Karachi: Pakistan is likely to sacrifice millions of cattle on Eid Al Adha, to be observed on Wednesday generating significant economic activity worth $3-4 billion (Dh11-15 billion) besides performing their religious duty, analysts Tuesday said.
Pakistanis expected to slaughter around six million goats, sheep, cows and camels worth an estimated price of roughly Rs200 billion (Dh7 billion). The animals’ hides and skins, besides offal, horns and hooves also stir tens of billions of rupees into business.
“It is a good opportunity for the rural farmers and breeders who bring their animal to the cities where the people slaughter them in large number on Eid,” Mohammad Sohail, chief executive of Topline Securities said.
“To a rough estimate, Eid adds value into the economy to the tune of up to $4 billion,” he said.
In Karachi, one of the largest cattle markets is set up in the northern outskirts of the city where people started visiting. The slaughtering also poses a challenge to the civic agencies in the city as collection of offal has been a big task.
Emergency control rooms have been set up in 18 zones of the city which with the central complaint cell at the Civic Centre, in the central city. The control rooms remain functioning round the clock for the three days of Eid.
The municipal offices estimated that over one million animals would be slaughtered in this mega city.
The metropolitan chief also called upon the people to dump the offal at their nearest garbage collection point so that the sanitary staff could lift it timely and properly. The people were also called upon to not throw offal and casings onto roads, streets, public parks, empty plots of land or into sewage lines.