“In a groundbreaking move, Minister Ahsan Iqbal has announced the establishment of dedicated units for Creative Industries and the Blue Economy, set to revolutionize Pakistan’s economic landscape. These units, operating under the Ministry of Planning and Development, will harness the nation’s cultural heritage, artistic innovation, and vast maritime resources to drive sustainable growth and diversification.
The Creative Industries unit will unlock the potential of Pakistan’s vibrant arts sector, fostering entrepreneurship, job creation, and cultural exchange. With the global creative economy generating a staggering $2.25 trillion annually, this initiative is poised to significantly contribute to Pakistan’s GDP and employment rates.
Meanwhile, the Blue Economy unit will capitalize on Pakistan’s extensive coastline, developing sustainable policies and projects that promote economic growth, improved livelihoods, and environmental preservation. This sector has the potential to generate $3 trillion annually by 2030, making it a vital component of Pakistan’s economic future.
These units align with the 5Es National Economic Transformation Plan, emphasizing export promotion, environmental protection, energy development, education, and employment. By integrating creative and blue economies, the government aims to create a resilient and diversified economic base, capable of withstanding global economic shifts.
Minister Iqbal has pledged multi-stakeholder engagement, partnering with private sector entities, academia, and international organizations to drive innovation and investment. The Ministry of Planning and Development will soon launch detailed action plans, outlining specific projects and expected outcomes.
This transformative initiative has the potential to propel Pakistan towards a prosperous future, and stakeholders from across the nation are encouraged to engage and contribute to this economic revolution.”
