Seafood sector shows negative growth

STAFF REPORT KHI: The seafood production has registered a negative growth last fiscal as its performance was dropped by 24 per cent, as target was set at 0.73 million tons in 2012-13 in Pakistan. Seafood industry experts said that around 0.26 million ton of inland and 0.47 tons of marine fish production is estimated during the year 2012-13 to fulfil the domestic consumption as well as to export. Efforts are, however, being made to convince European countries to resume buying while improving quality standards set by the EU importers, observed Punjab Fisheries Department DG M. Ashraf. He said that despite a ban by European Union on import of Pakistani fish and fish-related products, the export of seafood is picking up as the local industry makes inroads in new markets. If the EU allows import of Pakistani seafood, export earnings could cross $350 million as some varieties of shrimp did not get a good price in other markets compared to the European Union, the DG Fisheries claimed.

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