Meat worth $520m to be exported to Malaysia

The federal government has set a target of exporting halal meat worth $520 million to Malaysia over the next five years.

According to officials, the government has declared halal meat a priority sector to boost exports and has prepared a plan to export 130,000 metric tons of meat to Malaysia during this period, generating $520 million in foreign exchange.

Under the plan, 552,000 livestock animals will be required for meat exports, while investment of$140 million will be needed in the livestock sector over five years. Of this amount, $80 million will come from the private sector and $60 million from the government.