TRADE & ECONOMY
The Ministry of Maritime Affairs has announced plans to establish a world-class shipyard at Port Qasim, in partnership with a Chinese company — a move aimed at boosting Pakistan’s maritime capabilities and industrial infrastructure.
According to Geo News, Federal Minister for Maritime Affairs Junaid Anwar Chaudhry stated that the government has decided to provide a ready-made jetty at Port Qasim to the Chinese firm for the construction of the shipyard.
The project is expected to significantly enhance Pakistan’s shipbuilding capacity. “Port Qasim will have the capability to build six ships annually,” Minister Chaudhry said, adding that Pakistan will pay for the ship construction in rupees, helping to minimize foreign exchange dependency and support the local economy.
The minister also revealed that the government is in the process of identifying a site for a second shipyard, signaling long-term plans to expand Pakistan’s maritime industrial base.
The initiative marks a major step toward strengthening Pakistan’s maritime sector, promoting local employment, and increasing the country’s shipbuilding and repair capacity — areas that have long been underdeveloped.
The partnership with China aligns with broader cooperation under the China-Pakistan Economic Corridor (CPEC) framework, emphasizing industrial development, port infrastructure, and regional connectivity.
Experts believe that the establishment of a modern shipyard could reduce Pakistan’s reliance on foreign facilities for ship maintenance and construction while opening new avenues for exports and regional trade support.