December 07, 2018
Government Announces to Form a New National Tax Agency
Minister of State for Revenue Hammad Azhar announcCONTINUE READING
The preparations for Eid ul Adha have begun and that means that a huge influx of people will be seen in cattle markets and mandis, people are gonna sell cattle at prices depending on their health, weight, variety, color and sometimes other features too. The entire cattle market expands because of Eid as people would invest hundreds of thousands of rupees into their Eid sacrifices.
The cattle come from areas in Punjab and northern Sindh but sometimes different animals like camels are transported from Middle Eastern countries like Saudi Arabia and Dubai, and Pakistan’s cattle is also sent to Dubai and other countries.
They’re traded in groups of 2,000 in air cargo ships and in groups of 5,000 in ferries and water ships. As small goats cost between Rs 20,000 and 25,000, these prices are usually more than how much the same animal would cost if bought at another time of the year, an animal that costs Rs. 23,000 today could cost around Rs. 50,000 to 60,000 a few days before Eid, “Eid Rates” increase as we get closer to Eid, and the best cattle is usually cleared out around a week before Eid.
The largest cattle market in Karachi is 65 acres, close to the Sohrab Goth Mandi on the Superhighway, and it has been reported that more than 50,000 cattle have arrived already out of which almost all of them will be sold to people who wish to sacrifice for the Eid traditions.