Around a whopping $2.5 billion worth of animals sacrificed on Eid al-Adha in Pakistan this year
The value of animals sacrificed this year is around a billion dollars more than last year
People in Pakistan sacrificed more than nine million animals worth $2.5 billion (around ₨. 405 billion) on Eid al-Adha last week.
This is a whopping increase of around a billion dollars from last year.
This was revealed by the Chairperson of the Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA), M. Danish Khan, to Arab News Pakistan.
The Senior Vice-Chairperson of the Pakistan Tanners Association (PTA), Abdul Salam, credits the spiraling surge in the number of sacrificed animals this year to the restrictions on Hajj due to the COVID-19 pandemic.
As people could not go for the pilgrimage, they offered their sacrificial rituals in Pakistan.
Abdul Salam added that the number of sacrificed animals this year surpassed the PTA’s estimation by more than two million.
Meanwhile, the former PTA Chairperson, Ejaz Ahmed Sheikh, currently the Chairperson of Bombal Leathers, claims that the overall value of sacrificial animals could be even higher than the tanners’ estimates.
According to Sheikh, around 3-4 million cows were sacrificed this year. If the average price of each cow is kept at ₨. 100,000, then the overall cow value goes up to ₨. 300 billion alone.
So, if the value of camels, sheep, and goats is added to this amount, the overall sacrificial animal value exceeds way above ₨. 400 billion.
According to Qazi Sadaruddin, the Director at the Al-Khidmat Foundation, the skins of the animals collected, and the skins’ rates, have significantly increased this year.
It is pertinent to note that Eid Al-Adha contributes to around 20%-30% of raw material to Pakistan’s leather industry, which PLGME expects will smash the $1 billion mark this year.
In the previous fiscal year 2020-21, the leather sector contributed $833 million to Pakistan’s overall exports of $25.3 billion.
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