Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Indonesia’s Aceh residents traumatised by flooding – ‘worse than the tsunami’

December 24, 2025

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

December 24, 2025

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025
Facebook X (Twitter) Instagram
Wednesday, December 24
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Pakistan announces multi-billion upgrade for Gaddani, new Green Ship Yard at Port Qasim – Business & Finance
Economist Intelligence

Pakistan announces multi-billion upgrade for Gaddani, new Green Ship Yard at Port Qasim – Business & Finance

adminBy adminNovember 6, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 35


Pakistan will establish its first Green Ship Repair and Recycling Yard at Port Qasim and invest Rs12 billion to modernise the Gaddani Ship Recycling Yard, marking.

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the development on Thursday, while speaking at the closing ceremony of the Pakistan International Maritime Exhibition and Conference 2025 (PIMEC), the flagship event of Pakistan Maritime Week, read a statement.

Announcing new initiatives, the minister said Pakistan’s first Green Ship Repair and Recycling Yard will be established at Port Qasim under the “Sea to Steel Integrated Maritime Industrial Complex,” which will also support the revival of Pakistan Steel Mills.

Moreover, a Rs12 billion investment is also underway to modernise the Gaddani Ship Recycling Yard in line with the Hong Kong Convention environmental standards.

The minister highlighted recent progress in the maritime sector, saying the Pakistan National Shipping Corporation (PNSC) fleet has expanded from 10 to 12 ships, with three more expected to arrive within two months.

“Tenders for 12 additional vessels are under process, with plans to expand the fleet to 30 ships by 2026 and 60 within three years,” he said.

The minister informed that the ministry has granted a license to the first-ever private company to operate ferry services.

He said the National Fisheries and Aquaculture Policy 2025–2035 has been finalised, targeting to double fisheries exports within a year. Whereas a Maritime Education Endowment Fund has been created, the Pakistan Marine Academy will be upgraded into a full-fledged Maritime University to train the next generation of seafarers.

Outlining his long-term vision, Chaudhry said Pakistan’s “Maritime Century (2047–2147)” will rest on five pillars including developing three new deep-sea ports, expanding the national shipping fleet, building AI-enabled Maritime Industrial Complexes for shipbuilding and recycling, producing “Made-in-Pakistan” ships, achieving 100% green digital ports with multimodal connectivity, and leading regional maritime cooperation for peace and shared prosperity.

“The sea is our next frontier for trade, prosperity, energy, food and climate resilience,” he said, adding that by 2047, Pakistan aims to emerge as a global blue economy hub driving sustainable growth across the North Arabian Sea and Indian Ocean.

Junaid Chaudhry emphasised Pakistan’s strategic location at the crossroads of South Asia, Central Asia, the Middle East and East Africa, calling it a natural maritime gateway for the region and added

“Under the prime minister’s guidance, the Ministry of Maritime Affairs is implementing the maritime vision, a $100 billion blue economy plan by Pakistan’s centenary in 2047,” he said.

Pakistan’s future “lies in the sea from Gwadar to the global ocean,” the minister added.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025
Economist Intelligence

Islamic banking must be reflected in practice: SBP – Business & Finance

December 24, 2025
Economist Intelligence

Solarisation in Pakistan: affordability remains binding constraint, says study – Pakistan

December 23, 2025
Economist Intelligence

PPL discovers gas reserves in Sindh – Markets

December 23, 2025
Economist Intelligence

Rupee inches up against US dollar – Markets

December 23, 2025
Economist Intelligence

What will it take for Pakistani firms to succeed in Saudi Arabia? – Business & Finance

December 23, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025

Islamic banking must be reflected in practice: SBP – Business & Finance

December 24, 2025

Solarisation in Pakistan: affordability remains binding constraint, says study – Pakistan

December 23, 2025

PPL discovers gas reserves in Sindh – Markets

December 23, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Indonesia’s Aceh residents traumatised by flooding – ‘worse than the tsunami’
  • Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth
  • PPL strikes new gas reserve in Kashmore – Business & Finance
  • Islamic banking must be reflected in practice: SBP – Business & Finance
  • China needs ‘original’ knowledge system on border history to counter West, scholar says

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Indonesia’s Aceh residents traumatised by flooding – ‘worse than the tsunami’

December 24, 2025

Hong Kong stocks rise as Wall Street rally boosts confidence in earnings growth

December 24, 2025

PPL strikes new gas reserve in Kashmore – Business & Finance

December 24, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • March 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.