Eid ul Azha Economic Activity in Pakistan Estimated at $3.5 billion in 2016
From the Blog riazhaqPakistanis are spending about $3.5 billion on Eid ul Azha this year, according to analysts. This includes $2.8 billion worth of livestock and another $700 million on clothes, shoes, jewelry and various services. This amount represent a huge transfer of wealth from urban to rural population in the country. *Animal Sacrifice:* Eid al Adha commemorates the willingness of Prophet Ibrahim (Abraham) to sacrifice his most beloved son Ismail (Ismael) when asked to do so by God. It follows Hajj, the annual pilgrimage of Mecca by Muslims from around the world each year. Muslims believe that God had angels remove Ismael from under the knife of blindfolded Abraham and had him replaced by a lamb. *Economic Activity: * The commemoration includes sacrifice of cows, goats, lambs and camels onpakistanblogs.blogspot.comRead Full Post
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