Pakistanis are finding it difficult to purchase sacrificed cattle for Eid-ul-Adha due to raging inflation

 

Pakistanis are finding it difficult to purchase sacrificed cattle for Eid-ul-Adha due to raging inflation

 Keywords: Qurbani ka janwar 2022, Inflation, fuel prices, Eid-ul- Adha 2022 

On July 10, Pakistanis will celebrate Eid ul Adha, one of the two most significant holidays in the Islamic calendar.

According to the citizen, Dealers are only selling little calves for the same amount as last year.

A livestock merchant claims that the price of cattle has increased due to transportation charges.

Buyers at a Pakistani market said on Friday, July 1, that they were finding it difficult to purchase sacrificed livestock for the approaching Eid-ul-Adha festival due to exorbitant pricing after the country’s horrifying inflation rate reached a 13-year high.

"I closed a deal last year in just an hour. I've been strolling about here since the morning but haven't bought anything because the dealers are only selling little animals for the same price as last year”, said Muhammad Salman, a citizen at the large livestock market in Karachi.

Cows are expensive. As the cost of petrol and diesel has raised, transportation costs also increased. We are selling an animal that we sold for Rs220,000 ($1,075) last year for Rs420,000 ($2,053) this year. The inflationary increase is Rs200,000 ($978).

Since the government of Pakistan has eliminated expensive fuel subsidies at the end of May, 2022 in an effort to reduce its ballooning fiscal deficit and win the continuation of an IMF bailout package, fuel prices have increased by about 90%.

According to local media, Muslims in Pakistan will celebrate Eid ul Adha on July 10, one of the two most significant festivals in the Islamic calendar. Bulls, Cows, camels and goats are butchered to commemorate a sacrifice made by the Prophet Ibrahim (AS) at the direction of God.