Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

US dollar marks modest gains as euro steadies before ECB decision

June 5, 2025

Harvard speech by Chinese graduate exposes class disillusionment and education gap at home

June 5, 2025

Robo financial adviser Syfe sinks teeth deeper into Hong Kong after US$80 million funding

June 5, 2025
Facebook X (Twitter) Instagram
Thursday, June 5
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Eid-ul-Adha 2025: trade peaks at Asia’s largest cattle market in Karachi – Markets
Economist Intelligence

Eid-ul-Adha 2025: trade peaks at Asia’s largest cattle market in Karachi – Markets

adminBy adminJune 3, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 10


As Eid-ul-Adha nears in Pakistan, trading activity is reaching its peak at the Asia’s largest cattle market, sprawling across 1,200 acres along Karachi’s Northern Bypass.

Muslims around the world celebrate Eid-ul-Adha, also known as Festival of Sacrifice, every year in the last Islamic month. This year, the first day of Eid-ul-Adha will fall on Saturday, June 7 in Pakistan.

Shahab Ali Ikram, Administrator of the Northern Bypass Cattle Market, told Business Recorder that around 250,000 animals had arrived at the market, and the number was expected to hit 300,000 by the second day of Eid.

As per an estimate, the Northern Bypass market alone is expected to record over Rs38 billion worth of business this year.

When asked about inflation and people’s purchasing power, the administrator explained that the cattle market operates on bargaining.

“Since the market operates on bargaining, it is difficult to set a minimum price. However, regarding the highest price, a trader named Saleem Chacha sold a pair of animals for Rs17.5 million (Rs1.75 crore), which so far is the largest deal in the market,” he said.

Ikram also stated that gate pass fees had been reduced in 2025 for public convenience.

The gate pass for cars was brought down from Rs6,500 to Rs3,250 per car, while the pass for motorcycles was reduced from Rs3,000 to Rs1,500 per motorcycle.

“Additionally, ATM machines from various banks have been installed inside the market for the public’s ease,” he said.

The administrator further informed that the cattle market had been divided into 12 blocks, including Sindh, Punjab, Khyber Pakhtunkhwa, Kashmir, and Sibi blocks.

Bilal Shah, who bought a cattle from the Norther Bypass market, said a free of cost gate pass was required this year to exit the market after buying an animal.

“This addition this year has helped both the buyers and sellers,” he said.

Khawaja Usman Sohail, a regular visitor to the Northern Bypass market, shared his experience that animals in the market were being sold in the price range of Rs80,000 to Rs125,000 per maund (approximately 40kg).

“Facilities in the market have improved significantly this year, ranging from cashless banking to food streets,” he said.

Regarding gate passes, Sohail mentioned that a Google Form was available to acquire the gate pass, and he appreciated the fee reduction, saying such steps would enhance the vibrancy of the cattle market.

Sohail noted that people were also buying sacrificial animals from different other small markets and cattle farms scattered across the city, for the main cattle market, located in the Northern Bypass, was far from many areas of Karachi.

Various small and large markets have been set up in parts of the city, including Malir, Bhains colony, Lyari, Mawach Goth, Yusuf Goth, Orangi Town, Gulistan-e-Jauhar, New Karachi, and many others.

It maybe noted that Commissioner Karachi Syed Hassan Naqvi had issued a notification banning illegal cattle markets and the sale of animals on roadsides.

The city administration would take strict measures to organise market activities and ensure compliance with municipal regulations, he had said.

“It is now becoming a growing trend that people prefer buying sacrificial animals from other available options as they don’t see a big price difference between the main market at the Northern Bypass and other smaller markets,” he said.

“Though the Asia’s biggest market hasn’t lost its significance as yet, this trend can have its impact in the coming years.”



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

CCP grants six exemptions to pharma sector – Business & Finance

June 5, 2025
Economist Intelligence

Euro zone bond yields muted ahead of ECB policy rate decision – Markets

June 5, 2025
Economist Intelligence

Engro Fertilizers shuts down EnVen plant for unscheduled maintenance – Business & Finance

June 5, 2025
Economist Intelligence

KSE-100 stays flat after hitting all-time high – Markets

June 5, 2025
Economist Intelligence

KSE-100 closes nearly 160 points lower after mixed trading – Markets

June 5, 2025
Economist Intelligence

Intra-day update: rupee gains against US dollar – Markets

June 5, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

CCP grants six exemptions to pharma sector – Business & Finance

June 5, 2025

Euro zone bond yields muted ahead of ECB policy rate decision – Markets

June 5, 2025

Engro Fertilizers shuts down EnVen plant for unscheduled maintenance – Business & Finance

June 5, 2025

KSE-100 stays flat after hitting all-time high – Markets

June 5, 2025
Latest Posts

PM approves plan to cut import duties on raw materials – Business

June 5, 2025

Importers struggle for dollars despite higher inflows – Business

June 5, 2025

China’s rare earth export curbs hit global auto industry – Business

June 5, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • US dollar marks modest gains as euro steadies before ECB decision
  • Harvard speech by Chinese graduate exposes class disillusionment and education gap at home
  • Robo financial adviser Syfe sinks teeth deeper into Hong Kong after US$80 million funding
  • China’s Hainan offers global internet access to some to boost free-trade port ambitions
  • Jim Cramer’s top 10 things to watch in the stock market Thursday

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

US dollar marks modest gains as euro steadies before ECB decision

June 5, 2025

Harvard speech by Chinese graduate exposes class disillusionment and education gap at home

June 5, 2025

Robo financial adviser Syfe sinks teeth deeper into Hong Kong after US$80 million funding

June 5, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.