Tanners and leather goods makers ruled out any fall in cattle sales during this Eid-ul-Azha owing high prices of sacrificial animals. They said businessmen are not expecting any major drop in cattle slaughter and leather collection. However, some of the leather goods manufactures did not predict whether collection of raw hide this Eid would be able to meet a larger part of the industry's requirement. "We have to wait to see what happens."
Data of total number of slaughtered animals in the city would be compiled on the last day of Eid after collection of total number of hides and skin. About 197,000-198,000 cows and around 150,000 goats and sheep were slaughtered during the last Eid alone in the city. Usually, animals for sacrifice in Karachi come from various districts of Sindh and southern Punjab, including Bahawalpur, Rahim Yar Khan and other areas of Southern Punjab. Many investors from Karachi consider the Eid-ul-Azha an opportunity to double their earnings, as they usually buy animals from small farmers before their arrival at the cattle market and then sell them with the help of their own employees in the cattle market.
In the era of endless inflation, butchers demanding Rs 7,000 to Rs 8000 for slaughtering cows on first day, while Rs 3, 000 is the rate for goats and sheep. This is a substantial increase as compared to last year, since the corresponding rates were around Rs 4,500 and Rs 2,000 respectively. On second day they are demanding Rs 4000 to Rs 5000 for cows.
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