A memorable ride to the mega City Dhaka

Sacrificing cattle is the central purpose of Eid ul Azha, leading to huge financial involvement and economic activities. According to Bangladesh Tanners’ Association (BTA), about 35,00,000 cows and 50,00,000 goats will be sacrificed this year. This will involve transaction of around Tk.160 billion. India exports about 10 million cows to Bangladesh annually, out of which around 4 million are sent during the Eid (both formally and informally). Bangladesh government should earn Tk.2 billion revenue at Tk.500 taka per cow.

 

Eid ul Azha is also the main season for procuring hides and skins. 60% of total export of hides and skins is made following the celebration of this festival. Markets for spices and refrigerators witness bumper sales, hovering around hundreds of billions of taka ahead of Eid. The money market, which usually gets volatile during the Eid festivals, has remained calm in a fairly liquid position this time.

 

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