“The expansion of Eid economy is a very good omen for farmers and rural areas,” Abdul Rauf Alam, President FPCCI said in a statement issued here.
He said that some estimates suggest that around Rs 200 to Rs 300 billion have been shifted from urban centres to rural areas during Eid-ul-Azha in which 85 percent was spent on buying animals, he added.
The FPCCI President said that Eid-e-Qurban generates a great economic activity around the Muslim world.
The Eid creates millions of temporary jobs, benefit unemployed, transport sector, tanners, textiles, social and religious groups etc, he said adding this promotes country’s livestock sector which is 58.5 percent of the agricultural sector and over 12 percent of the GDP.
Abdul Rauf Alam said that a little focus can help country export sizable number of cattle heads to Saudi Arabia benefitting rural economy and earning foreign exchange.
He said that livestock sector has transformed Pakistan into world’s fourth largest milk producer but lack of value addition is keeping stakeholders from full benefit.
Rural residents, who raise animals for sale on Eid, bring in billions into the rural economy which help alleviate poverty.
Ali Zain is a member of the staff at Daily Pakistan Global. He earned BS Communication Studies degree from University of the Punjab. His thesis titled "Cultural Continuity and Mass Media: An analysis of leading online newspapers ...
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 31, 2023 (Friday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||347.5||351|
|Hong Kong Dollar||HKD||36.11||36.46|
|New Zealand Dollar||NZD||175.57||177.58|
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 208,200 on Friday. The price of 10 grams of 24k gold was recorded at Rs178,500.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,849.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 208,200||PKR 2,470|
|Karachi||PKR 208,200||PKR 2,470|
|Islamabad||PKR 208,200||PKR 2,470|
|Peshawar||PKR 208,200||PKR 2,470|
|Quetta||PKR 208,200||PKR 2,470|
|Sialkot||PKR 208,200||PKR 2,470|
|Attock||PKR 208,200||PKR 2,470|
|Gujranwala||PKR 208,200||PKR 2,470|
|Jehlum||PKR 208,200||PKR 2,470|
|Multan||PKR 208,200||PKR 2,470|
|Bahawalpur||PKR 208,200||PKR 2,470|
|Gujrat||PKR 208,200||PKR 2,470|
|Nawabshah||PKR 208,200||PKR 2,470|
|Chakwal||PKR 208,200||PKR 2,470|
|Hyderabad||PKR 208,200||PKR 2,470|
|Nowshehra||PKR 208,200||PKR 2,470|
|Sargodha||PKR 208,200||PKR 2,470|
|Faisalabad||PKR 208,200||PKR 2,470|
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.