ISLAMABAD — Pakistan is seeking to expand its presence in the rapidly growing global halal economy by identifying new export opportunities, strengthening Islamic finance and connecting local businesses with international markets.
The issue was discussed during a meeting between Finance Minister Senator Muhammad Aurangzeb and Shaikh Yousef Hassan Khalawi, Secretary-General of the Islamic Chamber of Commerce and Development (ICCD).
The talks focused on expanding economic cooperation and creating stronger links between Pakistani companies and private-sector networks across member and non-member countries of the Organisation of Islamic Cooperation (OIC).
A key focus was Pakistan’s potential to capture a larger share of the global halal market, which extends well beyond food. Officials discussed opportunities in halal fashion, tourism, consumer goods and services, alongside traditional halal food exports.
Aurangzeb stressed the need for a targeted approach rather than relying on broad export ambitions. He called for identifying specific products, industries and international markets where Pakistani businesses can develop competitive offerings and generate sustainable export growth.
The discussions also highlighted the potential of Islamic finance as another area where Pakistan could strengthen its international economic position. Greater cooperation with institutions involved in Islamic economics and finance could help Pakistani businesses access new networks, investment opportunities and financial services.
Khalawi briefed the minister on the ICCD’s expanding engagement with business communities around the world. He also shared international experiences in developing halal industries, sustainable tourism and cross-border Islamic economic cooperation.
Both sides discussed using international conferences, business forums and ICCD platforms to connect Pakistani companies with potential buyers, investors and commercial partners.
For Pakistan, the challenge is now to turn its large Muslim consumer base and established halal industries into a more competitive export platform. A stronger presence in global halal markets could diversify exports while opening opportunities for small and medium-sized businesses.
Aurangzeb welcomed continued ICCD engagement and called for closer interaction with Pakistan’s business community to identify practical projects and improve access to international markets.
