Posted 4/8/2024, 2:06:33 AM
Pakistani Families Tighten Belts to Maintain Joyful Eid for Children Amid Economic Downturn
- Pakistani parents attempting to maintain a joyful Eid for children despite financial strains
- Markets confirming continued and intensified declines in Eid spending this year
- 50% of family Eid budgets allocated to fulfilling children's needs and desires
- Adults switching from custom-made to ready-made clothes, hurting fabric sellers and tailors
- Estimated 15% contraction in Eid market to Rs368 billion compared to Rs432 billion last year
