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Business & Finance

Pakistan’s Big Bird secures major export contract, eyes to dominate global halal market

Published Updated

Big Bird Foods Limited (BBFL), a Pakistani poultry processing unit, has secured a major contract to export poultry products to a Gulf-based halal food company.

The listed company shared the development in a notice to the Pakistan Stock Exchange (PSX) on Thursday.

“BBFL is pleased to announce that the company has secured a significant export order from a Gulf-based halal food company for the supply of raw chicken and further processed poultry products,” read the notice.

The company said that the order is expected to approximately double its current export volumes, with additional upside potential as production capacity expands and additional product categories are introduced.

“Based on current projections, the contract is expected to add further Rs1.2 billion in annual revenues,” it said.

Pakistan’s Big Bird Foods proposes converting Rs1.5bn director loans into equity

The company shared that the global halal food market is currently estimated to exceed $900 billion annually and is projected to grow to over $1.4 trillion by 2034, presenting significant long-term opportunities for established halal producers with internationally compliant processing facilities.

Whereas, Pakistan’s annual meat exports are expected to exceed $500 million in FY26.

“Given the strong growth prospects of the global halal food market, Pakistan is well-positioned to increase its export footprint. The company is expected to benefit from its Gulf-based contracts, supporting higher foreign exchange earnings and a more diversified revenue base,” it said.

BBFL was established in September 2011 as a private limited company. It converted into a public limited company on June 1, 2023. The company specialises in manufacturing, importing, exporting, supplying, and distributing quality chicken products, including processed, ready-to-cook, and ready-to-eat items, for national and international markets.

The company aims to increase its capacity utilisation to meet growing local and export demand and plans to diversify its product offerings based on customer preferences across borders.

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