Pakistan is expecting a major economic boost this Eid-ul-Azha as the value of animal hides collected during the religious festival is estimated to reach Rs 8.7 billion this year.
According to publicly available reports, around 7.5 million sacrificial animals are expected to contribute to the country’s hide and leather industry, highlighting the continued importance of Eid-ul-Azha for Pakistan’s economy.
The number of sacrificial animals has reportedly increased by 17 percent over the past decade, reflecting rising participation and growing demand during the annual religious occasion. Industry experts believe this trend continues to strengthen related sectors including livestock, leather processing, footwear, and exports.
Pakistan’s leather industry has also evolved significantly in recent years. Instead of relying mainly on exporting raw hides, manufacturers are increasingly focusing on producing higher-value finished leather goods and footwear for international markets.
Exports of leather products and footwear have now reached approximately $694.20 million, underlining the sector’s growing contribution to Pakistan’s export economy and industrial development.
The leather industry remains one of Pakistan’s important manufacturing sectors, creating employment opportunities and supporting thousands of businesses connected to processing, production, and exports.
Experts say continued modernization and investment in the sector could further improve Pakistan’s position in global leather markets while increasing export potential in the years ahead.
As Eid-ul-Azha approaches, businesses and traders across the leather supply chain are preparing for one of the busiest periods of the year, with hopes of stronger economic activity and improved market performance.
Disclaimer: This post is for informational purposes only and is based on publicly available reports. The image is AI generated and is just for reference.
