President calls for regional peace to allow blue economy to prosper

Stresses that global peace rather than confrontation should lead our future

ISLAMABAD:

President Dr Arif Ali on Saturday emphasized the need for regional peace in order to allow the blue economy to prosper.

Addressing the inaugural session of the International Maritime Conference in Karachi, he stated that global peace rather than confrontation should lead the future.

The president said that Pakistan is developing into a geo-economic hub with the Belt and Road Initiative and the Pakistan-China Economic Corridor Project underway. He also said that the Gwadar Port in Pakistan, is the shortest trade route between the Central Asian States and China, to conduct import and export activities.

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"Security of the Indian Ocean is imperative for the countries lying within South Asia, as well as for mankind in general, and stressed hegemonic designs in any way will deter international cooperation," he underscored.

President Alvi called for peace and stability in the region, especially in Jammu and Kashmir.

He also reaffirmed the government’s commitment to the development of the maritime sector and expressed satisfaction that the Pakistani Navy was spearheading the development of the Blue Economy as well as carrying out two joint surveys in this regard.