Pakistan to secure $200m halal meat export deal with Malaysia over 5 years

News Image

MG News | April 22, 2025 at 01:51 PM GMT+05:00

0:00

April 22, 2025 (MLN): Pakistan is on track to secure a $200 million halal meat export deal with Malaysia over the next five years, marking a significant boost for the country’s agricultural and trade sectors.

The development follows ongoing bilateral talks aimed at strengthening economic cooperation between the two nations.

The potential agreement was a central focus of a high-level meeting held in Islamabad, chaired by the Federal Minister for National Food Security and Research, Rana Tanveer Hussain.

The meeting brought together key stakeholders, including Federal Minister for Commerce Jam Kamal and Prime Minister’s Advisor on Industry Haroon Akhtar Khan, to discuss strategies for enhancing Pakistan’s halal meat export capacity.

Minister Rana Tanveer Hussain emphasized the government’s commitment to growing the halal meat industry and tapping into international markets, as per the press release issued.

“We are in advanced talks with Malaysia, and if the deal materializes, it could lead to $200 million in exports over five years,” he said.

He noted that the agreement would not only benefit Pakistan’s economy but also strengthen overall ties with Malaysia.

“Both countries have immense potential for cooperation in trade, IT, energy, agriculture, and halal meat exports. It’s up to us to seize this opportunity,” he stated.

The minister also assured that Pakistan will uphold the highest quality standards in its meat exports.

“We will not compromise on quality. Malaysia can count on receiving premium-grade halal meat from Pakistan", he added.

This development follows Malaysian Prime Minister Anwar Ibrahim’s recent visit to Pakistan, during which both governments agreed in principle to enhance trade in halal meat. Pakistan is currently Malaysia’s third-largest trading partner in South Asia.

Discussions during the visit also included plans for a Memorandum of Understanding (MoU) between the Pakistan-Malaysia Business Council (PMBC) and the Malaysia-Pakistan Business Council (MPBC) to promote cooperation in halal trade.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 172,400.73
346.40M
0.92%
1570.51
ALLSHR 103,483.96
796.97M
0.55%
561.58
KSE30 52,734.06
184.56M
1.08%
564.57
KMI30 245,565.33
110.97M
1.07%
2605.02
KMIALLSHR 67,233.70
319.67M
0.68%
453.28
BKTi 47,898.10
95.85M
0.98%
462.51
OGTi 33,838.49
13.78M
1.39%
464.88
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 87,825.00 90,115.00
86,915.00
75.00
0.09%
BRENT CRUDE 60.80 62.67
60.56
-1.44
-2.31%
RICHARDS BAY COAL MONTHLY 87.50 0.00
0.00
1.05
1.21%
ROTTERDAM COAL MONTHLY 94.50 0.00
0.00
-0.70
-0.74%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 56.93 58.88
56.65
-1.42
-2.43%
SUGAR #11 WORLD 15.17 15.28
15.08
-0.12
-0.78%

Chart of the Day


Latest News
December 26, 2025 at 04:17 PM GMT+05:00

UAE unveils nationwide projects


December 26, 2025 at 04:13 PM GMT+05:00

PKR edges up against USD


December 26, 2025 at 02:33 PM GMT+05:00

Gold price in Pakistan rises Rs500 per tola


December 26, 2025 at 02:26 PM GMT+05:00

Weekly SPI decreases by 0.09%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg