KARACHI: The business community expects the country’s overall exports to reach $27 billion during the current fiscal year because of the reforms introduced by the present government, according to a statement, quoting United Business Group Patron S M Muneer as saying, on Saturday.
He was speaking at the inaugural ceremony of the International Maritime Seaboard Exhibition at the Federation House. The event, organised by the E-commerce Gateway, is scheduled to start from March 5, 2019.
Talking about maritime industry, Muneer said that Pakistan was only earning $500 million from its maritime sector, adding that the businessmen can enhance this amount to $2 billion with the support of the government.
FPCCI President Daroo Khan said that the chamber would support the government strengthen economy and called for reactivating Marine Investment Board for the development of the coast and marine tourism. He stressed for adopting modern technology to develop seafood industry and enhance exports.
FPCCI Senior Vice President Mirza Ikhtiar Baig said that conventional ways of fishing and nets needed to be replaced with the modern techniques as adopted by the rest of world.
The exhibition would serve as a catalyst in the development and promotion of Pakistan’s maritime industry, he added.
Former FPCCI president and UBG leader Khalid Tawab urged the federal government to play its due role in the development of shipping industry and reviving Pakistan National Shipping Corporation (PNSC).
He underlined the need of fishermen training, improvement of storage system and upgradation of auction halls on international standards.
Former Commander Pakistan Fleet Rear Admiral Arifullah Hussaini (Retd) encouraged the business community to share their vision regarding the development of shipping and fishing sector.
Pakistan and Arabian Sea are the strategic axis of the world, and in this backdrop, the country needed to focus on blue economy, ie, developing maritime resources on modern lines, he added.