Pakistan’s Total Trade Of Halal Food Is On The Rise

A South Korean employee displays local beef at a Lotte Mart as the store suspended sales of all US beef in Seoul on April 25, 2012. Two major South Korean retailers suspended sales of US beef after a new case of mad cow disease in California, and the government said it would tighten inspection of imports. AFP PHOTO / JUNG YEON-JE (Photo credit should read JUNG YEON-JE/AFP/Getty Images)

On Friday, Parliamentary Secretary Commerce Shandana Gulzar Khan informed the National Assembly that Pakistan has noticed an upsurge of $31.36 million in its total trade of Halal food with Organization of Islamic Cooperation (OIC) Countries in 2017-18.

While addressing the parliament, she said that the total trade of Halal food with OIC countries in 2016-17 was $226.97 million. However, the number surged to $258.3 million in 2017-18.

Trade details between Pakistan and OIC countries

In 2015-16, total exports were $222.04 million while the imports were $19.26 million. Therefore, the total sum in 2015-16 is $241.30 million. Similarly, the total trade of Halal foods dipped to $226.97 million in 2016-17. The total exports in the same time period were $202.18 and the imports were $24.78 million.

However, the period of 2017-18 proved to be fruitful as the total trade of Halal food between Pakistan and OIC countries were recorded at $258.3 million with the total exports recorded at $222.39 million and the imports were $35.94 million.

Also Read: Foreign Remittance Initiative to benefit Overseas Pakistanis

Government’s role in promoting export of Halal products

The parliament secretary asserted that the government is keen on promoting the export of Halal food products to some more OIC countries. She also affirmed that from July 2019, local producers and importers would be required to acquire Halal food certification.

Besides the aforementioned step, the present government is also taking the following steps:

Apart from the all the aforementioned steps, Pakistan also takes part in various fairs all around with an aim to promote its Halal food exports to OIC countries and to some regions across the world.

Source: TimesOfIslamabad

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