Due to a ban on the annual pilgrimage due to the COVID-19 situation, there has been a 10% increase in the number of animals sacrificed this Eid-ul-Azha, in comparison to last year. As a result, Rs. 450 billion worth of economic activity has been generated, indicating an increase in the circulation of wealth. Circulation of wealth through business is vital for the survival of the country’s economy.
The business of transporting animals from markets to buyer’s homes generates billions of dollars for the regional economy. According to estimates, about 4 million goats and sheep along with three million cows have been sacrificed. In addition, money spent on animal fodder has provided a turnover of Rs 2 billion, implying that the livestock business during the Eid ul Azha season employs fodder sellers and labourers.