The Korangi Fisheries Harbour Authority (KoFHA) was established under Ordinance No. XVI of 1982 for making all arrangements for the planning, construction, operation, management and maintenance of Korangi Fisheries Harbour for exploiting fisheries resources beyond Territorial Waters(TTW); The construction work of Korangi Fisheries Harbour was completed in 1998 at a cost of Rs 938.0 million including foreign exchange of Rs 644.0 million (US$ 26.121 million) financed by Asian Development Bank. Administrative control of the Authority after devolution of Ministry of Livestock & Dairy Development was transferred to Ministry of Maritime Affairs, in May, 2011