Skin traders have cut the price of cow/ bull hide to Rs500, which was last year sold up to Rs3000, while goat/ sheep skin price have been determined to be between Rs100 and Rs200, which was last year sold between Rs350 and Rs700.
Millions of sacrificial animals are slaughtered on this occasion across Pakistan.
Read More: MQM announces not to collect hides/ skins this year
This decision of traders will give welfare organizations and madrasas a huge loss which traditionally yield huge capital on this occasion.
Read More: Punjab govt makes NOC mandatory for collection of hides
Madrassas and welfare organizations are reportedly mulling action against traders’ monopoly.
