KARACHI - Sindh Board of Investment (SBI) achieved a historic milestone in its progress towards development of Halal sector in Pakistan by signing a memorandum of understanding (MoU) with Halal Industry Development Corporation (HDC), the premier agency for development of Halal industry in Malaysia.
The MoU was signed on Wednesday in HDCs Kuala Lumpur office between Mohammad Younus Dagha, Secretary Investment Department/Director General Sindh Board of Investment (SBI) and Dato Seri Jamil Bidin, the Chairman/CEO of HDC.
It was witnessed by Zubair Motiwala, Advisor to CM Sindh on Investment and Masood Khalid, the High Commissioner of Pakistan for Malaysia besides the officials of HDC.
Malaysia is one of the key players in Global Halal sector, the others being Australia, Brazil, Thailand, India, etc.
with China, France and Japan having plans to enter soon.
Pakistan will be one of those few Muslim countries who are planning to develop Halal Industry to cater for the huge global Halal Market which is growing at a very fast pace.
Dato Seri Jamil Bibin, CEO of HDC, speaking on the occasion, stated that the great potential of global Halal Market provides various opportunities for collaboration between the two brotherly countries and the initiative taken by the Sindh Board of Investment will pave way for development of this industry in Pakistan.
He said that HDC will provide all assistance for development of regulatory framework, establishment of Halal Parks (designated industrial areas) and training of entrepreneurs, auditors and functionaries in pursuance of the MOU signed.
He also pointed out the potential of business to business joint ventures for Halal industry in both the countries.
Masood Khalid, Pakistans High Commissioner thanked HDC for responding positively to the proposal of cooperation with SBI.
He mentioned that there was immense potential in the food and agriculture sectors of Pakistans economy, which can supplement the growth of Malaysias Halal Industry.
He assured the active pursuance by Pakistans High Commission to ensure a fast track for implementation of the MOU.
Zubair Motiwala, in his address, stated that SBI was keen to work out the detailed implementation plan to ensure that the MoU meets the aspirations of both the parties to play their due roles in development of Halal Industry.
He pointed out that SBI has a futuristic vision for development of this important and growing sector in Pakistans economy.
He assured HDC on behalf of the Government of Sindh and Federal Government that all infrastructural and administrative support will be provided in pursuance of the MoU.
He stated that the keenness of both the brotherly states for collaboration will benefit the citizens of both the countries and the entire Muslim Ummah by facilitating their access to Halal products.
A working group comprising of Mohammad Younus Dagha from SBI and Farid Z.
Hamid, Vice President of HDC was formed to work out modalities and work plan for the implementation of MoU.
Later, the delegation comprising Zubair Motiwala, Advisor to CM Sindh, Mohammad Younus Dagha, Secretary Investment and Wajihullah Kundi, Commercial Counsellor of Pakistan in Malaysia visited and got briefing from the Halal Hub Division in the Department of Islamic Development on certification and regulatory framework of the Government of Malaysia for Halal Industry.
The delegation also visited Halal Park at Port Kling Free Zone and got briefing from the Zone operators.