News

Fewer buyers for Eid camels as Pakistanis count the rupees

Meat
Camel Meat
Pakistan
Published Jun 28, 2023

Tridge summary

Farmers in Pakistan who have set up livestock markets in preparation for the annual Eid al-Adha festival are struggling to sell their animals due to high prices and inflation. Many people are unable to afford the animals for sacrifice, with middle-class Pakistanis in particular being affected. Farmers are facing losses due to rising costs and taxes, and the falling value of the Pakistani rupee is also impacting buyers' purchasing power.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

(MENAFN- AFP) Khan's cousin Zakaria brought 18 camels to market after good profits last year but has sold only one so far. "People's purchasing power is over. Customers are not coming to the market, and those who come prefer to return empty-handed due to the high prices of the animals," Zakaria, 21, told AFP. During the festival, Muslims around the world will slaughter an animal -- a goat, sheep, bull or camel -- keeping a third for themselves before giving a third to friends and relatives, and a third to charity. The ritual commemorates the readiness of Ibrahim -- Abraham in the Christian and Jewish faiths -- to sacrifice his son to show obedience to Allah. The centuries-old festival is guided by tradition, but this year many middle-class Pakistanis will not be able to perform a sacrifice. "Our income is the same but the prices are sky-high. From where would we get that much money?" buyer Ali Akbar, a 46-year-old builder, asked. Another customer, Zerak Ali, had come to enquire ...
Source: Menafn
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