Blue Economy: Initiative for fishermen community launched

ISLAMABAD - Ministry of Maritime Affairs in collaboration with Bank of Punjab and Kamyab Jawan Programme has launched a major initiative for fishermen community in line with Prime Minister Imran Khan‘s vision of Blue Economy.

According to official sources, booths have been set up at Korangi Fish Harbour and Marine Fisheries Department being jointly managed by staff from the Maritime Ministry and the Bank of Punjab to facilitate fishermen seeking to avail financing for trawlers or working capital to buy or upgrade their vessels.

The move comes in the wake of ‘Blue Economy’ policy recently unveiled by the incumbent government largely aiming at attracting foreign investment not only in the ports and shipping sector but also promote costal development.

The policy also aims at promoting marine fishery resources which significantly contributes in country’s foreign exchange earnings through exports. For this purpose the government has launched a tailor made programme to help uplift the fishermen by offering them soft loans.

Source: https://nation.com.pk/06-Dec-2020/blue-economy-initiative-for-fishermen-community-launched