ISLAMABAD: The Pakistani business community plans to boost the local food industry, taking advantage of an end to import restrictions.
The recent dollar crisis encouraged local production units leading several Pakistanis, mostly affiliated with food industry, to sign JV agreements. Most of such deals were concluded with their counterparts from Thailand.
“Pakistan imports significant amount of human as well as pet food from Thailand not only because it is cheap but also because there are limited options for Halal food,” said Zafar Mehmood, senior vice president of the Lahore Chamber of Commerce and Industries (LCCI).
He added that due to restriction on imports people had to adopt various means like making payments from a third country or taking credits but these were all cumbersome procedures.
“Now when trade has started to ease, many importers have decided to establish local…
