Inside Financial Markets

UAE allows Pakistan to ship halal products via sea

The United Arab Emirates (UAE) has allowed transportation of halal products from Pakistan via sea which would bring down freight cost by one third, Punjab Halal Development Agency (PHDA) Chairman Justice (retired) Khalil-ur-Reman Khan said on Tuesday.

He was addressing foreign delegates and local businessmen in the 6th International Halal Conference held at the Lahore Chamber of Commerce and Industry (LCCI).

LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Executive Committee Members were also present.

The PHDA chairman said the authority was signing MoUs with various countries and authorities to make its certification acceptable for them.

He said the Pakistan Halal Authority has also been operational and the first meeting of its Board of Directors is being held on April 13.

Mr Rehman said the PHDA was also organising training programmes for butchers to create awareness among them about the Sharia requirements and after that they would be issued licences.

He urged the LCCI to appoint a focal person for close liaison between the PHDA and the Chamber.

The PHDA chairman said the 6th International Halal Conference would augment the Halal business in the country.

On the occasion, the LCCI president said halal foods have become a billion-dollar global market today but Pakistan’s share is still insignificant.

“It is high time for Pakistan to get a boost not by getting aid from foreign countries, but by exploiting the untapped potential of halal foods,” he added.

He said the halal global economy includes all types of food and non-food products ranging from foods and beverages to banking and takaful.

Baqar Hussain

A Wannabe CFO, just had stepped in the corporate sector, willing to explore every aspect here and learn as mush as i can, awareness for those who dont, get the info where ever possible and stay up to date always.

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)