Karachi (August 09, 2018): Chief of Naval Staff (CNS) Admiral Zafar Mahmood Abbasi on Wednesday visited Korangi Association of Trade and Industry (KATI) in Karachi to apprise business community regarding country’s blue economic potentials and to encourage them to play their role in the development of maritime sector.
The naval chief was invited by KATI president, a press release issued here by Directorate of Public Relations of Pakistan Navy Wednesday said.Addressing the representatives of business community, the chief of the naval staff highlighted the role of economic security in overall security construct of the country.
He said robust and strong national economy was a fundamental driver for national security. Underscoring the strategic importance of the oceans and the maritime domain for progress and prosperity of the nations, he said our geostrategic location, at the cross-road of world energy routes offers us a unique opportunity to achieve economic affluence by initiating economic activities in maritime domain.Pakistan has huge maritime potentials and there is a dire need to explore and tap these resources by boosting local industry and creating opportunities of undertaking joint ventures, he added.
Highlighting the importance of China Pakistan Economic Corridor, the naval chief said it would act as a catalyst to boost Pakistan’s economy.
KATI president, Tariq lauded the role and efforts of Pakistan Navy in making Sea Lanes of Communication safe and defence of sea frontier.