilized to its full potential, even though it has the capacity to generate over $100 billion in revenue.

Director General of the Press Information Department (PID), Irm Tanveer, said that Pakistan’s unique geographical location connects the East and West, with warm deep-water ports and a thousand-kilometer-long coastline placing the country at the center of global maritime affairs. This also makes us aware of the challenges posed by today's rapidly changing climate.

She emphasized that climate change is a global challenge with profound impacts on our oceans, coastlines, and communities. As a responsible member of the international community, Pakistan has introduced several national policies to protect the environment and promote sustainable development, including Blue Economy initiatives such as sustainable fishing, marine renewable energy, and the conservation of marine biodiversity. For instance, the 2015 National Forest Policy aims to increase forest cover and mitigate the effects of climate change, in line with our commitments under the Paris Agreement and the Sustainable Development Goals (SDGs).

The DG PID highlighted the significant role of the Ministry of Information and Broadcasting in supporting these national efforts by promoting an informed society and advancing media development. Through the Press Information Department (PID) and the Directorate of Electronic Media and Publications (DEMP), we disseminate key information about government policies, achievements, and programs, shaping a positive narrative about Pakistan at home and abroad. DEMP plays a vital role in producing, preserving, and distributing documentaries and publications that serve as valuable resources for the global community. Our state-of-the-art News Analysis Center monitors over 50 TV channels simultaneously, ensuring the accurate and timely transmission of information.

Referring to the documentary presented at the seminar, she proudly announced the launch of a new documentary highlighting the importance of protecting our mangrove ecosystems as a crucial part of our coastal heritage. Mangroves act as natural barriers against storms, prevent coastal erosion, and serve as important carbon sinks, playing a key role in mitigating global climate change. This documentary aligns perfectly with the theme of World Maritime Day, reinforcing the two pillars of safety and sustainability.

She also expressed gratitude to the Pakistan branch of the Nautical Institute, the Institute of Chartered Shipbrokers, the Chartered Institute of Logistics and Transport, and the Pakistan Merchant Navy Officers Association for organizing the seminar.

Video messages from international figures in the maritime sector were also presented.

In his message, Secretary-General of the International Maritime Organization (IMO) Arsenio Dominguez said that as we prepare to celebrate World Maritime Day 2024 on September 26, this is an excellent moment to reflect on and celebrate this year's theme: "Navigating the Future: Safety First!" This theme highlights the critical importance of maritime safety and the tireless efforts of the IMO to ensure that global shipping remains safe and efficient.

He stated that maritime safety is not just a regulatory requirement but a fundamental aspect of the global economy. Every day, the IMO works diligently to establish and enforce standards that protect the safety of ships and their crews worldwide. With over 80% of the world's goods transported by sea annually, the impact of these safety measures cannot be overlooked. The effectiveness of IMO's efforts is evident in the smooth and safe movement of goods that make our daily lives easier.

Arsenio further noted that the progress in maritime safety is reflected in the impressive fleet of modern ships operating under stringent guidelines set by the IMO.

He concluded by saying that on World Maritime Day, it is essential to recognize and celebrate the numerous achievements in maritime safety, which have been accomplished through the collective efforts of the IMO, national maritime authorities, and the global maritime community. This day provides an opportunity to appreciate advancements in ship design, safety protocols, and emergency response systems, all contributing to a safer maritime environment.

British Deputy High Commissioner Sarah Mooney stated that Pakistan’s Blue Economy industry has not been utilized to its full potential, despite having the capability to generate over $100 billion in revenue.

Speaking at a seminar held at a local hotel in Karachi, organized in collaboration with the Directorate of Electronic Media and Publications (DEMP) of the Maritime Training Institute, in honor of World Maritime Day, Sarah Mooney said that Karachi is a city with immense maritime potential.

She highlighted that incorporating the Blue Economy into the national economy is crucial for a country like Pakistan. With a coastline of 1,001 kilometers, Pakistan is home to a diverse range of marine life, plants, and mineral resources.

She further mentioned that the SOLAS Convention is evidence of our continued commitment to maritime safety. This year's theme, "Navigating the Future: Safety First," reflects our collective efforts to enhance maritime safety.

Sarah Mooney also stated that the UK has some of the world’s leading maritime training facilities, including Warsash Maritime School and City of Glasgow College, which play a key role in producing top-tier maritime professionals and advancing our global safety standards.

She added that she would also like to congratulate Pakistan on ratifying the Hong Kong Convention on Ship Recycling.

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