Lahore:
The Punjab government has launched an expansive RS50 billion plan to upscale shrimp breeding throughout the province with the aim of transforming the sector into a larger contributor to the local economy and export earnings.
Key components in the initiative include the development of a model fish market in Lahore and three advanced shrimp value in the South Punjab’s Muzaffargarh district.
According to the Department of Fisheries, a 3,000-hectare shrimp agricultural site in Rakh Ali Wala, Muzaffargarh, will be set up with an initial investment of RS10 billion.
In addition, Value Chain Estates in the head Muhammad Wala, Rakh Ali Wala and Shahgarh will be developed at a total cost of RS40 billion. The Punjab government has earmarked RS3 billion in the upcoming tax budget to launch these projects.
Deputy Director of Fishing Tayyab Rizwan stated that the value chain property will be fully integrated, with hatcheries, feed mills and shrimp processing systems.
These facilities are not only expected to improve shrimp production, but also generate employment and stimulate seafood exports.
In Lahore, the government plans to construct a modern model fish market at an expected cost of RS10 billion.
The facility will include cold storage, value added units and a streamlined supply chain network to improve market access for fish and shrimp farmers. An initial budget distribution of RS848.6 million has been approved to begin with construction.
