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LAHORE, Sep 07 (APP): Federal Tax Ombudsman (FTO) Coordinator Saif Ur Rehman has said that harnessing the vast potential of Pakistan’s blue economy requires extensive consultation, long-term planning, and close cooperation with strategic partners at national, regional, and global levels.
Talking at a seminar on “Blue Economy Future in Pakistan,” here on Sunday, he said the blue economy, encompassing the sustainable use of ocean resources for economic growth, improved livelihoods, and environmental health, offers Pakistan immense opportunities in fisheries, aquaculture, maritime transport, tourism, and renewable energy.
He underscored the need for forging partnerships with international organizations, coastal countries, research institutions, and private investors to benefit from global expertise and advanced technology. “No country can fully explore its maritime potential in isolation.
It is only through collaboration that we can ensure innovation, knowledge-sharing, and sustainable growth,” he remarked.
Saif Ur Rehman added that coordinated efforts, supported by foreign investment and technology transfer, would enable Pakistan to emerge as a strong player in the global blue economy, ultimately ensuring sustainable prosperity. He stressed that strengthening regulatory frameworks, improving governance, and fostering collaboration between provincial and federal institutions were key to enhancing the effectiveness of blue economy initiatives.
Highlighting Pakistan’s natural advantage, he noted that the country is blessed with a 1,000 kilometer long coastline and a strategic location along major international sea routes. However, he regretted that these maritime resources remain underutilized due to lack of awareness, policy gaps, and inadequate infrastructure.