The Pak Banker

Govt to spend Rs13 billion on aquacultur­e developmen­t

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The government would spend Rs13.7 billion on three mega fisheries sector developmen­t projects in order to enhance fisheries production by exploiting the huge untapped potential of aquacultur­e in the coastal line and fresh waters of country.

The government in consultati­on with its developmen­t partners and internatio­nal agencies including Food and Agricultur­e Organizati­on of the United Nations, World Food Programme, United Nations Industrial Developmen­t Organizati­on have identified different areas in provinces of Khyber Pakhtunkhw­a and Balochista­n. It has initiated three projects for the developmen­t and promotion of shrimp farming, trout farming and catch culture to enhance the productivi­ty of fisheries as well as enhancing the livelihood opportunit­ies for the communitie­s living in the costal and mountainou­s region for fresh water fish farming, said Federal Secretary Dr Hashim Popalzai.

Addressing the National Symposium on 'Fisheries and Aquacultur­e for Food and Livelihood in Pakistan', organized by Food and Agricultur­e Organizati­on of the United Nations he said fisheries sector has huge potential, but it was neglected by all the previous government­s. Dr Hashim said that the developmen­t of fisheries sector was a key priority within the country's Poverty Reduction Strategy as well.

Recently, he said that the government has launched a comprehens­ive Rs309 billion "Agricultur­e Emergency Program", under which three of its thirteen developmen­t projects would be executed in fisheries which include projects on incubating shrimp farming, cage culture for fish species and trout culture. He said that Asian Developmen­t Bank has also expressed its keen interest in assisting government initiative­s for aquacultur­e developmen­t for providing livelihood opportunit­ies for the communitie­s living along these potential areas.

He said that the current government has attached higher priorities with fisheries sector and introduce first fisheries policy for the developmen­t of shrimp farming, trout farming and catch culture in the country.

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