Pakistani Seafood Exports Hit Highest Ever Volume in FY25 but Short of Target Revenue
Pakistan’s seafood exports achieved a record volume of 216,350 metric tons in fiscal year 2024–25, as per the statistics provided by the Federal Bureau of Statistics. Yet, the combined export value was $465.4 million, which fell short of the target of $500 million.
This total is still a value increase of 11.44% over last year. Although export volume increased dramatically, the revenue did not increase as significantly. This indicates a difference between the level of seafood that is being exported and its value per unit.
The then-thriving shrimp industry in Pakistan has weakened over time. Today, seafood exports from the country primarily consist of cuttlefish, squid, and octopus. Experts confirm that the fish stock in Pakistani waters is decreasing, which indicates the necessity for improved management of marine resources.
The Marine Fisheries Department and United Nations Food and Agriculture Organization (FAO) reports advise immediate action. They indicate that international standards should be adopted in constructing new fish processing facilities. They also advise collaborating with international partners such as the European Commission, Saudi Arabia, and the USA to secure export licenses and enhance market access.
Muhammad Moazzam Khan, who is the ex-Director General of the Marine Fisheries Department, had welcomed the increase but added that the target of $500 million continues to be elusive. He cited the government’s new initiatives to enhance exports, including:
- Shrimp farming schemes in Sindh and Balochistan
- Technical assistance with Iran for shrimp hatcheries
- Ban on the use of trash fish for producing fishmeal
Pakistan’s seafood exports have experienced both highs and lows but have experienced robust growth since 2001. The FY25 performance is a positive indication with satisfactory volume, but a marginally lower average price of $2.15 per kg impacted the overall earnings.
Despite this reduced price, Pakistan’s seafood is competitive in international markets, and the sector has the potential to grow in the future with appropriate reforms and international collaboration.
