However, some of the leather goods manufacturers could 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 197-198,000 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 markets. In the era of endless inflation, butchers demanding Rs7000 to Rs8000 (US$66-75) for slaughtering cows on first day, while Rs3000 ($28) is the rate for goats and sheep. This is a substantial increase as compared to last year, since the corresponding rates were around Rs4500 ($42) and Rs2000 ($19) respectively. On second day they are demanding Rs4000 to Rs5000 ($38-47) for cows.

Source: Buisness Recorder