Economic security is the key to national security: Navy Chief

Economic security is the key to national security: Navy Chief

ISLAMABAD - On the invite of Korangi Association of Trade and Industry (KATI) president, Chief of the Naval Staff Admiral Zafar Mahmood Abbasi visited Association Head Office at Karachi.

The visit was aimed to apprise the business community regarding country’s blue economic potentials and to encourage them to play their role in development of the maritime sector. While addressing the representatives of business community, Admiral Abbasi highlighted the role of economic security in overall security construct of the country. He emphasized that robust and strong national economy is a fundamental driver for national security.

While underscoring the strategic importance of the oceans and maritime domain for progress and prosperity of the nations, the Naval chief said that our geo-strategic location, at the cross-road of world energy routes offers us a unique opportunity to achieve economic affluence by initiating economic activities in maritime domain.

“Pakistan’s navy has huge potential and there is a dire need to explore and tap these resources by boosting local industry and creating opportunities to undertake joint ventures,” he added. While highlighting the importance of China Pakistan Economic Corridor (CPEC), the Naval Chief said that it will act as a catalyst to boost Pakistan’s economy. KATI President Tariq lauded the role and efforts of Pakistan Navy in making Sea Lanes of Communication safe and defense of sea frontier.

He further acknowledged Pakistan Navy’s initiatives to enhance maritime awareness. He specifically praised the navy’s efforts in undertaking socio-economic projects which include establishment of schools/colleges, hospitals, job opportunities for local populace etc in the coastal areas of Pakistan. He assured requisite participation of business community in development of country's maritime sector.

On this occasion, Maritime Policy and Research director also briefed the members of KATI regarding the role and functions of Pakistan Navy. The presentation also focused on potential and opportunities to develop national economy through maritime sector.