Pak­istan ex­ports to UAE slated for growth

The Pak Banker - - BUSINESS -

Pak­istani ex­ports to the UAE and Mena re­gion are set to in­crease within the next few years, es­pe­cially in the meat, fruits and veg­eta­bles seg­ment, ex­perts at Gul­food 2016 have re­vealed. Pak­istan is par­tic­i­pat­ing at the ex­hi­bi­tion with more than 92 com­pa­nies;64 of which are par­tic­i­pat­ing un­der the ban­ner of the Trade De­vel­op­ment Au­thor­ity of Pak­istan, Khaleej Times re­ported.

Ac­cord­ing to the re­port, "the growth in the num­ber of par­tic­i­pat­ing com­pa­nies this year is around 40 per cent and ex­pected this num­ber to con­tinue grow­ing as more Pak­istani com­pa­nies look for op­por­tu­ni­ties, not just in the UAE, but across the Mena re­gion."

"We have been ex­hibit­ing here con­sec­u­tively for a num­ber of years now and our pres­ence has grown over the years. As far as busi­ness is con­cerned, we had an im­pres­sive turnover," said S.M. Mu­nir, chief ex­ec­u­tive of the Trade De­vel­op­ment Au­thor­ity of Pak­istan. "We crossed our ex­port tar­get this year and had $1.3 bil­lion worth of ex­ports in 2015. Our im­ports are worth $1.7 bil­lion for the same year. Our food ex­ports have grown by more than 27 per cent, which is roughly $0.5 bil­lion. Our rice ex­ports stand at around $200 mil­lion, but the sec­tor we are cur­rently fo­cus­ing on is meat," he said.

Cur­rently, more than 12 meat plants have been ap­proved by UAE au­thor­i­ties in Pak­istan, and there are 10 more in the pipe­line for ap­proval, he added. Ex­ports in the meat seg­ment are also set to rise in the com­ing years. The ex­ports of food and veg­eta­bles in 2015 was worth around $20 mil­lion.

"This year, we sold a lot of fresh fruits, es­pe­cially in the cit­rus seg­ment. We also ex­pect an in­crease in de­mand for or­anges, guavas and our world-fa­mous man­goes, which drew in around $18 mil­lion. Ex­ports of pro­cessed foods, in­clud­ing frozen chicken, were recorded at $20 mil­lion. We are work­ing with the govern­ment to al­low us to ex­port chicken meat. We ex­pect to re­ceive the ap­proval soon. Saudi Ara­bia has given us the nec­es­sary ap­provals. We are con­fi­dent that other coun­tries in the re­gion will fol­low suit," Mu­nir said.

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