AIRLINK 74.50 Increased By ▲ 0.21 (0.28%)
BOP 4.95 No Change ▼ 0.00 (0%)
CNERGY 4.36 Decreased By ▼ -0.01 (-0.23%)
DFML 39.15 Increased By ▲ 0.35 (0.9%)
DGKC 85.50 Increased By ▲ 0.68 (0.8%)
FCCL 21.35 Increased By ▲ 0.14 (0.66%)
FFBL 33.95 Decreased By ▼ -0.17 (-0.5%)
FFL 9.66 Decreased By ▼ -0.04 (-0.41%)
GGL 10.42 No Change ▼ 0.00 (0%)
HBL 113.00 No Change ▼ 0.00 (0%)
HUBC 137.00 Increased By ▲ 0.80 (0.59%)
HUMNL 12.05 Increased By ▲ 0.15 (1.26%)
KEL 4.71 No Change ▼ 0.00 (0%)
KOSM 4.47 Increased By ▲ 0.03 (0.68%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 138.00 Increased By ▲ 1.80 (1.32%)
PAEL 25.35 Increased By ▲ 0.25 (1%)
PIAA 20.30 Increased By ▲ 1.06 (5.51%)
PIBTL 6.65 Decreased By ▼ -0.06 (-0.89%)
PPL 123.00 Increased By ▲ 0.90 (0.74%)
PRL 26.80 Increased By ▲ 0.15 (0.56%)
PTC 13.95 Increased By ▲ 0.02 (0.14%)
SEARL 57.65 Increased By ▲ 0.43 (0.75%)
SNGP 67.31 Decreased By ▼ -0.29 (-0.43%)
SSGC 10.31 Increased By ▲ 0.06 (0.59%)
TELE 8.35 Decreased By ▼ -0.05 (-0.6%)
TPLP 11.13 No Change ▼ 0.00 (0%)
TRG 63.18 Increased By ▲ 0.37 (0.59%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.41 Increased By ▲ 0.06 (4.44%)
BR100 7,813 Increased By 2.5 (0.03%)
BR30 25,286 Increased By 136 (0.54%)
KSE100 75,014 Increased By 56.9 (0.08%)
KSE30 24,101 Increased By 17.7 (0.07%)

ISLAMABAD: Most of people will be unable to join in Eid celebrations with the traditional animal sacrifice this week as cattle prices have more than doubled in the wake of the country's fatal floods.
After two months of catastrophic late summer flooding swept hundreds of thousands of animals away, livestock traders say supply is so short that they have had to hike prices beyond the means of lower and middle class families.
The annual Islamic holiday, which falls from November 17 to 19 in Pakistan, is marked by the ritual sacrifice after morning prayers of sheep, goats, cows and other livestock whose meat is then shared with the poor.
But the average price of a goat has climbed to 21,000 rupees (250 dollars), according to an AFP survey of markets in five cities across Pakistan -- a sum far too high for most families in the impoverished and largely rural nation.
Sheep were fetching the equivalent of between 175 and 300 US dollars and the price of an average cow was 400 dollars, while the more highly-prized bulls were being sold for up to 1,100 dollars.
The government's fixed wage for a labourer is just 80 dollars per month, while an average middle-class salary is about 230 dollars per month.
"The rates are beyond my budget -- it's not possible for me to perform this Islamic duty," said Sabih Ahmad in Quetta.
"I think more than half of the people will not be able to sacrifice animals this Eid."
Last year an average sheep cost 70 dollars, while a goat was 87 US dollars in local markets. Cows and bulls were being sold for between 230 and 300 dollars.
"So many animals were killed by the floods -- this is basically the reason for the high rates," Hijab Khan, a cattle trader at a market in the outskirts of the northwestern city of Peshawar, told AFP.
An official report by Pakistan's National Disaster Management Authority said that more than 300,000 cattle died in the devastating floods.
Despite Islamic charity banners and posters in all the major Pakistani cities asking people to take part in the sacrifice, it seems unlikely that many will be able to join in.
Javed Hussain, a livestock trader in Lahore, admitted that prices had risen and said business was badly affected.
"It's a big problem. We have bought the animals but nobody is buying," he said.
But another market trader, Jalil Khan, was not convinced the floods were the cause of the problem, saying: "A large number of animals are being smuggled to Afghanistan."
Cattle fetch even higher prices in the neighbouring war-torn country, where livestock is in short supply all year round.
In the capital Islamabad and the adjacent city of Rawalpindi, traders blamed the shortage of animals for the soaring prices, but buyers blamed the beleaguered and widely unpopular government for failing to control prices.
"There is no price control mechanism so the traders are demanding their own high prices," said buyer Khalid Khan, adding that he would pool his funds with others to buy one animal for the slaughter this year.
Islamic charities have been offering families a share in a collective sacrifice for about 100 dollars, itself a hike from only 65 to 85 dollars last year.
Copyright AFP (Agence France-Presse), 2010

Comments

Comments are closed.