Bankrupt Pakistan in Massive trouble, Prices of THIS animal touches sky, major crisis looms due to..., China plans to...
Islamabad: Bankrupt Pakistan is facing a massive economic crisis characterized by high inflation, dwindling foreign reserves, a rising debt burden, and political instability. The situation has raised fears of a possible default and is severely affecting the daily lives of ordinary citizens. Salim Khan, a resident of Pakistan, is facing a severe financial crisis because his source of livelihood — his donkey — died in an accident last week.
Salim doesn't have enough money to buy another donkey. Around eight years ago, he had bought a donkey for Rs 30,000, but now the price of a donkey has reached Rs 200,000. It is important to note that in Pakistan, donkey carts are a major means of earning a livelihood for a large section of the poor.
However, the rising prices of donkeys have become a major challenge for them. The surge in donkey prices has created an employment crisis for thousands of people like Salim. One of the reasons behind the rising prices of donkeys in Pakistan is its friendly country, China.
In China, donkey hides are used to produce a traditional medicine known as Ejiao. Ejiao is believed to enhance strength, boost immunity, and treat conditions like tumors and anemia. As a result, the Chinese are buying large numbers of Pakistani donkeys. This has led to a decline in the donkey population and a sharp rise in their prices. China Imports Donkeys from Around the World
It is important to note that China has been importing donkey hides from Africa for years now. However, last year, the African Union, which consists of 55 countries, imposed a ban on the trade of donkey hides in 18 countries. For many years, donkey hides were being sent to China for the production of a traditional medicine called Ejiao. After the ban in Africa, China has had to rely on Pakistan for donkeys. As a result, donkey prices in Pakistan have started to rise.
China is also in talks with the Pakistani government to set up donkey farms there. In April this year, a Chinese delegation met with Pakistan's Minister Rana Tanveer Hussain to discuss the issue. China is interested in establishing donkey farms in Pakistan because the local climate is suitable for donkeys.
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