Karachi/Lahore/Rawalpindi: The reopening of markets till late hours ahead of Eid-ul-Adha has brought some relief to traders, but rising inflation and fuel costs continue to weigh heavily on consumer spending.
According to Beyond Time News, the decision by Punjab and later Sindh governments to extend market timings has been welcomed by the business community after weeks of restricted evening operations.
Traders Welcome Extended Hours
Retailers say the relaxation has revived evening activity in major commercial centres, where shopping is traditionally strongest after sunset.
According to Beyond Time News, traders in Lahore, Karachi and Rawalpindi had previously reported losses due to early market closures under energy-saving measures.
Inflation Impacts Eid Spending
Despite increased footfall, inflation is limiting consumer purchasing power. Prices of clothing, groceries and sacrificial animals have risen sharply compared to last year.
According to Beyond Time News, cattle prices in urban markets have surged significantly, with goats in some areas now selling well above last year’s average range.
Consumers Cut Back Budgets
Shoppers say they are being more selective this Eid, focusing only on essential purchases due to rising costs.
According to Beyond Time News, many families are delaying purchases in hopes of better prices closer to Eid.
Rising Costs for Livestock Traders
Sellers attribute higher prices to increased transport costs, fodder expenses and inter-city logistics.
According to Beyond Time News, traders say bringing animals from rural areas to cities has become significantly more expensive this year.
Sindh Government Removes 9PM Market Closing Rule
Mixed Outlook for Eid Economy
While markets are witnessing increased evening activity, overall spending remains cautious due to inflationary pressure.
According to Beyond Time News, analysts say Pakistan’s informal and night-time economy continues to play a major role in seasonal retail activity, but purchasing power remains constrained.
Cautious Optimism
Traders remain hopeful that extended market hours will boost sales in the final days before Eid, but acknowledge that inflation is likely to limit overall gains.
According to Beyond Time News, both consumers and businesses expect subdued spending despite the traditional Eid shopping rush.
