ISLAMABAD: On the outskirts of the Pakistani capital of Islamabad, thousands of sacrificial animals are up for sale at a cattle market especially set up ahead of Eid Al-Adha later this week.
There’s just one problem: there are very few customers, as millions of Pakistanis reckon with record inflation.
Known as the “Feast of Sacrifice,” the revered observance of Eid Al-Adha coincides with the final rites of the annual Hajj in Saudi Arabia. It is a joyous occasion, of which food is a hallmark. Many Muslims celebrate the four-day feast by ritually slaughtering livestock and distributing the meat among family, friends and the poor.
But with Pakistan’s annual inflation rate rising to 37.97 percent in May, setting a national record for the second month, many buyers at Islamabad’s main cattle market said they couldn’t afford the livestock for the ritual sacrifice while sellers complained they had to source the animals at exorbitant rates this year and rearing the cattle cost them three times more than before.
At Islamabad’s cattle market last week, a thin crowd was evidence that desperation over the cost of living has undercut the typically booming holiday trade in goats, cows and sheep.
“We bought 20 animals and have sold only five so far,” seller Nusrat Ali Khan told Arab News at the market, which is spread over 15,000 hectares and can accommodate around 6,000 animals.
At least 4,000 animals have been brought to the market from different parts of the country ahead of Eid Al-Adha.
“We can’t really see any customers. The expenses are quite a lot and customers are not coming.”
Khan wondered if he would be able to sell any of his animals before Eid, which falls on Thursday in Pakistan.
“If they are sold, only then we can earn something for our children,” he said.
Buyers complained sellers’ prices were unfair.
“My budget was somewhere around Rs300,000 ($1,047) to Rs350,000 ($1,222) but when we came here, the animal which should be Rs350,000 is priced at Rs700,000 ($2,445) and the Rs700,000 animal is available at Rs1,400,000 ($4,890),” buyer Shaikh Romail said.
“The rates are double, and it was not what we expected.”
Explaining the high rates this year, Raja Tahir, the cattle market contractor, said rearing the cattle was neither an easy nor a cheap task.
“It is difficult to take care of them. You can gauge that from the fact that what you can’t afford to eat yourself, you feed them,” Tahir told Arab News, saying sellers fed wheat, milk, ghee, barley, nuts, and other natural ingredients to their animals to enhance their beauty, weight, and physique.
But the higher cost has meant fewer customers.
“Customers are fewer as compared to the number of animals [in the market],” Azhar Siddiqui, who was shopping for a goat, said.
“The buying power has been affected due to inflation. This will have an effect, people will sacrifice less as compared to the past. People who used to buy full animals will now go for buying parts.”