Rs450 billion spent on Eid-ul-Azha this year

Around Rs450 billion worth of economic activities took place on Eid-ul-Azha in the country this year due to the improvement in the Covid-19 situation and the ban on Hajj.

About 10% more animals were sacrificed this year in comparison with the number in 2020 – indicating an increase in the circulation of wealth.

Circulation of wealth through business is essential for a country to survive and run its economy.

The business of transporting animals from markets to buyers' homes continued to run into billions of rupees.

According to an estimate, about four million goats and sheep and three million cows were sacrificed.

There has been a turnover of over Rs2 billion in the country on animal fodder. This business provides employment to fodder sellers as well as labourers.

After bringing the sacrificial animal home, money is spent on their decoration.

Around Rs25 billion were earned by butchers. The demand for professional and seasonal butchers to slaughter sacrificial animals reached its peak on Eid.

Scores of such professionals from rural Sindh and Punjab reached Karachi, the country’s economic hub, to earn a livelihood.

This year, Rs20,000-25,000 were being charged to slaughter cows weighing more than 185 kilogrammes on the first day of Eid, while Rs15,000 to Rs20,000 is the rate on the second and third days for same weight.