He said that the government would move in this direction at a very fast pace, and added: "Together, we will ensure that Pakistan becomes a leading shipbuilding country in the region, in line with its true potential and ideal location". He was speaking here on Monday at the launching ceremony of Stus No 1--first small 'Tanker-cum-Utility' ship, being built by Karachi Shipyard and Engineering Works (KSEW) for Pakistan Navy. Federal Minister for Defence Production Abdul Qayyum Jatoi, Naval Chief Admiral Noman Bashir, Sindh Governor Ishrat-ul Ibad Khan, Chief Minister Qaim Ali Shah and high officials of Pakistan Navy and KSEW were also present on this occasion. The Prime Minister said that the shipbuilding is an industry which can act as a catalyst for overall industrial development, leading to economic development, large-scale employment generation and poverty alleviation. "This is a labour-intensive industry, and is best suited for developing countries like Pakistan," he added. He said that Pakistan has a great commercially strategic location at the mouth of the Persian Gulf and abundance of hardworking manpower, best suited for shipbuilding industry.
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