ISLAMABAD An International Maritime Symposium with the theme of “Impact ofBelt and Road Initiative on Geo-Economics of Indian Ocean Region” isunderway in Islamabad, reported by Radio Pakistanlink>.
Prime Minister Shahid Khaqan Abbasi is chief guest on the occasion.
In his welcome address, Chief of Naval Staff Admiral Zafar Mahmood Abbasisaid despite numerous challenges, Pakistan Navy has formulated a robuststrategy to safeguard national maritime interests.
The Naval Chief said the Prime Minister has approved setting up of a modernshipyard at Gwadar which would contribute significantly to Pakistan’seconomy.
He said the Government is fully alive to Pakistan Navy’s needs andproviding essential support in meeting the emerging security imperatives.
The Ministry of Ports and Shipping has been renamed as Ministry of MaritimeAffairs to broaden its scope.
Admiral Zafar Mahmood Abbasi expressed the confidence that BRI and CPECwould help realize the goal of shared prosperity of the region.