AIRLINK 79.58 Increased By ▲ 1.19 (1.52%)
BOP 5.29 Decreased By ▼ -0.05 (-0.94%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 78.00 Decreased By ▼ -0.51 (-0.65%)
FCCL 20.45 Decreased By ▼ -0.13 (-0.63%)
FFBL 32.41 Increased By ▲ 0.11 (0.34%)
FFL 10.33 Increased By ▲ 0.11 (1.08%)
GGL 10.40 Increased By ▲ 0.11 (1.07%)
HBL 118.19 Decreased By ▼ -0.31 (-0.26%)
HUBC 135.51 Increased By ▲ 0.41 (0.3%)
HUMNL 6.85 Decreased By ▼ -0.02 (-0.29%)
KEL 4.60 Increased By ▲ 0.43 (10.31%)
KOSM 4.82 Increased By ▲ 0.09 (1.9%)
MLCF 38.50 Decreased By ▼ -0.17 (-0.44%)
OGDC 134.20 Decreased By ▼ -0.65 (-0.48%)
PAEL 23.69 Increased By ▲ 0.29 (1.24%)
PIAA 26.89 Increased By ▲ 0.25 (0.94%)
PIBTL 7.01 Decreased By ▼ -0.01 (-0.14%)
PPL 113.15 Decreased By ▼ -0.30 (-0.26%)
PRL 27.90 Increased By ▲ 0.17 (0.61%)
PTC 14.90 Increased By ▲ 0.30 (2.05%)
SEARL 57.50 Increased By ▲ 1.00 (1.77%)
SNGP 67.40 Increased By ▲ 1.10 (1.66%)
SSGC 11.20 Increased By ▲ 0.26 (2.38%)
TELE 9.35 Increased By ▲ 0.20 (2.19%)
TPLP 11.78 Increased By ▲ 0.11 (0.94%)
TRG 73.10 Increased By ▲ 1.67 (2.34%)
UNITY 24.85 Increased By ▲ 0.34 (1.39%)
WTL 1.42 Increased By ▲ 0.09 (6.77%)
BR100 7,534 Increased By 41.6 (0.56%)
BR30 24,736 Increased By 177.6 (0.72%)
KSE100 72,392 Increased By 340.3 (0.47%)
KSE30 23,855 Increased By 46.7 (0.2%)

RAWALPINDI: Business was quieter than usual at one of Pakistan’s biggest livestock markets Friday as an economic crunch stopped customers from buying cows, sheep and goats for the Eid-ul-Azha holiday.

Farmers have been camped at the I-15 cattle market between Islamabad and Rawalpindi for two weeks, hoping to sell their stock, but buyers are scarce.

Pakistan’s economy is in the doldrums, with rampant inflation affecting everything – including holiday spending.

Muhammad Mumtaz, who brought 50 animals to market, still had 30 left to sell.

“Inflation is so high that customers do not have the purchasing power,” he told AFP as he sat on a wooden bed.

“We can’t sell them cheaply,” he added.

“Feed is expensive, wheat is expensive, the truck fare has doubled … so there is nothing left for us.”

Like Muslims elsewhere in the world, Pakistanis usually buy an animal over Eid-ul-Azha, keeping a third for themselves, a third for friends and relatives, and a third for charity.

“Prices are very high,” Khurram Taseer, a bank employee, told AFP after splashing out 140,000 rupees (around $700) for a bullock.

He said his extended family usually bought two cows for the holiday, but this year had cut down to one.

The market is divided into sections according to the type of animal, with bulls selling for Rs100,000 to Rs700,000, while goats and sheep fetch between Rs40,000 and Rs100,000.

The farmers spend time cleaning and grooming the animals, festooning them with floral garlands in the hope of attracting customers.

Still, many would-be buyers left empty-handed.

“Most people are not sacrificing animals because of the prices,” said farmer Mulazim Hussain.

Comments

Comments are closed.