ISLAMABAD: Chief Executive Officer (CEO) Halal Research Council (HRC), Muhammad Zubair has said that the business community needs to take full advantage of the potential of Halal industry and export opportunities for Halal products.
He stated this while giving a presentation during an awareness road show organized by the Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with HRC to sensitize the business community about the export potential of the Halal industry.
Muhammad Zubair said that global Halal market was $3.6 trillion, but Pakistan’s share in it was less than 1 per cent. He said that over 90 per cent share of the Halal market was captured by the non-Muslim countries while the top ten exporters of halal products in the Middle East were also non-Muslims. He said that the Pakistani private sector has great scope to penetrate the halal products market by focusing on Halal certifications.
Highlighting the advantages of Halal certification to manufacturers and producers, the HRC CEO said that Halal certification would enhance the marketability of their products to meet the needs of over 1.6 billion Halal consumers worldwide. He said Halal certification would provide the business community competitive advantage, bigger market share, a cutting edge over the competitors and help them in meeting the importing countries’ requirements. He said that HRC would like to hold more programs in collaboration with ICCI on various topics of the Halal industry to create better awareness about business opportunities in this industry.
Speaking at the occasion, ICCI President Ahmed Hassan Moughal said that the global halal markets included not only Islamic banking and finance, but also food, pharmaceutical, cosmetics, education, chemical, travel, tourism, and hospitality industries. He said with better support and cooperation of the government, the Pakistani private sector could achieve better success in the export of Halal products.
Ahmed Hassan Moughal said that the establishment of a government Halal certification agency has given a boost to the exports of Malaysia and urged that the Government of Pakistan should establish Central Halal Authority on an urgent basis that would facilitate the growth of exports of Halal products.
The ICCI president said that Middle East, Africa, Turkey, Central Asia, Europe, USA, and the UK have great demand for Halal products and government should fully cooperate with the private sector in promoting exports of Halal products to these markets.
