Monday, 27 June 2016
Iftari Items
Iftar Time
Business in Pakistan
during Ramazan lifts up consumer market and escalation is seen in kitchen
budget. This year (2016) the Ramazan economy is likely to hit an estimated business
of Rs. 550bn. One may think from where all this money is coming in this month meanwhile
during other months; people cannot afford this much expense. The effort to
estimate the size of the Ramazan economy and sources of its financing lead us
to believe that besides private income and savings, cash flows from:
1) Zakat & Fitrana
2) Overseas remittances
3) Bank credit contribute to household spending
4) Corporate sector’s bonuses, advance salaries, loans to
employees
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