Due to the closure of airspace and sea routes by Arab countries, exports of mutton and beef from Pakistan have been completely suspended, which is likely to lead to a decline in prices.
According to the details, the airspace of multiple Arab countries has been closed for five days. Due to the airspace closure, exports of meat, including mutton and beef, are completely suspended.
Several reports also confirmed that the meat industry faced heavy losses in these five days due to the suspension. At the same time, there are high chances that meat, especially mutton and beef prices, will drop due to the suspension of exports.
After the export suspension, the meat, including mutton and beef, is available in abundant quantity.
How much will prices fall?
In this situation, there is a strong possibility of a reduction in the price of mutton by Rs. 800 and the price of beef by Rs. 500 per kg. It should be noted that the supply of meat to Afghanistan has already been stopped.
On the other hand, large wholesale dealers in Lahore and Karachi have taken advantage of this crisis and started raising prices in the local market.
Meat prices are spiralling out of control due to the lack of effective action by the administration in the wholesale market.
Currently, goat meat is being sold in the open market for Rs 2,600 to 3,000 per kilogram, while beef has reached a high level of Rs 1,200 to 1,600 per kilogram.
Meat exporters say that the closure of routes threatens to spoil their finished goods, which is harming not only traders but also the country’s foreign exchange.
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