Aid from Pakistan, Middle East reaches eastern Afghanistan after deadly quake

An Afghan man stands besides the ruins of a house damaged after an earthquake in Gayan district, Paktika province, on June 24, 2022. (AFP)
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Updated 24 June 2022
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Aid from Pakistan, Middle East reaches eastern Afghanistan after deadly quake

  • A 6.1-magnitude quake struck Afghanistan’s Paktika, Khost provinces on Tuesday
  • Pakistan dispatches over 16 trucks of relief items, sets up medical camp in Khost

KABUL/PESHAWAR: Relief goods from the Middle East, Pakistan and India have started reaching earthquake-hit parts of eastern Afghanistan, as Taliban authorities said on Friday they had ended rescue efforts after the deadliest quake in decades. 

The 6.1-magnitude quake hit several areas of Paktika and Khost provinces that border Pakistan on Tuesday night, flattening homes as people slept. Paktika was worst affected by the calamity. Afghanistan’s state-run Bakhtar news agency reported that the death toll had risen to 1,150 people, including at least five killed by an aftershock in Gayan on Friday. 

The emergency response has been complicated and rescuers have been working without proper equipment, as many international organizations pulled out of the aid-dependent country when the Taliban seized power in August 2021. Efforts were also hampered by heavy rain and poor connectivity in the affected areas. 

The Taliban government has requested foreign assistance, some of which has already arrived from the Middle East and neighboring India and Pakistan to help survivors. 

“Search operations are over, but helicopters are still on the ground if any injured people are found,” Ministry of Defense official Rohullah Omar told Arab News from Paktika. “There’s adequate emergency aid reaching the area.” 

Afghan authorities said on Thursday that aircraft with aid had also arrived from Qatar, Iran, and India, and trucks with food and medical supplies reached Paktika by road from Pakistan. Bakhtar news agency said that on Friday an aircraft with food assistance from the United Arab Emirates (UAE) landed in Khost, from where the aid will quickly reach Paktika by road and military helicopters. 

The provincial government in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province continued to dispatch medical aid and relief items to Khost on Friday, Pakistani officials confirmed. 

“Today (Friday), we dispatched 16 trucks loaded with 500 tents, 500 kitchen kits, 500 hygiene sets, 500 mattresses and 200 tarpaulin sheets to North Waziristan for distribution onwards among the survivors in Khost and other quake-hit areas of the neighboring country,” Shareef Hussain, director-general of the KP Provincial Disaster Management Authority, told Arab News. 




Pakistan dispatches second tranche of humanitarian assisstance to Afghanistan on June 24, 2022. (NDMA)

Khateer Ahmad, director-general of Pakistan’s Rescue 1122 service, said his department had established a relief camp in Khost for the treatment of survivors. 

“For now, at least 40 persons with multiple injuries have been provided medical aid at the center,” Ahmad said. “Those seriously wounded will be transported to Pakistan via ambulances.” 




Pakistan’s Rescue 1122 service provide medical help to the wounded in Khost, Afghanistan, on June 24, 2022. (Rescue 1122)

Iqbal Wazir, the KP provincial minister for relief, rehabilitation and settlement, told Arab News from North Waziristan tribal district that a medical camp had already been established in Alwarra, a town on the Pakistan-Afghanistan border. “Civil and military officials in North Waziristan have stepped up efforts to facilitate the quake victims in every possible way. We plan to establish more medical camps, including the one at Ghulam Khan border [crossing],” he added. 

As food supplies have already arrived in the affected areas, the most urgent need now was shelter since the majority of the region’s inhabitants were left homeless. 

“People need shelter, and we would want aid organizations to help people with building their houses,” Omar said, as the extent of the destruction in the villages tucked away in the mountains was slowly coming to light. 

The quake was the deadliest in Afghanistan since 1998, when magnitude 6.5 tremors killed more than 4,000 people in Takhar province in the country’s north. 

UN teams deployed to deliver emergency supplies estimated more than 70 percent of homes in the worst-hit regions had been destroyed. 

