Pakistan has received investment proposals worth six to nine billion dollars for major projects in the maritime sector.

According to Federal Minister for Maritime Affairs Junaid Anwar Chaudhry, the investment projects include the construction of cargo, LNG, oil and container terminals.

The Minister said given its strategic geographical importance, we will transform Pakistan into a permanent regional maritime hub rather than a temporary alternative.

Junaid Chaudhary said Pakistan earned approximately 396 million dollars from its maritime sector during the last fiscal year due to its geographical importance.

He said our objective is not merely to increase the maritime sector’s contribution to GDP, but also to make it a major source of foreign exchange, industrial development and employment.

The Minister said the government has set a target of increasing Pakistan’s maritime economy to 100 billion dollars by 2047.