A Paradigm for Harnessing Blue Economy of Pakistan: Collaboration with China in Perspective

Abstract

Pakistan being a bonafide maritime state is blessed with remarkable maritime assets yet the state is incapable of harboring fruitful results due to ineffective policies, poor infrastructure and insufficient investments. The CPEC project, which is an offshoot of BRI (Bed and Rock Initiative), has promising avenues in this regards as it would develop the port city of Gwadar – opening future horizons for the city to become an economic hub. While China has made massive investment of USD 62 billion so far for the development of port city, the policymakers of Pakistan need to devise effective and sustainable strategies to rebrand the region for garnering attention of potential businesses and trade. By unraveling the effective strategies, Pakistan can harness the true potential of its blue economic sector, paving a way to an economically successful future.