Abdulfatah Jawad, the head of Ehsas Welfare and Social Services Organization, one of the local NGOs delivering assistance to Paktika, told Arab News that immediate food relief was sufficient and regularly distributed, but more tents and blankets were needed. 


Pakistani companies likely to raise over $89 million in new stock listings this year

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Pakistani companies likely to raise over $89 million in new stock listings this year

  • Farrukh H. Sabzwari says approvals for two listings already granted while 10 more Initial Public Offerings are expected over next 12 months
  • Economists expect KSE-100 index to reach 208,000 points by Dec., reflecting pent-up demand, strategic expansions and broader investor appetite

KARACHI: The Pakistan Stock Exchange (PSX) expects at least a dozen new listings this year, the PSX chief executive officer said on Monday, with the new entrants likely to raise as much as Rs25 billion ($89.3 million) in funding through the equity market.

Pakistan’s benchmark KSE-100 index has rallied to new highs and recorded returns of around 50 percent in Calendar Year (CY) 2025. The market closed at 182,384 points on Monday.

Around 135,000 new investors have also joined the PSX over the last 18 months, according to Pakistani state media.

“Continuing with the momentum, in CY2026, approvals for two Main Board listings have been granted,” PSX CEO Farrukh H. Sabzwari, who has previously served as a local partner of BoA Merrill Lynch and country head of CLSA Emerging Markets in Pakistan, told Arab News.

“PSX is expecting 10 more IPOs (Initial Public Offerings) over next 12 months across various sectors.”

Pakistan’s growing stocks mirror the country’s stabilizing economy which Prime Minister Shehbaz Sharif’s government expects would expand 3.9 percent this fiscal year through June with the help of the International Monetary Fund’s reforms-oriented $7 billion loan program.

The new IPOs would cover food, pharmaceutical, real estate investment trust (REIT), engineering, technology, oil and gas marketing, insurance, auto parts, manufacturing and energy sectors of the economy, according to Sabzwari.

Last year, the PSX listed Zarea Limited, Barkat Frisian Agro Limited, Image REIT, Pak Qatar Family Takaful, Blue-Ex Limited, Nets International Communication Limited and the Pakistan Credit Rating Agency Limited. These listings helped companies raise Rs4.3 billion ($15.4 million) of funding.

In addition, the PSX debt market witnessed seven issuances, valuing Rs10.5 billion ($37.5 million). Pakistan’s finance ministry raises funds through PSX by selling borrowing instruments like Islamic sukuk.

The PSX recorded the highest eight IPOs in a single year in 2021, according to Shankar Talreja, head of research at Topline Securities Ltd. It would be a record if the market lists 12 new entrants this year.

Sana Tawfiq, an economist at Karachi-based brokerage research firm AHL, described the market performance last year as “exceptional.”

“With projected fundraising of up to Rs25 billion ($89.3 million), the upcoming pipeline reflects pent-up demand, strategic expansions, and a broader investor appetite,” she said.

Tawfiq expects the KSE-100 index to reach 208,000 points by Dec. this year.

“As we look toward 2026, Pakistan’s equity market is entering a phase defined by stability, depth, and sustainable growth,” the economist said.

“The market is now transitioning toward a more measured trajectory.”

Key drivers in 2026 would likely include sustained domestic liquidity in equities, strengthening foreign reserves and a contained current account deficit, successful completion of the Pakistan International Airlines (PIA) privatization alongside accelerating progress on privatization and restructuring of power distribution companies (DISCOs), continued efforts to resolve circular debt in both power and gas sectors, and supportive global commodity prices, according to Tawfiq.

In a recent note to its clients, Topline Securities said the current IPO momentum was driven by macroeconomic stability under the IMF program, improving investor confidence and a declining interest rate environment.

Pakistan’s central bank last month cut its interest rate by 50 basis points to 10.5 percent in a surprising move aimed at boosting economic growth in the inflation-hit country.

“Despite ongoing geopolitical and macroeconomic uncertainties, investor sentiment continues to improve,” it said.