UNVEILING THE MARITIME OPPORTUNITIES: ANALYSING THE BLUE ECONOMY POTENTIAL WITHIN THE FRAMEWORK OF THE CHINA-PAKISTAN ECONOMIC CORRIDOR

Abstract

Earth is called "the blue planet "because 70% surface consists of water. The ocean is vital to the world's economy approximately 3.5 billion people depend on the ocean for the sustenance of their lives and livelihoods. Having about 1,050 km long coastline and the Exclusive Economic Zone covering about 240,000 sq. km. Pakistan is a key maritime country in the Indian Ocean. Pakistan has immense potential in the blue economy the only possibility for Pakistan to sustain its deteriorating economy is to focus on the growth of its blue economy. In this connection, the China-Pakistan Economic Corridor (CPEC) not only boosts the traditional economy of Pakistan but also can play a vital role in the growth of the blue economy. This study explores the potential of the blue economy for Pakistan from the perspective of the China-Pakistan Economic Corridor. The nature of the research is qualitative and the case study method is applied to the present study. Descriptive and exploratory approaches are applied to discover the answers to the research questions and analysis of this study will help to find out many possible findings of the Potential of the Blue economy of Pakistan in perspective of the CPEC.