Pakistan’s donkey population has experienced a notable increase of 1.72%, reaching 5.9 million during the 2023-24 fiscal year. This growth supports the country’s rural economy, where donkeys play a significant role as beasts of burden. In contrast, the numbers of horses and mules have remained unchanged in recent years.
Stocks heavily reliant on rural revenues are witnessing a significant upswing amid expectations of a strong monsoon season in India. The Indian Meteorological Department (IMD) has predicted the monsoon to be ‘above normal’, fueling optimism for a surge in agricultural output and rural spending. Industries such as motorcycle manufacturing, farm equipment production, and FMCG (fast-moving consumer goods) are experiencing a boost in stock prices due to this positive forecast. Major companies in these sectors are reporting increased sales volumes in rural areas, indicating a positive shift in consumer demand.
