LAHORE: The China-Pakistan Economic Corridor (CPEC) has the potential to significantly bolster the blue economy and drive regional economic changes, according to Adeel Munawar, Commercial Ambassador of the Pakistan China Joint Chamber of Commerce and Industry (PCJCCI). Speaking at a think tank session at the PCJCCI Secretariat, Munawar underscored the importance of maritime stability and regional peace as essential for the growth of the blue economy.

According to Pakistan China Joint Chamber of Commerce and Industry, Munawar emphasized that the Belt and Road Initiative's flagship project, CPEC, is poised to facilitate sustainable development. He highlighted Pakistan's efforts to advance initiatives in the blue economy, aiming to create economic opportunities and ensure the sustainable management of marine resources while maintaining coastal and marine ecosystems.

Munawar pointed out that Pakistan provides the shortest trade route for China and Central Asian Republics through Gwadar Port, reinforcing regional connectivity. He also mentioned the untapped hydrocarbon reserves in Pakistan's Indus Delta region as promising prospects for investment and energy security.

A joint expedition by the Pakistan Navy's Hydrographical Department and the China Geological Survey in 2019 identified substantial oil and gas reserves in the Indus Delta region. Munawar noted that an upcoming survey could pave the way for future drilling and extraction of these resources.

He also highlighted the strategic importance of oceans and coastal resources, noting the biodiversity and mineral wealth along Pakistan's coastal belt. The region's continental shelf contains minerals like magnesium, cobalt, and nickel, with significant gas hydrate reserves that could support energy and economic growth.