During October 2009 to September 2010, aflatoxin M1 (AFM1) levels were analyzed by HPLC-FLD in 356 milk samples of different lactating species (buffalo, cow, goat, sheep and camel) from Punjab (Pakistan). Recoveries of AFM1 ranged from 92 to 97% and the limit of detection (LOD) was 0.004 μg/L. For all lactating species the mean concentration of AFM1 was significantly higher in winter season than in summer (p < 0.05). The results showed that 55, 56, 32, 58 and 27% of winter milk samples of buffalo, cow, goat, sheep and camel exceeded the EU maximum limit (0.05 μg/kg), compared with 38, 33, 21, 36 and 14% of summer milk samples, respectively. For all lactating species the mean concentration of AFM1 was significantly higher in morning milks than in evening milks (p < 0.05). The percentage of morning milk samples exceeding the EU maximum limit was 72, 67, 69, 71 and 44% for buffalo, cow, goat, sheep and camel, while for evening milks percent non compliant rates were 39, 30, 18, 33 and 25%, respectively. The level of AFM1 tended to be higher in animal species fed mainly on concentrate mixtures (buffalo and cow) than in other species grazing on fresh greens.