Pakistan has potential to lead global halal trade
Government should formulate favorable policies for livestock sector which has 55.9 % and 11.8 % share in agriculture and GDP respectively. Because livestock is important part of agriculture of Pakistan and can pitch potential to get huge share in the international halal trade of over $ 300 billion.
LCCI President Malik Tahir Javaid leading Punjab Agriculture and Meat Company’s (PAMCO) advanced slaughterhouse, and PAMCO Chairman Mumtaz Khan Manais has exchanged these views.
Chairman PAMCO briefed to the LCCI delegation about PAMCO’s efforts for promotion of halal exports. He said that PAMCO has engaged itself to enhance quality production, processing, value addition, marketing & supply chain of meat, livestock, agriculture products & by-products for local & export markets. He informed to LCCI delegation that 6000 small and 600 big animals are slaughtered daily at the PAMCO’s slaughterhouse while latest technology and modern machinery are hygienically used for meat processing.
LCCI President Malik Tahir Javaid praised the performance of PAMCO for increasing the livestock of Pakistan. He also assured his support to the company. LCCI will hold seminars and workshops in collaboration with PAMCO. He said that livestock sector is actively contributing to the national economy and major source of women empowerment. He further said that livestock sector is producing its own energy by biogas.
He said that synergy between the government and private sector can secure huge share in international Halal trade. He said that in the next two decades, demand of meat will double in the world and Pakistan has all resources to become a global leader in this sector. He said that Halal Food has become billions dollar global economy with Pakistan is still having insignificant share. It is time for Pakistan to get an increase by exploiting the untapped potential of Halal foods that has created a brand new Global Halal Economy in the world.
He further briefed that Halal global economy includes all types of food and non- food products extending from food and food ingredients, beverages, cosmetics & beauty products, and services like banking & takaful etc. The ‘Halal Label’ is a global symbol of “Good Quality Product” that are also popular among the non-Muslims, who preferred to buy products bearing the Halal Logo.
The LCCI President said that bigger share of Halal business is in the hands of non-Muslims that are using Halal brand for their economic benefit. Pakistan must understand the importance of Halal Certification to get the Halal branding, that will increase exports and transform economy of Pakistan.
“The total global Halal trade is well over $300 billion. If Pakistan can attain only 10% share this 10% can expand exports by 30 billion. It is high time that all the public and private sectors organizations should work together to materialize this objective”, the LCCI president added.
https://www.technologytimes.pk/pakistan-has-potential-to-lead-global-halal-trade/Newsglobal,halal,lead,Pakistan,potential,Trade Government should formulate favorable policies for livestock sector which has 55.9 % and 11.8 % share in agriculture and GDP respectively. Because livestock is important part of agriculture of Pakistan and can pitch potential to get huge share in the international halal trade of over $ 300 billion. LCCI President...EditorialEditorial email@example.comEditorTechnology Times