Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday announced the establishment of a state-of-the-art Aquaculture Park at Korangi Fish Harbour (KoFHAH), Karachi, at an estimated cost of Rs3 billion.
The minister announced while chairing a high-level meeting on the development of the blue economy, attended by Chairman Gwadar Port Authority (GPA) Noorul Haq Baloch, representatives from Korangi Fish Harbour Authority (KoFHAH), the Marine Fisheries Department (MFD), and the Balochistan Chamber of Commerce and Industry, said a press release.
The estimated annual production of the 120-acre aquaculture park ranges from 360 to 1,200 tonnes, depending on the species cultivated and the farming system employed.
Its annual revenue potential is projected to be between $720,000 and $7.2 million, influenced by species selection, market prices, and production intensity.
The minister said the project, covering 120 acres, should be developed under a public-private partnership framework, aiming to boost the country’s blue economy through sustainable aquaculture.
