Billions of Rupees Business Done in Pakistan in Three Days of Eid ul Adha:
In Pakistan, Eid al-Adha holds significance not only as a religious festival but also as a major contributor to the country’s economy, generating billions of rupees in economic activity. Particularly in rural areas, people engage in raising animals specifically for this occasion, selling them in cities and earning substantial incomes. This movement of capital from urban to rural regions acts as a stimulus for the overall economy.
The hides of sacrificial animals also play a crucial role in a separate economic activity. Traders dealing with animal hides benefit significantly from the widespread observance of the Abrahamic tradition during Eid al-Adha. According to Agha Saiddain, the President of the Leather Manufacturers Association, the business volume surpassed 50 billion rupees during the festival. In total, the leader of the leather industry estimates the value to be around 60 billion rupees.
During Eid al-Adha, a substantial number of animals are sacrificed, including 2 to 2.5 million cows, 3.5 to 4 million goats, 1 million sheep, and 100,000 camels. The hides obtained from these sacrificial animals play a vital role in supporting the leather and value-added industries in Pakistan. As a result, the leather industry ranks as the second-largest revenue-generating sector in the country, closely following the textile industry, primarily due to the availability of animal hides and skins from the sacrificial animals.