Ahsan Iqbal announces establishment of Creative Industries, Blue Economy units

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Saturday announced establishment of dedicated units for Creative Industries and the Blue Economy within the Ministry of Planning and Development, unveiling a transformative step towards economic diversification and sustainable growth.

"These new units are part of the broader 5Es National Economic Transformation Plan, a comprehensive strategy aimed at driving Pakistan towards a resilient and prosperous future," stated a press release.

As per a news release, the Creative Industries unit will focus on harnessing the potential of Pakistan’s rich cultural heritage, vibrant arts, and innovative design sectors.

Iqbal said the initiative aimed to foster economic growth through the promotion of creative talents and the development of creative hubs that would support entrepreneurship, job creation and cultural exchange.

The minister said that the creative economy was a vital component of our national development strategy.

He said by investing in the creative industries, the government was not only preserving the cultural heritage but also creating new economic opportunities that would contribute significantly to country’s GDP and employment rates.

“Globally, the Creative Industries are one of the fastest-growing sectors of the world economy,” he said.

According to the United Nations Educational, Scientific and Cultural Organisation (Unesco), the creative economy generates $2.25 trillion annually and provides nearly 30 million jobs worldwide.

With more than 60% of Pakistan’s population under the age of 30, the country boasts a vast reservoir of youthful energy and creativity.

This young demographic presents a unique opportunity to drive innovation and entrepreneurship in the creative sectors, the press release said.

By providing the necessary infrastructure, training and support, the Creative Industries unit aims to unlock the potential of Pakistan’s youth, enabling them to contribute to the national economy and compete on a global stage, it added.

Meanwhile, the Blue Economy unit will concentrate on the sustainable utilisation of Pakistan’s vast maritime resources.

“This unit will work on developing policies and projects that enhance the sustainable use of ocean resources for economic growth, improved livelihoods, and the preservation of marine ecosystems.

“Key areas of focus will include fisheries, maritime tourism, marine biotechnology, and renewable ocean energy,” the media release said.

Iqbal said the Blue Economy held immense potential for Pakistan, given its extensive coastline and marine resources. He said through sustainable practices and innovative policies, the government aimed to unlock the economic potential of the country’s oceans while ensuring environmental protection and social inclusion.

“The Blue Economy is a rapidly expanding sector globally, with the World Bank estimating that it could generate $3 trillion annually by 2030. Pakistan’s coastline stretches over 1,046 kilometers, offering significant opportunities for the development of maritime industries.

The China-Pakistan Economic Corridor (CPEC) provides a substantial boost to Pakistan’s Blue Economy.

By enhancing port infrastructure, developing coastal tourism, and fostering maritime trade, CPEC creates new opportunities for economic development.

The strategic Gwadar Port, in particular, is set to become a hub of maritime activity, facilitating trade routes and attracting investment in maritime industries.

The Ministry of Planning and Development will soon launch detailed action plans for both units, outlining specific projects, timelines and expected outcomes.

Stakeholders from across Pakistan are encouraged to engage with these initiatives to maximise their impact and contribute to the nation’s economic transformation.