Punjab has achieved a significant milestone in its livestock sector, with cattle market auctions generating a record-breaking Rs. 5.56 billion for the fiscal year 2023-24. This marks an impressive increase of Rs. 1.84 billion compared to the previous year, reflecting the province’s robust livestock economy.
The Shahpur Kanjran livestock market in Lahore emerged as the highest contributor, securing contracts worth Rs. 1.11 billion. Overall, the Lahore division’s four cattle markets amassed over Rs. 1.32 billion. Other divisions, including Faisalabad, Multan, Sargodha, Gujranwala, Sahiwal, Dera Ghazi Khan, Bahawalpur, and Rawalpindi, collectively generated more than Rs. 1.2 billion from 15 cattle markets. Notably, Bahawalpur and Rawalpindi districts alone accounted for approximately Rs. 568 million, indicating a Rs. 251 million increase from the previous year.
The auctions witnessed participation from around 850 bidders, a significant rise from the previous year’s 500, showcasing growing investor confidence in Punjab’s livestock sector. The bidding process, held from May 5 to 8, was broadcast live on social media and select news channels to ensure transparency and public trust.
This substantial revenue generation underscores the pivotal role of livestock in Pakistan’s economy, particularly during Eid-ul-Adha, when demand for sacrificial animals surges. The Punjab government’s strategic initiatives, including the introduction of digital cattle markets and enhanced auction processes, have contributed to this economic upturn.
