Pak­istan to de­velop ha­lal in­dus­try

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The Sindh Board of In­vest­ment (SBI) has planned to con­struct Pak­istan’s first Ha­lal In­dus­trial Park near Karachi, with tech­ni­cal as­sis­tance from the Ha­lal In­dus­try De­vel­op­ment Cor­po­ra­tion, Malaysia. The sign­ing of an MOU be­tween Malaysia’s Ha­lal In­dus­try De­vel­op­ment Cor­po­ra­tion (HDC) with the Sindh Board of In­vest­ment (SBI) of Pak­istan is seen to be part of an ag­gres­sive plan to open doors for Malaysian col­lab­o­ra­tion with the in­ter­na­tional mar­kets.

Un­der the MoU, the HDC would pro­vide as­sis­tance to Pak­istan on many re­lated plat­forms. These in­clude for­mu­lat­ing the nec­es­sary reg­u­la­tory frame­work for ha­lal stan­dards, set­ting up of Ha­lal Parks and set­ting up broad­based train­ing pro­grammes for en­trepreneurs, au­di­tors and other per­son­nel who can im­ple­ment the Ha­lal ecosys­tem in Pak­istan.

“There is much we can mu­tu­ally ex­change with each other when we col­lab­o­rate,” said Dato’ Seri Jamil Bidin, chief ex­ec­u­tive of­fi­cer of the HDC, who signed the agree­ment on the HDC’s be­half.

The MoU is paving the way for the two coun­tries to col­lab­o­rate in the food and in­gre­di­ents sec­tors to en­hance bi­lat­eral trade, pro­vid­ing the first sig­nif­i­cant steps for both par­ties to grow their re­spec­tive ha­lal sec­tors and pro­vide in­vest­ment op­por­tu­ni­ties needed to en­cour­age busi­ness be­tween Malaysian and Pak­istani com­pa­nies.

The Chief Min­is­ter of Sindh’s Ad­vi­sor on In­vest­ment, Zubair Moti­wala said that bright op­por­tu­ni­ties ex­ist for the pro­mo­tion and de­vel­op­ment of ha­lal food in Pak­istan. He pointed out that the global ha­lal in­dus­try has grown to over a tril­lion dol­lars.

The ha­lal food mar­ket is in­creas­ing mar­ket very rapidly and Malaysia is play­ing a key role in this re­gard. This is the first time that the Pak­istani and Malaysian gov­ern­ments are col­lab­o­rat­ing in the ha­lal sec­tor, where Malaysia has over 30 years of ex­pe­ri­ence. The MoU will prove to be a bridge be­tween Pak­istani and Malaysian mar­kets through which Pak­istan will be able to brand its prod­ucts on in­ter­na­tional plat­forms.

Mean­while, Dato’ Seri Jamil Bidin, and re­searchers in ha­lal tech­nol­ogy.

“It will un­doubt­edly be the first of its kind and will rep­re­sent the first com­plete Ha­lal ecoin­fras­truc­ture and ecosys­tem for the in­dus­try,” Bidin said.

Pak­istan will be one of the few Mus­lim coun­tries that have taken con­crete steps to de­velop the in­dus­try. At present, Aus­tralia, Brazil and Thai­land have 80 per cent of the mar­ket share. Com­ment­ing on the global mar­ket, Moti­wala said, “We should have made our mark in this mar­ket, as not many Mus­lim coun­tries have de­vel­oped their Ha­lal in­dus­try.

“Pak­istan can phe­nom­e­nally in­crease its phar­ma­ceu­ti­cal and food ex­ports, if it ac­quires ha­lal cer­ti­fi­ca­tion, as this will lead to higher ac­cept­abil­ity in in­ter­na­tional mar­kets,” Moti­wala as­serted

CEO, HDC also re­vealed that the HDC is cur­rently de­vel­op­ing its own Ha­lal Park in the Port Klang Free Zone (PKFZ) as a model for oth­ers. When it comes on-stream, it will op­er­ate as a self­con­tained re­fer­ral cen­tre for in­vestors, en­trepreneurs, busi­ness op­er­a­tors of other ha­lal parks

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