Policy Insights to Maritime Economy in Pakistan

Afrasiyab Gul, Vice Admiral (R) Khawar Ali Shah

Abstract


The term “Blue Economy” originated in 2012 from the Rio+20
Conference of the United Nations on Sustainable Development and Growth.
Given the vastness of oceanic resources, the blue economy has been
touted as the panacea for all economic woes of less developed coastal
countries. It basically refers to leveraging the coastal and marine
resources for economic benefits, emphasising sustainable economic growth
and environmental conservation. United Nations 2030 Agenda for
Sustainable development directly linked sustainable economic growth and
Blue Economy via SDG 14. World Bank defines Blue Economy as:
“Sustainable use of ocean resources for economic growth, improved
livelihoods, and jobs while preserving the health of ocean ecosystem.”
Due to its international obligations for SDGs, Pakistan has integrated
SDGs into its domestic development agenda, which implies that Pakistan
is cognizant of the blue potential.

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DOI: https://doi.org/10.30541/v60i3pp.373-384%20

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