For the fifth consecutive day, Pakistan’s meat exports have come to a halt, affecting Gulf markets and traders dependent on mutton and beef supply. This disruption has raised concerns among exporters and local markets.

Traders in Rawalpindi have warned that the suspension of exports could lead to significant financial losses for businesses dealing in beef and mutton. If the supply chain blockage continues, domestic prices may fall due to surplus stock piling up.

Market estimates indicate that mutton prices may drop by up to Rs800 per kilogram, while beef could fall by around Rs500 per kilogram. Goat and beef exports to Afghanistan are also already suspended, adding further pressure on domestic markets.

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Meanwhile, Pakistani authorities are reviewing fuel prices amid growing tensions in the Middle East following attacks by Israel and the US on Iran. Officials are considering shifting to a weekly review system for petroleum prices, similar to the model used during the COVID-19 pandemic.

The main objective of weekly price adjustments is to prevent dealers from hoarding fuel supplies, especially if they expect significant price hikes. Authorities hope this measure will stabilize the market and reduce unnecessary panic buying.