Towards Building Blue Life Science Economy

Abstract

The overexploitation and lack of land resources have compelled marine governments to rely on the oceans for economic prosperity. The term for this notion is "the blue economy." As a case study, the subject research focuses on the significance of changing from a green economy to a blue economy while stressing Pakistan's blue economy's potential and problems. Pakistan has failed to maximize the use of its abundant resources. Due to several obstacles confronted by Pakistan, the blue economy's resources are not being harnessed, as indicated by the data gathered throughout this topic study. This is a fallacy; in reality, these obstacles are already being overcome. The underlying reason these resources are not being utilized is a lack of will at all levels. Lack of nautical expertise and the capacity to see the sea, or "sea blindness," is seen to be the biggest obstacle to the development of Pakistan's marine industry. Islamic nations must agree on a plan to move from the Green Economy to the Blue Economy so that musharka, ijar, and sukuk can be used to meet future needs.                                      

Keywords: Pakistan; Blue economy