UAE, Saudi Arabia, others have sent 135 flood relief flights to Pakistan since August — foreign office

The file photo shows relief goods, for flood survivors, being offloaded from one of the two flights from UAE at the Jinnah International Airport Karachi on August 29, 2022. (Government of Pakistan/File)
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Updated 04 October 2022
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UAE, Saudi Arabia, others have sent 135 flood relief flights to Pakistan since August — foreign office

  • Floods have affected 33 million Pakistanis and 5.7 million are facing a serious food crisis
  • The South Asian country is jointly launching with the UN a revised flash appeal on Tuesday

ISLAMABAD: Pakistan has received a total of 135 flood relief flights from different countries since August, the Pakistani foreign office said on Monday, with the United Arab Emirates (UAE), United States (US) and Saudi Arabia as top contributors.

Pakistan has been hit by unprecedented hit by the worst floods since the onset of monsoon season, which have killed nearly 1,700 people, affected 33 million and cost the country an estimated $30 billion. The flights carrying humanitarian aid have been a key source of supplies to the affectees in flood-hit areas, many of which still remain marooned.

So far, the UAE has dispatched 41 flights, US 21, Saudi Arabia 10, Turkiye 15, China 4, Uzbekistan 1, Qatar 4, France 1, UNICEF 4, UNHCR 14, Turkmenistan 1, WFP 3, Jordan 1, Nepal 1, UK 1, Oman 8, Russia 1, Greece 1, Italy 1 and Indonesia has sent 2 flights to Pakistan, the Pakistani foreign office said.

Together with the United Nations (UN), the South Asian country is jointly launching a revised flash appeal today, on Tuesday.

“The Floods Response Plan has been prepared in close coordination between the Government of Pakistan and the United Nations, and focuses on providing necessary assistance to the vulnerable people affected by the unprecedented floods,” the Pakistani foreign office said in another statement on Monday.

“It complements the Government’s overall response to the recent climate-induced floods in Pakistan.”

Also on Monday, the UN humanitarian agency warned that about 5.7 million Pakistani flood survivors will face a serious food crisis in the next three months.

A top UN official announced an increase in the humanitarian appeal for Pakistan to $816 million, from $160 million, amid rising deaths from disease.

In Geneva, Julien Harneis, the UN resident coordinator in Pakistan, told reporters that aid agencies needed more funds to prevent a “second wave of destruction” from waterborne and other diseases in Pakistan. He said the UN weeks ago issued an appeal for $160 million in emergency funding to respond to the floods but considering the scale of devastation, the Aug. 30 appeal was not enough.

The UN Office for the Coordination of Humanitarian Affairs in its latest report Saturday said the current floods are expected to exacerbate food insecurity in Pakistan and said 5.7 million people in flood-affected areas will be facing a food crisis between September and November.

Even before the floods, according to the World Health Organization, 16 percent of the population was living in moderate or severe food insecurity.


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

Updated 49 min 22 sec ago
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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.