For some Pakistanis, camels make a bigger, better and more expensive Eid sacrifice

A young trader drives his camel into the crowded Camel Market in Hala town, Matiari District, Sindh, on June 6, 2024, seeking a profitable sale. (AN Photo)
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Updated 16 June 2024
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For some Pakistanis, camels make a bigger, better and more expensive Eid sacrifice

  • Traders from across Pakistan flock each year to Hala camel market in southern Matiari district
  • Camel sellers and buyers complain of sharp rise in prices compared to last year though Pakistan inflation has slowed 

MATIARI, Sindh: Muslims around the world often slaughter sheep and cows at the annual Eid Al-Adha “feast of the sacrifice” but some Pakistanis are thinking bigger.
Ahead of this year’s Eid holiday, traders from around the country are making their annual trip to the Hala market in the southern Matiari district, which is dedicated to animals for auction — but not sheep or cows, but camels. 
“The biggest camel market in Pakistan is in Hala. Camels are brought here for trading from different cities, districts and divisions,” said Muhammad Akhtar, a trader who had arrived from the southwestern city of Quetta nearly 700 kilometers away to purchase camels ahead of Eid. 
“This market is busy year-round. Camels are supplied here from all over Pakistan.”
Traders at the market listed some of the famous breeds, including Laari, Thari, and Saakrai, with Laari being the most expensive. 
“There are different prices for camels depending on their beauty,” Akhtar said. “The sacrificial [Eid] camels are obviously the most expensive. Laari is the most expensive breed, so its price is higher.”
A Thari breed, weighing 8-9 maunds, can cost up over $3,000 around Eid time, while the Laari and Saakri kinds can go for over $6,000. Another breed, the Sindhi, can sell for up to $4,600. 
“Camels are costlier on the occasion of Eid-ul-Adha compared to before Eid,” Akhtar said. “Due to the arrival of Eid, rates are higher.”
Pakistan’s consumer price index (CPI) in May rose 11.8 percent from a year earlier, the lowest reading in 30 months and below the finance ministry’s projections, though consumers around the country still complain of exorbitant prices of food and energy. 
Pakistan has been beset by inflation above 20 percent since May 2022. Last May, inflation jumped as high as 38 percent as the country navigated reforms as part of an International Monetary Fund bailout program. However, inflation has since slowed down but customers at the Hala market weren’t happy. 
“I come to Hala every year to buy two sacrificial camels for my business. I prefer Sindhi camels, but they are quite expensive,” said Sher Muhammad Lulai, who had traveled hundreds of kilometers from a town in Punjab with a budget of around $2,100, which turned out to be much less than anything available. 
“I will purchase if I find suitable ones, or I will return without buying anything.”
Asghar Ali, another trader from Punjab and a resident of Mian Channu, said he had purchased 15 camels from Hala market to take back to Punjab but prices had been back-breaking. 
“Compared to last year, the cost has increased by Rs100,000 rupees [$350] but I have no choice but to purchase them, as this is my livelihood,” Ali said. “I will sell them back home and trust that God will provide me with sustenance,.”

“MARKET IS DOWN”

It’s not just buyers who are complaining. Sellers too said they were struggling to find customers this season. 
Sher Khan, a trader from Usman Shah Huri in Sindh’s Tando Allahyar district, said he had brought two camels to the market to sell but failed thus far to find buyers.
“I am demanding RS1.8 million ($6,392) for my two camels, but despite being here for the last four days, I have not found a customer,” he said. “The market is very down, perhaps due to inflation.”
Saadullah Brohi, another trader from Quetta, said he had been coming to Hala to sell for 22 years but had never seen the market “this slow” before.
“In the past, the market was good, but it’s not good anymore,” Brohi told Arab News. “However, we cannot do anything except adjust ourselves to survive as I have to feed my family.”


Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

Updated 05 December 2025
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Pakistan, global crypto exchange discuss modernizing digital payments, creating job prospects 

  • Pakistani officials, Binance team discuss coordination between Islamabad, local banks and global exchanges
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s finance officials and the team of a global cryptocurrency exchange on Friday held discussions aimed at modernizing the country’s digital payments system and building local talent pipelines to meet rising demand for blockchain and Web3 skills, the finance ministry said.

The development took place during a high-level meeting between Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib, domestic bank presidents and a Binance team led by Global CEO Richard Teng. The meeting was held to advance work on Pakistan’s National Digital Asset Framework, a regulatory setup to govern Pakistan’s digital assets.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight, and encouraging innovation in blockchain-based financial services.

“Participants reviewed opportunities to modernize Pakistan’s digital payments landscape, noting that blockchain-based systems could significantly reduce costs from the country’s $38 billion annual remittance flows,” the finance ministry said in a statement. 

“Discussions also emphasized building local talent pipelines to meet rising global demand for blockchain and Web3 skills, creating high-value employment prospects for Pakistani youth.”

Blockchain is a type of digital database that is shared, transparent and tamper-resistant. Instead of being stored on one computer, the data is kept on a distributed network of computers, making it very hard to alter or hack.

Web3 refers to the next generation of the Internet built using blockchain, focusing on giving users more control over their data, identity and digital assets rather than big tech companies controlling it.

Participants of the meeting also discussed sovereign debt tokenization, which is the process of converting a country’s debt such as government bonds, into digital tokens on a blockchain, the ministry said. 

Aurangzeb called for close coordination between the government, domestic banks and global exchanges to modernize Pakistan’s payment landscape.

Participants of the meeting also discussed considering a “time-bound amnesty” to encourage users to move assets onto regulated platforms, stressing the need for stronger verifications and a risk-mitigation system.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation — a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.