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Rs1.3 Billion Boost for Fishing Industry

PAKISTAN - The Sindh Government is to invest Rs 1.3 billion in 15 projects including shrimp and prawn farms to aid local fishermen.

Five schemes are already underway and are expected to be completed within the next three to five years according to Director Fisheries Sindh (Research and Development, Anwarul Islam.

He said the fishing industry had been neglected by the previous government while for the first time the present regime has initiated to upgrade the fishing sector and to encourage the local fishermen and also to provide them required facilities, The Nation reports.

Providing the details about the projects he said that, the provincial government is financing in thirteen schemes while the federal government is providing financial assistance in one project - Master Plan development Aquaculture and Shrimp Farming Project - at a cost of Rs 2.00 billion.

The other community development project is being carried out by the Sindh Costal Development Authority (SCDA) in the collaboration with Asian Development Bank (ADB).

The projects include a housing scheme for fishermen costing Rs 481.825 million aw well as a state-of-the-art supply of drinking water and other basic civic facilities.

View the Nation story by clicking here.