Pakistan to develop halal industry
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