Ramazan Economy in Pakistan

 Iftari Items

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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