The accident occurred near the remote coastal town of Kharo Chao, about 110 miles southeast of the port city of Karachi, said navy Lt. Cmdr. Salman Ali.
"Divers from the Pakistan navy are looking for the bodies, but so far we only know that about 60 people have drowned," he said. "Those who died included women and children."
Five people who managed to swim to shore notified authorities, said Mohammed Ali Shah, chairman of the Fisher Folk Forum.
Shah said there may have been as many as 80 people on board the overloaded ferry when it sank.
The victims were going to a remote coastal town to express their condolences to relatives of three people who died earlier this week in a separate boat incident, Shah said.
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