Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) plans to tap the fisheries and mining potential of the Balochistan province to bring socioeconomic prosperity to its people. “Proper exploitation of these resources is important to improve the socioeconomic lot of people in the province,” PCJCCI President Moazzam Ghurki told WealthPK. He said the chamber was initiating business-to-business (B-to-B) meetings between the Chinese and Pakistani business communities to promote both the fisheries and mining sectors in Balochistan by attracting local and foreign investors. He said the role of the China-Pakistan Economic Corridor (CPEC), especially the extensively incentivised economic zones, was also vital for socioeconomic prosperity of the country, especially Balochistan. “It will bring enormous opportunities to the province, especially through Gwadar Port,” he said, adding that Pakistan, Uzbekistan and China had agreed to allocate dedicated spaces in Gwadar and Tashkent for establishing warehouses to transport goods to other countries in the region.  “PCJCCI is also interested in starting its own business/consultancy projects, especially related to the fisheries and minerals sector.”

Meanwhile, an official of the fisheries department in Jafarabad, Balochistan, told WealthPK that, on the condition of anonymity, both inland and marine fisheries and ancillary business segments needed promotion. “Connectivity through CPEC and special economic zones established here can also play a vital role in boosting this sector.” He said both inland and marine catch from Balochistan contributed 70% to 80% of the total seafood harvest in Pakistan. “Naseerabad division is considered the freshwater fish catch hub. Unfortunately, due to the unavailability of processing facilities and poor fish handling, 60% to 65% of the catch goes to waste. Obsolete fishing and handling methods, less connectivity, and a lack of processing units are still causing considerable fish catch waste.” The official said: “Tuna, a marine water catch from Balochistan, is taken to other countries at cheap rates and after value addition is returned to the Pakistani market at high rates. Establishment of aquatic food processing units in SEZs in Balochistan is necessary to make this sector more sustainable.” An official serving with a minerals development company in Balochistan told WealthPK that the potential of the mineral sector in the province was immense and needed to be tapped. He said PCJCCI could bring investment to this sector for socioeconomic prosperity of the region’s people.

Credit: Independent News Pakistan