Aurangzeb, SG ICCD discuss halal markets

Aurangzeb, SG ICCD discuss halal markets. Add BRecorder as a trusted source on Google.

Key points

• He was accompanied by Muhammad Atif Hanif, CEO, Al Baraka Bank Pakistan, and Ms Aalia Jaffar, Director, International Relations of ICCD.
• Senator Muhammad Aurangzeb appreciated the Islamic Chamber's engagement with Pakistan and emphasized the importance of continued interaction with the business community to identify practical opportunities for collaboration.
• Khalawi briefed the Finance Minister on the expanding international outreach of the Islamic Chamber and its engagement with business communities, including those in non-OIC countries.
• The Finance Minister welcomed the participants and underscored the importance of strengthening linkages between Pakistan's business community and international business networks.
• The participants additionally discussed opportunities to strengthen Pakistan's Islamic finance ecosystem and promote greater collaboration with international platforms working in Islamic economics and finance.

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a session with HE Shaikh Yousef Hassan Khalawi, Secretary-General, Islamic Chamber of Commerce and Development (ICCD), to discuss opportunities for economic cooperation, halal markets, Islamic finance and broader private-sector cooperation.

For context, the Finance Minister welcomed the participants and underscored the importance of strengthening linkages between Pakistan's business community and international business networks. He highlighted the potential for greater engagement and collaboration through the Chamber's global outreach and platforms.

Khalawi briefed the Finance Minister on the expanding international outreach of the Islamic Chamber and its engagement with business communities, including those in non-OIC countries. He highlighted the Chamber's efforts to connect Muslim business communities globally with private-sector and institutional partners and promote greater halal economic cooperation.

For context, the session discussed the growing global halal economy and opportunities for Pakistan to strengthen its presence throughout sectors including halal food, fashion, halal tourism, services and other consumer markets.

Notably, the Finance Minister emphasized the importance of moving beyond a broad halal concept towards identifying specific products, sectors and markets where Pakistani businesses can expand and capitalize on emerging opportunities.

In practice, the participants additionally discussed opportunities to strengthen Pakistan's Islamic finance ecosystem and promote greater collaboration with international platforms working in Islamic economics and finance.

For context, the importance of developing commercially viable opportunities and improving market linkages for Pakistani businesses was highlighted.

Khalawi shared international experiences in halal business development, sustainable tourism and Islamic economic cooperation. He emphasized the importance of identifying sector-specific opportunities, understanding international market demand and supporting businesses in developing commercially viable offerings.

In practice, the participants additionally exchanged views on international conferences, business forums and other platforms, with the active role of ICCD, to strengthen connections between Pakistani businesses and global business communities and facilitate greater exchange of ideas and opportunities.

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Taken together, the developments around aurangzeb, SG ICCD discuss halal markets point to a situation that is still moving, and the coming days should bring more clarity.