Pakistani and Chinese companies have entered a 12 million dollar deal. The transaction is to be at a fishmeal facility in Gwadar. It is not some other investment. It is an indication of confidence in the blue economy of Pakistan. Gwadar is emerging as an industrial center.
Boost for Fisheries
Pakistan has a long coastline. But its fisheries are inadequately developed. The new plant will transform the game. Fishmeal is an important product in the international environment. It is found in farm animals and fish feed. Exploiting reefs locally, Pakistan will be able to add value to its marine wealth.
The agreement would generate new employment. Proficient and unskilled employees will benefit. It will also form a chain of support industries in the plant. There will be increased transportation, storage and packaging. This will assist the local economy. For Gwadar every job matters.
Chinese Trust in Gwadar
Gwadar has been reinvented as a place of faith by China. The investment is part of the extended Belt and Road vision. It intensifies the economic relations with Pakistan as well. Credibility is gained through trust on the part of foreign partners. It provides the world with the assurance that Gwadar is business friendly.
Strategic Value of the Plant
The plant is not merely business. It is food security and exports. The world is increasing its demand for fishmeal. Through this facility, Pakistan would be able to become a supplier. Earnings made on exports will be raised. They will not rely on raw exports.
Relief for Fishermen
Local fishermen will be benefited. Their catch will have improved prices. They can also sell to the plant instead of raw sale. This brings their earnings stability. It also facilitates sustainable fishing. A better market is a risk free market.
There are concerns too. Fishmeal plants are capable of pollution. The waste should be controlled. Ecological screening must be implemented by the authorities. The sea can be growing at an expense. The future is only in sustainability.
The acquisition is in a larger scheme. Gwadar is becoming an emerging trade and industrial hub. Its future is being formed by ports, roads and plants. This project puts another piece to the puzzle. The growth is gradual and gradual.
Symbol of Cooperation
This treaty is an emblem of collaboration. China and Pakistan are still operating in unison. It is more than economics. It is a partnership and common development. Mutual trust is a benefit in both directions.
The fishmeal plant is a modest facility costing 12 million dollars that has a giant purpose. It will increase employment, exports and confidence. It demonstrates that Gwadar is not a port only. It is a new center of prospects. In the case of Pakistan, this is an opportunity to make blue waters gold.
