Federal Minister for Science and Technology Rana Tanveer Hussain says that a draft bill to establish Pakistan Halal Authority will be presented in the Parliament soon.
Addressing the ‘D-8 Experts Group Meeting on Halal Sector Development’ in Islamabad on Monday, the Authority would promote imports and exports, trade and commerce with foreign countries and inter-provincial trade and commerce in Halal articles and processes.
The Minister said non-Muslim countries are also taking interest in Halal products. He said all the Muslim counties should now focus on export of Halal products that will not only boost the economy but also create job opportunities.
The delegates from Bangladesh, Egypt, Nigeria, Iran, Malaysia, Turkey, Indonesia and Pakistan are taking part in two days meeting. The meeting is focusing on increasing the trade in Halal Sector among the D-8 countries by strengthening and harmonizing standards, conformity assessment procedures and technical regulations for Halal Food products and services.
Highlighting the importance of trade, the minister said that trade was of immense importance for cooperation among the D-8 countries as the volume of D-8 intra-trade increased remarkably to almost US $150 billion 2014 from US $15 billion in 1997.
The D-8 leadership was aiming to increase the intra-trade up to US $500 billion by 2018.
This mark will be achieved not only by the D-8 main instruments but also by improved linkages and efficient networking among D-8 private sectors.
“The Global Halal Market is currently valued in 2 trillion dollars, of which 700 billion dollar are Islamic market.
Cooperation amongst the D-8 countries in the Halal sector provides an excellent opportunity to increase the share of D-8 countries in the world Halal Market,” he added.
He said that the event will also provide an opportunity to contribute towards capacity building, human resource development and knowledge sharing which are imperative for the growth of the Halal industry.
He appreciated the ministry of science and technology, PSQCA, PNAC and PCSIR for their efforts for organising and hosting such an event.