On Eid Al-Adha, animal accessories are all the rage 

A Pakistani livestock trader stands with a decorated cow as he waits for customers at the one of the main animal markets set up for the forthcoming sacrificial Eid Al-Adha festival in Islamabad on September 29, 2014. (AFP/File)
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Updated 17 June 2024
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On Eid Al-Adha, animal accessories are all the rage 

  • Animal traders decorate bulls, lambs and goats to make them stand out and fetch higher prices
  • Customers buy animals, then purchase anklets, bells and colorful collars from decoration stalls

ISLAMABAD: Ashraf Khan picked up a colorful anklet and showed it to a customer from a range of collars, beads, bells and other ornaments at his stall of animal accessories at the Sangjani cattle market on the outskirts of the Pakistani capital of Islamabad.

The 33-year-old, who sets up a makeshift stall at the market every year, said the demand for animal accessories went up just as the demand for animals and their prices surged ahead of the major Islamic festival, marked by devout Muslims by slaughtering animals and sharing the meat with family and the poor.

Khan, who has been selling animal accessories for the last several years, said his clients not only included members of the public, but also traders who wanted to adorn their cows, sheep and bulls before putting them up for sale in order to better attract customers and fetch higher prices.

“We receive goats, lambs and bulls [at our decoration stall],” Ashraf said. “It takes Rs1,000 to Rs1,500 ($3-5) to decorate a goat with different types of materials. Decorating bulls ranges from Rs2,000 to Rs2,500 ($7-8).”

The 33-year-old sources ornaments from Islamabad’s twin city of Rawalpindi and sets up his stall in the Sangjani capital market a week before Eid.

“The price tag depends on the number and quality of items,” Khan said. 

Naik Muhammad, who brought 50 lambs to sell at Sangjani market, said a lamb cost him around Rs25,000 ($90) this year and he was looking to sell it for between Rs85,000 to Rs95,000 ($305-$341).

“The purpose of decoration is that customers like them more and the rates get better,” Muhammad said. “When customers like the animal then we can ask rates of our choice.”

Alamgir Khan, a fruit vendor in Islamabad, purchased a lamb for Rs77,500 ($278) after haggling with sellers for around three hours and brought it to Khan’s stall to buy accessories for decoration.

“We have spent some money on its decoration to make it look beautiful and then the children at home will see it and be happy, and that is a rewarding thing,” Alamgir told Arab News. “This is an animal for sacrifice, it should be adorned.”


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.