Maritime Trade and Pakistan’s Merchant Marines
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 6, Pages 99-107
AbstractBeing a maritime country, Pakistan is facing challenges and difficulties to take advantage of
the resources of the ocean effectively. In the past, there is no strong footing and attentions have
given to the maritime industry. Whereas the ocean trade has might become the backbone of
Pakistan's economy. The Private and government shipping companies and the Maritime
industry can boost the economic process of Pakistan. It is a need of time to pay attention to
effective maritime policies and built the infrastructure for direct foreign investment. 80 % of
Pakistan's trade volume is done through the ocean and a major part of this trade is through
international shipping companies. New shipping business policies must be business-friendly.
Provide opportunities to the Private and Public sectors both to explore the offshore resources.
Provide facilitation to the tourism and hotel industry on the seashore can play a significant role
in the maritime industry.
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