KARACHI: Pakistanis thronging markets to buy sacrificial cows, camels and goats for the upcoming Eid Al-Adha complained about rising prices of the livestock this week.
Pakistan has been beset by inflation above 20 percent since May 2022. Last year in May, inflation jumped as high as 38 percent as the country navigated reforms as part of an International Monetary Fund (IMF) bailout program.
While inflation has since tapered, at the main cattle market in Karachi, Pakistan’s biggest city, customers said they were still facing higher prices than last year.
“There is no impact of it (inflation slowing down). The prices are higher as compared to last year. The price of an animal that was up to 100,000 rupees ($358) last year is reaching 150,000 rupees ($537) this year,” said a customer, Mohammad Asif.
“It is the government’s claim that they have brought down the inflation whereas it is totally contrary to that here at the market. The prices are like three folds up as compared to last year,” said another buyer, Abdur-Rehman.
Trader Mohammad Chhuttal, who traveled some 540 km (336 miles) from the city of Ghotki to sell his cows and bulls in Karachi, said the impact of last year’s high inflation continued to be felt this year.
Traders said the inflation was hurting the purchasing power of ordinary consumers and noted that there were not only fewer customers in the market compared to last year, but that people would choose smaller animals.
Pakistan is in talks with IMF for a loan estimated to be anything between $6 billion to $8 billion to avert a default for an economy that is growing at the slowest pace in the region.
Pakistan narrowly averted a default last summer thanks to a short-term IMF bailout of $3 billion over nine months.
Muslims around the world celebrate the Eid holiday by slaughtering animals such as cattle and goats as they mark the willingness of Prophet Ibrahim to sacrifice his son on God’s command. The meat is shared among family and friends and donated to the poor.
The three-day festival of Eid Al-Adha, one of the two most important festivals on the Islamic calendar, will be celebrated from Monday (June 17) in Pakistan this year.
Pakistanis complain about high prices of sacrificial animals before Eid Al-Adha
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Pakistanis complain about high prices of sacrificial animals before Eid Al-Adha
- Muslims celebrate Eid by slaughtering cattle, goats and cow to mark the willingness of Prophet Ibrahim to sacrifice his son on God’s command
- The three-day festival, one of the two most important festivals on the Islamic calendar, will be celebrated in Pakistan from June 17 this year
Pakistan minister orders measures to ease port congestion, speed up sugar and cement handling
- Meeting in Islamabad reviewed congestion at Port Qasim and its impact on export shipments
- Ports directed to enforce first-come, first-served berthing and penalize unnecessary delays
KARACHI: Pakistan’s Maritime Affairs Minister Junaid Anwar Chaudhry on Saturday directed authorities to streamline sugar and cement operations at Port Qasim after reports of severe congestion caused by the slow unloading of sugar consignments disrupted export activities.
The government has been working to ease port bottlenecks that have delayed shipments and raised logistics costs for exporters, particularly in the cement and clinker sectors. The initiative is part of a broader effort to improve operational efficiency and align port management with national trade and logistics priorities.
“Improving operational efficiency is vital to prevent port congestion, which can cause delays, raise costs, and disrupt the supply chain,” Chaudhry told a high-level meeting attended by senior officials from the maritime and commerce ministries, port authorities and the Trading Corporation of Pakistan.
The meeting was informed that sugar was being unloaded at a rate below Port Qasim’s potential capacity. The minister instructed the Port Qasim Authority to optimize discharge operations in line with its daily capacity of about 4,000 to 4,500 tons.
Participants also reviewed directives from the Prime Minister’s Office calling for up to 60 percent of sugar imports to be redirected to Gwadar Port to ease the load on Karachi terminals.
Officials said all vessels at Port Qasim and Karachi Port would now be berthed on a first-come, first-served basis, with penalties to be applied for unnecessary delays.
The TCP was told to improve operational planning and coordinate vessel arrivals more closely with port authorities.
Chaudhry commended the engagement of all participants and said consistent adherence to performance standards was essential to sustaining port efficiency and preventing a recurrence of logistical disruptions.
