Pakistan, July 27 -- Coordinator to the Federal Tax Ombudsman Saif ur Rehman on Sunday said Pakistan could earn nearly $5 billion in foreign exchange annually by exporting seafood through locally owned, modern vessels that meet international standards instead of relying on foreign shipping companies.

Talking to a delegation of exporters led by Amna Abdullah Chaudhry, he said Pakistan continues to export tuna and other seafood mainly in raw or semi-processed form, allowing importing countries to undertake processing, branding, and packaging before selling the products in premium international markets at much higher prices.

He said countries including those in the Gulf region, Thailand, and Vietnam import seafood from Pakistan, process it...