ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has sought a stronger domestic halal meat industry through value addition.
Talking to The Express Tribune, chairman of the Regional Standing Committee of FPCCI, Ahmad Jawad, said Pakistan has immense potential in the Halal meat sector as the country has more than 159 million animals.“Pakistan can be a leading player in the Halal meat industry through value addition,” said Jawad.
He said that the ban on slaughtering cows, imposed by some states in India, was yet another opportunity for Pakistan to capture the $4.5 billion market left over in the world and this requires a proper strategy on a priority basis.
However, recently Pakistan has started importing meat from India without there being any particular need for it and the matter has also been raised in the National Assembly by Pakistan Tehreek Insaf (PTI) MNA Shafqat Mahmud.
It may be noted that Pakistan was ranked 18th in the production of Halal meat but its volume was only 2.9% of the global production.
He projected that with a 100% halal production base, Pakistan has direct access to 470 million consumers in Central Asia, Middle East and Europe.
Since 2003, Pakistan’s Halal meat export has increased at a Compound Annualised Growth Rate (CAGR) of 29.1%, growing from $14 million in 2003 to $230 million in fiscal 2014.
Despite the growth having slowed down to 9.5% in 2013-14, experts still believe that the industry has room to grow.
Courtesy : Express Tribune