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Why Pakistan's fisheries are underperforming by Amin Ahmed March 11,2019   |  Source: Dawn

Aquaculture is one of the fastest-growing food sectors worldwide. Global demand for fish products has been growing at more than nine per cent a year. But in Pakistan, aquaculture — centred in Sindh — is dominated by low-value, low-productivity carp production while marine and coastal aquaculture, such as shrimp farming, is almost nonexistent.

Comparisons with neighbouring countries indicate the underperformance of aquaculture: it’s growing at 1.5pc annually as opposed to 6.8pc and 9.5pc in India and Bangladesh, respectively.

The sector is growing slowly in Sindh because of constraints on private-sector investment, which exist despite the availability of global trade opportunities and favourable agro-climatic conditions. Slow growth is a product of private-sector uncertainty due to the lack of a sector-specific strategy, spatial planning and bio-security and value-chain constraints.

As the marine fisheries sector, centred in Sindh, is in decline due to over-fishing, a project to transform and revitalise the fisheries sector in the province is on the anvil with the support of the World Bank.

The fisheries sector project is now under active consideration of the World Bank. It is expected that the bank’s executive board will approve a soft loan of $150 million

 

© 2019, DAWN

Theme(s): Fisheries Development and Aquaculture.

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