Pakistan has received authorisation to extend the export of seafood products to the United States for another four years, Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Saturday.<\/p>\n
Pakistan\u2019s seafood exports rose to $465 million in FY25, reflecting a 13.4 per cent increase in value and an 8pc growth in quantity compared to last year, according to data released by the Pakistan Bureau of Statistics (PBS) in July.<\/p>\n
According to a press release by the maritime ministry, the US National Oceanic and Atmospheric Administration (NOAA) classified all Pakistani fisheries listed on its List of Foreign Fisheries as \u201ccomparable\u201d under the Marine Mammal Protection Act (MMPA).<\/p>\n
\u201cThis classification confirms that Pakistan\u2019s fisheries meet US standards for protecting marine mammals from incidental mortality and serious injury during fishing operations,\u201d Chaudhry was quoted as saying.<\/p>\n
The MMPA required fisheries to \u201cminimise marine mammal bycatch, adopt conservation practices, and sustainably operate measures\u201d for supporting healthier marine ecosystems, the press release read.<\/p>\n
\u201cThe decision reflects international recognition of the quality of Pakistan\u2019s seafood and will provide long-term stability to the sector,\u201d the minister said.<\/p>\n
\u201cThe extension is expected to bolster our position in the global seafood market, securing access to one of the world\u2019s largest seafood importers,\u201d he added.<\/p>\n
The maritime ministry further said that the current seafood earnings were about $2 per kilogramme in the global market, noting that \u201cwith this international endorsement of compliance, the price is projected to rise, potentially opening new markets in Europe and the Gulf.\u201d<\/p>\n
It stated that Pakistan exported 242,484 metric tons of seafood products worth $489.2 million at an average of $2 per kilogramme. \u201cThe same export volume next year could generate nearly $600 million.\u201d<\/p>\n
Chaudhry called the successful submission of a comprehensive compliance dossier to NOAA \u201ca critical milestone\u201d. \u201cThis acceptance validates Pakistan\u2019s ongoing efforts to regulate its commercial fisheries, uphold sustainable fishing practices, and align with international environmental standards,\u201d he added.<\/p>\n
The minister highlighted that the approval was \u201cvital\u201d to protect multi-million-dollar seafood exports to the US market and enhance the country\u2019s reputation for responsible and sustainable fisheries management. Chaudhry also emphasised \u201cstrengthening protective measures for marine mammal populations\u201d to ensure the long-term health of marine biodiversity.<\/p>\n
Earlier this month, the Ministry of Commerce noted that Pakistan\u2019s exporters were poised to gain a significant competitive advantage in the US market after the government successfully negotiated a reduction in reciprocal tariffs \u2014 from 29pc to 19pc \u2014 the lowest rate in the region.<\/p>\n
Commerce Minister Jam Kamal had said the revised tariff structure presents a timely opportunity to boost exports and appreciated the coordinated efforts of the government\u2019s economic team, along with private sector support, in achieving this milestone.<\/p>\n","protected":false},"excerpt":{"rendered":"
Pakistan has received authorisation to extend the export of seafood products to the United States for another four years, Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced on Saturday. Pakistan\u2019s seafood exports rose to $465 million in FY25, reflecting a 13.4 per cent increase in value and an 8pc growth in quantity compared to […]<\/p>\n","protected":false},"author":1,"featured_media":11651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/11650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11650"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/11650\/revisions"}],"predecessor-version":[{"id":11652,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/11650\/revisions\/11652"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/11651"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}