Pakistani, Chinese firms to invest $12 million in fishmeal plant at Gwadar Port

Pakistani, Chinese firms to invest $12 million in fishmeal plant at Gwadar Port
This photo, taken on January 14, 2025, shows a generic view of a newly developing area (bottom) and the downtown area seen from a hilltop in Pakistan’s coastal city of Gwadar, Balochistan. (AP/File)
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Updated 09 September 2025
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Pakistani, Chinese firms to invest $12 million in fishmeal plant at Gwadar Port

Pakistani, Chinese firms to invest $12 million in fishmeal plant at Gwadar Port
  • Pakistan has set a seafood export target of $600 million for the 2025–26 financial year
  • The venture will source fish from Arabian Sea to produce feed-grade fishmeal in China

ISLAMABAD: Pakistan’s TECNO Group and Chinese MAYCOM Group will invest $12 million to establish a joint fishmeal processing plant at Gwadar Port in Pakistan’s Balochistan province, Pakistani state media reported on Tuesday.

The agreement for the joint venture was signed during Prime Minister Shehbaz Sharif’s visit to Beijing last week, amid Islamabad’s efforts to boost seafood exports from the underdeveloped coastal regions in Pakistan.

Sharif’s six-day visit to China saw the signing of 21 memorandums of understanding and agreements worth $4.2 billion between the two countries to boost business-to-business cooperation across various sectors.

The fishmeal project will source sardines and other fresh fish from the Arabian Sea near Gwadar to produce feed-grade fishmeal and fish oil for aquaculture markets in southeastern China, the Associated Press of Pakistan (APP) news agency reported.

“Under the partnership, TECNO will hold a controlling stake in the joint venture, which also includes the third-party company, CYCLON, and will oversee local resource procurement and production in Pakistan,” the report read.

A fishmeal processing plant converts raw fish and trimmings into protein-rich fishmeal and fish oil, mainly used in animal feed for poultry and farmed fish.

MAYCOM will provide technology and oversee sales operations for the two-phase project, with the first phase requiring an initial investment of $4 million to produce an output of 15,000 tons, according to APP.

Pakistan has set a seafood export target of $600 million for the 2025–26 financial year. The country’s fisheries sector generated $465 million in earnings during FY 2024–25, according to government data, with China remaining the largest buyer.

The two groups also signed a procurement deal for 10,000 tons of Pakistani sesame seeds. They agreed to export peanuts, cottonseed and mineral products from Pakistan to China in return for Chinese solar panels, energy storage systems and new energy products.


Pakistan deputy PM says will soon table 27th constitutional amendment in parliament

Pakistan deputy PM says will soon table 27th constitutional amendment in parliament
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Pakistan deputy PM says will soon table 27th constitutional amendment in parliament

Pakistan deputy PM says will soon table 27th constitutional amendment in parliament
  • Key proposals include creating constitutional courts, removing protection for provinces’ share in federal resources, and returning education and population to center
  • Analysts say the Pakistan Peoples Party, a key coalition partner in the federal government that has voiced its opposition to the 27th amendment, has little choice but to back it

KARACHI: Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar said on Tuesday that the government will soon table the much-discussed 27th constitutional amendment in parliament, amid concerns that it could undermine provincial autonomy.

Constitutional amendments in Pakistan require a two-third majority in both houses of parliament and have historically been used to redefine the balance of power between the legislature, judiciary and provinces. The proposed 27th amendment follows the 26th amendment passed in October 2024, which empowered parliament to appoint the Supreme Court chief justice for a fixed term and created a panel of senior judges to hear constitutional cases, a move critics said weakened judicial independence.

Pakistan’s constitution, adopted in 1973, has been amended more than two dozen times, often reflecting the country’s shifting balance among civilian governments, the military and the judiciary. Provisions such as the National Finance

Commission (NFC) award, which governs how federal revenue is shared among provinces, are especially sensitive because they underpin Pakistan’s federal structure and provincial autonomy.

In a post on X on Monday, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari, a major coalition partner, said Prime Minister Shehbaz Sharif’s ruling Pakistan Muslim League-Nawaz (PML-N) had approached his party, seeking support in passing the amendment. He said the proposals included creating constitutional courts, restoring executive magistrates, amending Article 243, which defines the command and control of the armed forces, removing protection for provinces’ share in the NFC award and returning education and population planning to the federation.

“Of course, the government is bringing it and will bring it... the 27th amendment will arrive... We will try that it be tabled in accordance with principles, laws and the Constitution,” Dar said in the Senate, the upper house of parliament, adding that the draft amendment would undergo robust debate.

“The government does not have reservations on anything. It is not the case that the amendment is tabled and there is voting on it in a haphazard, ad hoc manner; this will not happen.”

The PPP, a key coalition partner in the federal government that has long claimed credit for spearheading the 18th amendment in 2010, considers it one of its signature democratic achievements. That amendment had significantly strengthened provincial autonomy, devolved several ministries and given provinces a larger share in national resources.

Senator Raza Rabbani, a senior PPP member and one of the architects of the 18th amendment, warned that any attempt to revisit the provincial autonomy will “cast deep shadows over the federation.”

He said the proposed amendment amounted to “a rollback of the 18th amendment” and could reignite divisive nationalist sentiments, arguing that reviving devolved ministries would place an unnecessary financial burden on the federal government that is already struggling to manage its fiscal affairs.

“If Islamabad cannot manage its finances, then let the provinces collect taxes and contribute to federal expenditures through the Council of Common Interests,” he said, cautioning that undoing fiscal devolution would be “counter to the principle of participatory federalism.”

PPP UNLIKELY TO ‘RESIST’ AMENDMENT

Political observers remain skeptical about the PPP’s ability to oppose the amendment.

Lahore-based analyst Salman Ghani said that while the party may protest publicly, it is unlikely to “resist” the amendment in parliament.

“This is happening with 100 percent consent,” he said, adding the PPP was not in a position to say “no” to the amendment which gives more powers to the center.

“During the 18th amendment, the PPP was strong and confident. Today, the balance of power is different. The center needs more resources, and the PPP is in no position to challenge it.”

Ghani believed that the amendment would pass easily in the National Assembly, the lower house of parliament, wherein the ruling PML-N already has the required numbers. “But in the Senate, the government, will need support from the Jamiat Ulema-e-Islam–Fazl,” he said. “In the end, the PPP will accept the bitter pill because they are part of this system and cannot afford confrontation.”

Fazil Jamili, a Karachi-based analyst, agreed with Ghani, saying that political parties were not in a position to “resist.”

Calling the proposal “detrimental to democracy,” Jamili said the 27th amendment, as outlined by Bhutto-Zardari, would “certainly roll back the 18th amendment” and erode provincial autonomy and public trust.

“Around the world, federal governments are devolving powers. We are doing the opposite,” he said. “That’s not healthy for democracy in the long run.”