News From : DagangHalal.com (05 Dec 2010)
KARACHI – Speaker National Assembly Dr Fahmida Mirza has said that Pakistan must enter into over $2 trillion global Halal economy due to its unique geo-economic position in the region and in the Muslim world.
She was speaking at the inaugural session of Global Halal Congress titled “Discover Pakistan’s Halal Potential” organised by Halal Development Council in collaboration with Trade Development Authority of Pakistan (TDAP) at a local hotel here on Saturday.
Addressing the session she said that the authorities of TDAP are drafting up Halal Certification Bill with an aim to give a better exposure to Pakistan’s exports toward one-third of the world’s population, which is a big consumer market of Halal products and services.
“Once the drafting of the said Bill in consultation with all stakeholders get completed by TDAP, it would be tabled before the National Assembly to make it into law,” she said.
It must be mentioned here that Halal certification means one’s product is meeting a high quality assurance standard, giving a product an international brand whether it is pharmaceuticals, vitamins and cosmetics and food or non-food items.
To a query about the imposition of Reformed General Sales Tax, she said the democratic government of Pakistan Peoples Party is not in favour of putting excessive taxation burden on the general public and on the business community.
She further said that the government is doing its best to broaden the tax net and to bring down the rate of inflation into single digit in order to cope with the existing economic challenges.
Meanwhile, Speaker Sindh Assembly and Acting Governor Sindh Nisar Khoro said that the Halal Congress was a better platform to explore the hidden and open commercial opportunities among Muslim and non-Muslim world.
Earlier, Asad Sajjad Secretary General/CEO Halal Development Council in his welcome address said Halal being a trillion dollar market globally and the “Halal Brand” recognized as symbol of ‘Good Quality Product, so non-Muslim also buy products with the Halal Logo.
– The Nation