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September 19, 2013

 

Pakistan's halal meat export may reach US$6 billion in 2018

 

 

In case the government patronises livestock farmers and devise a coordinated and comprehensive policy for promotion of this industry, Pakistan's halal meat export can touch US$5 billion-US$6 billion in next five years.

 

This is according to the Lahore Chamber of Commerce and Industry (LCCI) Convener for Standing Committee on Halal Meat Export Naseeb Ahmad Saifi.

 

Saifi claimed that Pakistan had made remarkable progress during the last few years amongst the halal meat exporters. He was all praised for the steps taken by Punjab Chief Minister Shahbaz Sharif for the promotion of halal meat exports from Punjab and said the government could also support the exporters on that pattern as they could earn precious foreign exchange for the country and strengthen the national economy.

 

He said that according to a survey the global Muslim population is around 1.86 billion, which constitutes 30 per cent of the total world population. He also said according to a report volume of halal products was US$635 billion dollars in the year 2010.

 

Saifi said volume of halal market in US was US$17.60 billion while halal products constituted 18% of the world food market. Similarly, volume of halal food of Europe had reached US$67 billion. He said many companies in Europe had converted themselves according to consumers of halal products. However, he said their contribution was negligible in this trade.

 

"Indian halal food export had reached US$23 billion per annum, which should be a matter of concern for Pakistan,' Saifi added. He called for understanding the importance of mark of 'certified halal products' on these products. He said if Pakistan wanted to compete with other countries in WTO regime then it had to promote its products at international level and devise an effective policy for promoting products as certified halal items at the earliest.

 

Pakistan exporters of halal food and meat were experiencing numerous challenges and hardships which should be resolved at the earliest to promote food processing and export industry, Saifi said. He also said that special incentives should be given to exporters and get rid of unjustifiable taxes and export tax, interference of provincial institutions and uninterrupted gas and electricity supply. This would help not only the meat industry but also earn the precious foreign exchange and bridging the gap between their import and export bill, Saifi concluded.

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