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    Home - Business & Economy - Govt secures $3m GEF funding for fisheries reform
    Business & Economy

    Govt secures $3m GEF funding for fisheries reform

    Naveed AhmadBy Naveed AhmadFebruary 15, 2026Updated:February 15, 2026No Comments3 Mins Read
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    With the primary constructions of the 720MW Karot Hydropower Mission virtually full, steps are additionally being taken to guard the biodiversity by releasing fish trapped in small swimming pools or rocks. PHOTOS: EXPRESS


    ISLAMABAD:

    Pakistan has secured $3 million in funding from the World Setting Facility (GEF) to help marine biodiversity conservation and speed up a transition in direction of sustainable and regenerative fisheries administration, the federal minister for maritime affairs mentioned on Saturday.

    Based on an official assertion, Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry mentioned the undertaking, titled Conserving marine biodiversity by accelerating transition to sustainable and regenerative fisheries administration practices, will probably be carried out by the Ministry of Maritime Affairs.

    The proposal was developed by the Ministry of Maritime Affairs by means of the Ministry of Local weather Change and Environmental Coordination and aligns with nationwide priorities and worldwide environmental commitments. The undertaking was ready in session with related stakeholders, the minister mentioned.

    Of the entire funding permitted from the GEF Belief Fund, $1.2 million has been allotted for biodiversity-related interventions, whereas $1.8 million will probably be used to deal with land degradation linked to coastal and marine ecosystems.

    The GEF serves because the monetary mechanism for main multilateral environmental conventions, together with the UN Framework Conference on Local weather Change (UNFCCC) and the Conference on Organic Range (CBD), and helps initiatives associated to biodiversity, local weather change, worldwide waters, land degradation and chemical substances.

    Highlighting challenges going through the fisheries sector, the minister mentioned fisheries contribute round 1% to Pakistan’s gross home product however face mounting pressures from overfishing, excessive post-harvest losses and unlawful practices which are straining marine ecosystems.

    He mentioned Pakistan has 701 boats engaged in tuna fishing, most of that are artisanal, with some semi-industrial vessels. Unselective fishing strategies and insufficient onboard storage services lead to important waste and misplaced market alternatives.

    The minister mentioned Pakistan, regardless of being a member of the Indian Ocean Tuna Fee and a part of the G16 group of like-minded coastal states, continues to face challenges on account of unreliable knowledge, weak regulatory enforcement and greater than 70 unofficial touchdown websites. These components undermine efficient monitoring, management and policymaking.

    Based on the assertion, the programme goals to leverage political momentum for sectoral progress by means of improved knowledge assortment, coverage reforms, infrastructure growth, capability constructing, enhanced market entry and higher fisheries administration.

    The initiative builds on commitments together with decreasing fishing effort, declaring marine protected areas and slicing bycatch, whereas advancing traceability methods and sustainable fishing practices.

    Regardless of some progress, persistent points resembling overfishing, post-harvest losses and non-compliance require pressing motion. The minister mentioned the initiative seeks to deal with important gaps, modernise the fisheries sector, enhance fisherfolk livelihoods and improve Pakistan’s effectiveness in assembly worldwide obligations.”Addressing these will meet nationwide and international commitments, delivering environmental advantages,” he famous. “This recognises fisheries’ financial function and catalyses transformation for ecological integrity and socio-economic growth, aligned with coverage frameworks for max impression.”



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