The Maritime Minister, Muhammad Junaid Anwar Chaudhry, shared on Friday that Gwadar Port has the potential to achieve over $850 million in annual exports through consistent investment, strategic policies, and infrastructure improvements, according to a press release by the Ministry of Maritime Affairs (MoMA).
Strategically located near the Strait of Hormuz in Balochistan, the deep-sea Gwadar Port is positioned to be a game-changer for Pakistan’s economy. It aims to enhance regional trade, attract foreign investment, and create significant job opportunities.
Speaking at a high-level meeting on operationalizing Gwadar Port, Minister Chaudhry emphasized the $850 million potential, notably in value-added fisheries and date exports. Officials from MoMA and various governmental agencies, including the Gwadar Port Authority, commerce, industries, and communication ministries, were in attendance to discuss comprehensive strategies for economic growth.
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Highlighting the economic drivers of the region, Minister Chaudhry noted Gwadar’s vast fish resources and the importance of local value addition. Currently, 34 fish processing units in Balochistan are operational but face technological challenges. “Transforming these facilities with upgraded technology for packaging and processing before exporting is critical to elevating the industry,” Chaudhry said.
Balochistan’s coastline constitutes over 76% of Pakistan’s total coastal length, with an estimated fish catch potential of 300,000 tonnes annually. However, due to limited capacity and outdated technology, current output remains at nearly half its potential. Proper value addition is predicted to unlock $645 million in annual revenue.
Similarly, the Panjgur and Turbat (Kech) districts produce over 225,000 tonnes of dates annually, making up more than half of Pakistan’s total output. With improved packaging and export processes, this market could generate an added $200-$205 million yearly.
To improve connectivity and facilitate business activities, the minister announced an increase in weekly Pakistan International Airlines (PIA) flights to Gwadar. Plans include two weekly flights between Gwadar and Karachi and one to Islamabad, with considerations for introducing chartered flights for business investors.
Earlier, MoMA introduced a strategy to boost Gwadar’s operational capacity, including the launch of new shipping lines and ferry services connecting Pakistan to GCC countries. Commenting on these initiatives, Chaudhry reiterated, “Our goal is to transform Gwadar into a transshipment and logistics hub benefiting both Pakistan and the region.”
Gwadar’s promising economic potential highlights an essential investment opportunity. Empowering local industries and enhancing infrastructure will solidify its role as a significant player in regional trade and economic progress.
