First ever Pakistani meat consignment exported to Jordan - commerce advisor

This photograph taken on April 9, 2015, shows Pakistani health inspectors as they certify meat by placing stamps at a government slaughterhouse in Lahore. (AFP)
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Updated 29 November 2021
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First ever Pakistani meat consignment exported to Jordan - commerce advisor

  • Last month, Pakistan announced that Jordan had allowed three Pakistani producers to export meat to the kingdom
  • The companies are the Organic Meat Company Limited (TOMCL), Tata Best Food Limited, Tazji Meat and Food

ISLAMABAD: Pakistani commerce advisor Abdul Razak Dawood said on Monday Pakistan’s Tata Best Food Limited had exported the country’s first meat consignment to Jordan.
Last month, Pakistan announced that Jordan had allowed three Pakistani producers to export meat to the kingdom. These are Organic Meat Company Limited (TOMCL), Tata Best Food Limited, Tazji Meat and Food.
Pakistan ranks in the top 20 among global halal meat exporting nations, and a 2017 study by the Karachi Chamber of Commerce and Industry (KCCI) showed that the industry was growing by 27 percent annually.
The country’s exports of meat and meat preparations went up by 10 percent in the last fiscal year to $334 million, though they declined by four percent during the first two months of the current fiscal year to $49.55 million, according to the Pakistan Bureau of Statistics.
“We congratulate TATA Foods on exporting Pakistan's first ever consignment meat has been exported to Jordan,” Dawood said on Twitter. “Promotion & facilitation of non-traditional products to new markets constitutes MOC’s [ministry of commerce] diversification policy.”


Last year, TOMCL became the first Pakistani company to get approval from the Saudi Food & Drug Authority to export frozen meat via sea to the kingdom, as it won a high-value contract of $3.9 million to export 100 metric tons of frozen boneless meat to Saudi Arabia.
In September, the Karachi-based halal meat processing and export enterprise secured a $1 million contract to supply frozen boneless meat to Saudi Arabia for a period of 10 months.

 


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
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Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.