The corporate sector in the country must fully exploit the potential of the vast scope of halal food exports in global markets as its current size of $2 trillion is expected to touch the level of $3 trillion in the next five years.
Talking to a delegation of halal food exporters here on Sunday led by Shabir Ahmad, Meher Kashif Younis said there were enormous opportunities for cooperation in the “Halal Food Market” between Pakistan and Malaysia and this sector in Malaysia had an extensive network of value-added Industry and multinational companies that could help Pakistan to connect with the global supply chain.
He said that traditionally halal food includes meat, poultry, seafood, fruits and vegetables, dairy products, grains, oil, fats, waxes, and confectioneries that could be exported at competitive prices in the emerging global market by bringing value-added products.
He said Pakistan should be a partner and catalyst for reform to drive sustainability and contribute to our collective goal of shared prosperity.
Meher urged the government to undertake concerted efforts to review existing policies and restructure investment strategy to ensure that the implementation of high-impact projects could be expedited.
He said our new investment strategy must provide the necessary impetus to pursue high technology and sustainable investments as well as to intensify innovation, striking a balance between economic and environmental sustainability while reducing dependency on foreign labor in line with global benchmarks in the environment, and social and governance.
He stressed the urgent need for frequent exchange of visits of chambers and associations of either country for direct one-on-one interaction with each other besides leveraging on each other’s strength and capacity and working together to enrich the value of investments.
Leader of the delegation Shabir Ahmad said Pakistan remains an important economic partner for Malaysia which was demonstrated most prominently by our bilateral economic trade and investment relations which continue to grow from strength to strength despite the global challenges through the decades, he concluded.
Originally published on www.urdupoint.com