An Insight into Pakistan’s Maritime Trade Comparing Maritime Neighborhood
An Insight into Pakistan’s Maritime Trade Comparing Maritime Neighborhood
Sajid Mehmood Shahzad
ABSTRACT
Pakistan’s economic and development strategy falls short compared to what is considered essential for any nation that multiplies. The federal government did not maximize the utilization of its land, sea, and air assets. The reason for this is the persistent issues with the trade and payments balance and inflation, unemployment, and program inconsistency. This is one area where the maritime sector has been a quarry for years. Contrary to the maritime transportation industry, fisheries are the only coastal resource used nowadays. The maritime sector of Pakistan’s economy is becoming less viable as rising maritime vulnerabilities lead to decreased commerce and taxes. Here we look at Pakistan’s maritime industry and see how it stacks up to those of its land and maritime neighbors, i.e., India, Iran, and maritime neighbor Oman.
Novelty Statement | This study is novel as it examines the present situation of marine commerce with maritime neighbors of Pakistan to assess if the persistent reduction in trade arises from a regional phenomenon or an individual issue.
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June 2023
Vol.38, Iss. 1, Pages 01-135
