President Arif Alvi has emphasized the need for regional peace to allow the blue economy to prosper, saying it can stabilize Pakistan, reported 24NewsHD TV channel.

Addressing the inaugural session of the International Maritime Conference in Karachi on Saturday, President Alvi said global peace rather than confrontation should be our future. He said Pakistan whilst ensuring its defence desires to attract the world towards morality-based international cooperation.

https://www.youtube.com/watch?v=mR9cYQoiQR4

Alvi said Pakistan is becoming a geo-economic hub with the Belt and Road Initiative and China Pakistan Economic Corridor project. He said Pakistan is the shortest route for the Central Asian states and China to import and export their goods through Gwadar.

The President said the security of the Indian Ocean is essential for mankind in general and especially for the countries of this region. He said hegemonic designs in any way will deter international cooperation.

He called for the solution of conflicts especially Jammu and Kashmir for peace and stability in the region.

The President reaffirmed the government’s commitment to the development of the maritime sector. He expressed satisfaction that the Pakistan Navy is spearheading the development of the blue economy and that two joint surveys have also been done in this regard.