Gulfood Dubai presents 93 Pakistani companies ‘important’ networking opportunity

Scenes from the 27th edition of the Gulfood food and beverages fair in Dubai on February 15, 2022 (AN Photo)
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Updated 16 February 2022
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Gulfood Dubai presents 93 Pakistani companies ‘important’ networking opportunity

  • Gulfood is the world’s largest annual food and beverage trade exhibition
  • Over 4,000 companies from 120 countries are attending the event

DUBAI: The number of Pakistani companies participating in the Gulfood fair in Dubai this year has almost doubled compared to last year, according to a top Pakistani official in the UAE who said the event provided local companies an “important” opportunity to network and expand their outreach.

Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai World Trade Center Authority (DWTCA), opened the 27th edition of Gulfood on Sunday. Over 4,000 companies from 120 countries, a line-up of industry leading speakers, and the world’s best chefs are attending what is considered the world’s largest annual food and beverage trade exhibition.

This year the event will run from February 13-17 and opened with its most expansive exhibitor line-up yet, including new pavilions from the Norwegian seafood industry, Uruguay, Panama, and Uzbekistan who will be joined by newcomers from Australia, Colombia, South Africa, Switzerland, and Hong Kong.




The stalls of Shangrila, Bake Parlour and Tapal seen at the 27th edition of the Gulfood food and beverages fair in Dubai on February 15, 2022 (AN Photo)

Unique displays of food items, such as a woman wearing a hat made of fruits, and live cooking at food stalls, are major crowd pullers at the event. 

This year, 93 Pakistani companies are taking part in the fair, a considerable increase from 50 firms last year, Hassan Afzal Khan, Consul General of Pakistan in the UAE, told Arab News.

“This is an important event for Pakistani companies to network,” Khan said, adding that food constituted one of the major exports of Pakistan to the UAE, one of the major food markets for Pakistani products. 

“We are exhibiting the best quality products in rice, pulses, spices, confectionery, sweets and bakery items, herbal products as well as renowned and credible Pakistani food brands,” Khan said. “The response to the exhibits and Pakistani products has so far been good as mentioned by the exhibitors.”




The stalls of Shangrila, Bake Parlour and Tapal seen at the 27th edition of the Gulfood food and beverages fair in Dubai on February 15, 2022 (AN Photo)

Visitors to the event will be able to meet buyers looking to take orders for the latest and industry-defining products while exhibitors seek to draw customers looking to fill their order books at the year’s first global food and beverages gathering.

Bilal Ahmed, Manager International Sales and Marketing at Shangrila group, told Arab News the company, which has its headquarters in Karachi and specializes in a range of products from sauces to juices, had been participating in the exhibition for the past 20 years. 

“This is a hub that helps us connect with the international markets and helps us in networking and building a corporate image for customers,” he said. 




The stalls of Shangrila, Bake Parlour and Tapal seen at the 27th edition of the Gulfood food and beverages fair in Dubai on February 15, 2022 (AN Photo)

The Divisional Head of International Business for Bake Parlour, a well-established brand for pasta and sauces, Obaid Hasan, said this was the seventh year that the company was attending the exhibition: “We are always looking for new opportunities and to develop long-term relations with local distributors.”

Muhammed Yasin Iqbal, Head of Key Accounts and International Business for Tapal tea, said the company had been receiving positive feedback from visitors at their stall this year. 

“This has been a good opportunity to connect once again with our existing customers while making new international connections,” he said.

Khalid Sarfraz Ghori, CEO Natco Foods Limited, Pakistan, which supplies a variety of rice domestically and internationally, said the company has been participating in the fair for the past 16 years.

“This has been an opportunity to make new partnerships,” he said.


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.