Saudi Arabia Boosts Pakistan's Livestock Economy

Pakistan's livestock experts have highlighted the significant potential for the country to enhance its economy through the export of sacrificial animals to Saudi Arabia during the Hajj season. With the possibility of saving an estimated Rs100 billion annually, this opportunity could provide a substantial financial boost to Pakistan's economy.

During a recent visit to Islamabad, Saudi Foreign Minister Prince Faisal bin Farhan Al Saud reaffirmed the kingdom's commitment to supporting Pakistan's economic development. This has raised hopes for substantial investments from Saudi Arabia across various sectors in Pakistan.

Currently, Saudi Arabia imports millions of animals each year from countries like Australia, Somalia, and Yemen for sacrificial purposes during Eid-ul-Adha. Pakistan stands to benefit significantly by tapping into this market, potentially earning billions of rupees annually through livestock exports.

Furthermore, Pakistan could generate an additional Rs50 billion in foreign exchange by exporting halal meat to Saudi Arabia. A recent agreement with Saudi Arabia's Najd Gateway Holding Company to cultivate alfalfa cattle fodder for export further underscores the country's commitment to leveraging its livestock sector for economic growth.

Notably, Pakistan's livestock industry already plays a substantial role in the country's economy, contributing 62% to the agricultural GDP and 14.0% to the national GDP. With the potential for increased exports to Saudi Arabia, Pakistan's livestock sector is poised for significant expansion and economic prosperity.