Due to declining purchasing power on Eid-ul-Adha this year, sales of sacrificial animals are likely to fall by 15%. On the other hand, the prices of skins have also come down due to a lack of demand.
Sales of Eid-ul-Adha sacrificial animals are likely to be reduced by up to 15 percent. Last year 8.1 million animals were sacrificed, this year 7.3 million animals are expected to be sacrificed.
He said that due to closure of business during Karuna, purchasing power has decreased. Last year, the turnover of skins in the country was more than Rs. 5 billion. This year, the turnover of skins is expected to be up to Rs. 2.5 billion.
Gulzar Feroze said that this year the price of cow skin has come down from Rs 1400 to Rs 700, goat skin has come down from Rs 200 to Rs 150 while Ram’s skin has come down from Rs 100 to Rs 80. Gulzar Feroze added that the price of camel skin has come down from Rs 500 to Rs 400 this year. Rs.