KSRelief completes food distribution project in Pakistan’s flood-hit north 

Men are carrying food bags donated by SaudiArabia’s King Salman Humanitarian Aid and Relief Center for flood affectees of Gilgit Baltistan in Pakistan on August 23, 2021. (Photo courtesy: KSRelief)
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Updated 23 August 2021
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KSRelief completes food distribution project in Pakistan’s flood-hit north 

  • Project benefited about 7,000 individual living in four remote villages in Gilgit Baltistan region
  • Pakistan is the fifth-largest recipient of aid from the Saudi-based international aid agency

ISLAMABAD: The King Salman Humanitarian Aid and Relief Center (KSRelief), a Saudi-based international aid agency, has completed a food distribution project in Pakistan’s flood-affected Gilgit Baltistan region, the orgaization said on Monday.
In July, a Glacial Lake Outburst Flood (GLOF) arose in Badswat valley, north of Ghizer district in Gilgit Baltistan, resulting in a surge in water flow in the Ishkoman River, which badly affected roads linking the area and other parts of Ghizer district and the rest of Gilgit-Baltistan.
According to Pakistan’s National Disaster Management Authority (NDMA), from July 1 to August 22, six people including two women and one child died in rains and flood related incidents in GB.
Since then, KSRelief has been distributing food bags in the area in collaboration with the NDMA.
“The project benefited about 7,000 individual living in four totally cutoff villages,” a KSRelief statement said.




Food bags donated by SaudiArabia’s King Salman Humanitarian Aid and Relief Center for flood affectees are being distributed in Gilgit Baltistan, Pakistan, on August 23, 2021. (Photo courtesy: KSRelief)

One thousand food bags were distributed among affected people. “Each bag contained flour bag of 20kg, rice bag of 5 kg, cooking oil of 5 liters, 5kg of sugar, 5kg of Daal Channa, and 950 grams of black tea,” the statement read.
Pakistan is the fifth-largest recipient of aid from KSRelief and has received $117.6 million in aid since 2005, according to a report published by the organization in 2019.
According to that report, KSRelief has completed 84 projects in Pakistan in the fields of education, health care, water, sanitation, hygiene, emergency camps and community support that have cost roughly $100 million in the last 14 years. It has also completed 22 food security projects in the country during the same period.


Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

Updated 01 January 2026
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Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts

  • Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
  • Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December 

KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate. 

The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points. 

Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last ‌month, breaking a four-meeting ‌hold in a move ‌that ⁠surprised ​markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry. 

“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News. 

The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.

Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.

“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said. 

Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”

“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.