Pakistan at ideal geo-strategic location to benefit from maritime economy: Navy chief

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Pakistan at ideal geo-strategic location to benefit from maritime economy: Navy chief

On the invitation of President Korangi Association of Trade and Industry (KATI), Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited KATI’s Head Office on Wednesday.

The visit was aimed to educate the business community regarding the country’s the potential of the blue economy and to encourage them to play their role in the development of the maritime sector.

While addressing the representatives of the business community, Chief of the Naval Staff highlighted the role of economic security in overall security construct of the country. He emphasized that a robust and strong national economy is a fundamental driver for national security.

He said Pakistan is a big country and a nuclear power and it should get its mettle acknowledged. He said Pakistan Navy also plays an important role in peacetime.

While underscoring the strategic importance of the oceans and the maritime domain for progress and prosperity of the nations, he said that our geostrategic location, at the cross-road of world energy routes, offers us a unique opportunity to achieve economic affluence by initiating economic activities in the maritime domain.

Pakistan has huge maritime potentials and there is a dire need to explore and tap these resources by boosting local industry and creating opportunities of undertaking joint ventures, he added.

While highlighting the importance of China Pakistan Economic Corridor (CPEC), the Naval chief said that it will act as a catalyst to boost Pakistan’s economy. He ruled out any threat of Tsunami to Gwadar.

KATI President Tariq Malik lauded the role and efforts of Pakistan Navy (PN) in making Sea Lanes of Communication safe and defence of sea frontier. He further acknowledged PN’s initiatives to enhance maritime awareness in the country.

On this occasion, Maritime Policy and Research director also briefed the members of KATI regarding the role and functions of PN. The presentation also focused on potential and opportunities to develop national economy through the maritime sector.

Courtesy: Pakistan Today

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