Another 19 people killed as heavy monsoon rains lash Pakistan

A woman wearing a raincoat wades through a flooded street during the monsoon season in Karachi, Pakistan July 8, 2022. (REUTERS)
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Updated 09 July 2022
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Another 19 people killed as heavy monsoon rains lash Pakistan

  • Torrential rains have killed 116 people in Pakistan since mid-June 
  • Travelers and tourists advised to remain extra cautious over weekend 

ISLAMABAD: Another 19 people were killed in different incidents after heavy monsoon rains lashed Pakistan in the last 24 hours, the country’s National Disaster Management Authority (NDMA) said on Friday, with the Met Office warning of more downpours over the weekend. 

The rains, which began with the onset of monsoon season in mid-June, have so far killed 116 people, with nearly half the deaths taking place in the impoverished Balochistan province in the country’s southwest, according to official figures. 

At least 56 people have died in Balochistan, 22 in Sindh, 18 in Khyber Pakhtunkhwa, 10 in Gilgit-Baltistan, five in Punjab, four in Azad Kashmir and one in Islamabad. The downpours have caused injuries to 111 people, completely destroyed 312 houses, and caused damage to another 718. 

The Pakistan Meteorological Department (PMD) has warned of more isolated falls and thunderstorms during the Eid Al-Adha holidays as monsoon currents continue to penetrate the South Asian country. 




Vehicles navigate a flooded road after heavy rainfall in Karachi, Pakistan, Friday, July 8, 2022. (AP)

“Scattered thunderstorm/rain of moderate intensity with isolated heavy falls is expected over South & Southeast Sindh and Coastal Balochistan,” the PMD said in a statement. 

“Scattered thunderstorm/rain of moderate intensity is also expected over the upper catchments of all the Major Rivers, Islamabad along with Kohat, Bannu, DI Khan, Rawalpindi, Gujranwala and DG Khan Divisions. Isolated thunderstorm/rain is expected over rest of the country.” 




Residents commute through a flooded street during the monsoon season in Karachi, Pakistan July 8, 2022. (REUTERS)

On Thursday, the PMD said heavy rains might generate urban floods in Rawalpindi, Islamabad, Peshawar, Faisalabad, Lahore, Gujranwala and Sialkot on July 9-10. It advised travelers and tourists to remain cautious during the forecast period. 

In 2010, one of the worst floods affected around 20 million people in Pakistan, with infrastructure damage running into billions of dollars and huge swathes of crops destroyed as one fifth of the country was inundated. 




A Pakistani man push his bike through a flooded road after heavy rainfall in Karachi, Pakistan, Friday, July 8, 2022. (AP_

Pakistan’s Climate Change Minister Sherry Rehman this week said the recent rains were 87 percent heavier than the average downpour in Pakistan. 

She linked the heavier rains to changes in weather patterns, saying Pakistan should be ready to face more floods as the country’s glaciers were melting at a faster pace. 
 


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.