Karachi's cattle farm owners 'devastated' amid rising animal theft cases ahead of Eid

Workers offload sacrificial animals from a truck at a cattle market, ahead of the Eid al-Adha festival in Karachi, Pakistan on June 24, 2023. (REUTERS)
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Updated 28 June 2023
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Karachi's cattle farm owners 'devastated' amid rising animal theft cases ahead of Eid

  • Armed men steal 96 sacrificial animals within three days from different cattle markets in Karachi
  • Muslims sacrifice goats, cows and sheep worth millions in Pakistan before the Eid Al-Adha festival

KARACHI: Cattle farm owners in Pakistan's southern port city of Karachi said on Wednesday they were left "devastated" after armed men stole 96 sacrificial animals from them within a week, a sign of increasing cases of animal theft ahead of the Muslim festival of Eid Al-Adha.   

Makeshift cattle markets prop up in Karachi and elsewhere in Pakistan before the Eid Al-Adha event begins which is marked by Muslims usually slaughtering goats, cows, and sheep worth millions to honor the Islamic tradition.

As the three-day Eid Al-Adha or "Feast of Sacrifice" festival approaches, incidences of animal theft at gunpoint have increased in Karachi, a city notorious for street crimes and robberies. Apart from the latest robberies, police records show armed men stole 50 goats and 20 cows from different locations in the city in recent weeks. 

“Armed men barged into our farm in the early hours of yesterday (Tuesday) and took away 85 animals,” Faizan Bari, the owner of one of the two cattle farms from which 96 animals were stolen, told Arab News. 

Bari said the robbers remained at his cattle market—located at Karachi's Dhabejee area near the national highway—for several hours before leaving at 8:00 a.m. 

The robberies take place as Pakistan reels from an economic crisis that has seen inflation surge to unprecedented levels as the government hikes fuel and food prices to secure a bailout package from the International Monetary Fund (IMF). 

“We are devastated, as on the one hand, we are running after the police to get our case registered and catch the criminals, on the other hand, we are struggling to arrange animals for our customers,” Bari said, adding that cows, goats, and sheep were stolen from the farm. 

.In a separate incident on Sunday night, armed men stole 11 animals from a cattle farm owned by a man named Shehroz Ilyas. The animals were worth over Rs10 million ($34,873).

“They restrained our guard, took his weapon, and managed to steal 11 animals,” Ilyas told Arab News, adding that the incidents exposed the incompetence of law enforcement agencies in curbing crimes. 

According to complaints filed in different police stations seen by Arab News, four goats were snatched from the RCD ground in Saudabad, four goats were stolen from a home in Korangi, and three cows were stolen from Sector 2 of the North Nazimabad area in Karachi. 

One cow was taken away from a rickshaw stand in North Karachi, one bull was stolen from Baldia Town, and nine cows were stolen from Korangi's Cattle Colony.

Additionally, 40 goats were stolen from North Karachi's Sector 7, and two goats were stolen after thieves broke through a shop's shutter in the Azizabad area. A cow worth Rs300,000 ($1,046) was stolen from an apartment in the city's Frere area.

Furthermore, 10 more animals were forcibly taken away from different parts of Karachi’s Orangi Town.

Last month, a security company said it received an overwhelming response when it launched a “package” for the security of sacrificial animals owing to rising cases of animal theft.

Al-Aman Security Company introduced a “specialized security scheme” tailored for the festival, offering bouncers and security guards to accompany individuals to the market and protect their animals until Eid.

A spokesperson of the Karachi police declined to comment on the rising incidents involving the snatching of sacrificial animals.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

https://x.com/toplinesec/status/2006690862483624136

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.