Eid holiday travelers left stranded as northern highway closed off after heavy rain

Commuters make their way amid rain showers in Karachi on June 15, 2023. (AFP/File)
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Updated 30 June 2023
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Eid holiday travelers left stranded as northern highway closed off after heavy rain

  • Just days ago, three people were killed and eight injured in rain-related incidents in different parts of KP
  • Lightning strikes across Punjab killed at least 10 people earlier this week amid heavy pre-monsoon rains

ISLAMABAD: People traveling to Pakistan’s northern Khyber Pakhtunkhwa province and Gilgit-Baltistan region over the Eid Al-Adha holidays were left stranded on Friday after the main Karakoram Highway and connecting roads were cut off due to heavy rainfall.

Heavy monsoon rains, coupled with strong winds, lashed areas such as Shangla’s Bisham tehsil and Hazara’s Kohistan, Battagram, and Torghar districts, causing streams and rivers to overflow and leading to blockades and road closures.

“Karakoram Highway was obstructed at over 30 points, and passengers were stuck on both tracks of the highway, particularly tourists traveling to GB and other northern areas,” Bisham Station House Officer Bakht Zahir told media, adding that authorities were trying to clear the blockades.

Ghulam Abbas, the deputy director for the National Highway Authority in Shangla and Kohistan, also confirmed the road blockades and said the Frontier Works Organization was clearing the road for “one-side traffic initially”.

Just days ago, three people were killed and eight were injured in rain-related incidents in different parts of KP. Lightning strikes across Pakistan’s eastern Punjab province also killed at least 10 people earlier this week as heavy pre-monsoon rains lashed the region.

The Pakistan Meteorological Department had predicted windstorms, thunderstorms and rain in Abbottabad, Mansehra, Haripur, Battagram, Torghar, Kohistan, Shangla, Chitral, Lower and Upper Dir, Swat, Buner, Malakand, Bajaur, Mohmand, Mardan, Swabi, Nowshera, Charsadda, Peshawar, Khyber, Kohat, Hangu, Karak, Orakzai, Kurram, Bannu, Lakki Marwat, Tank, Dera Ismail Khan, and North and South Waziristan districts in the next few days.

More than 1,700 people were killed and 8 million were displaced by floods last year, which also destroyed about a million homes and businesses across the country of 220 million people, disaster management officials say.


IMF board to meet tomorrow to consider $1.2 billion disbursement for Pakistan

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IMF board to meet tomorrow to consider $1.2 billion disbursement for Pakistan

  • Pakistan, IMF reached a Staff-Level Agreement for second review of $7 billion loan program 
  • Economists view disbursement crucial for cash-strapped Pakistan as it tackles economic crisis

ISLAMABAD: The International Monetary Fund’s (IMF) Executive Board will meet tomorrow, Monday, to consider and approve a $1.2 billion disbursement for Pakistan, according to the global lender’s official schedule. 

The meeting takes place nearly two months after the Fund reached a Staff-Level Agreement (SLA) with Pakistan for the second review of its $7 billion Extended Fund Facility (EFF) and the first review of its $1.4 billion Resilience and Sustainability Facility (RSF). 

The SLA followed a mission led by IMF’s Iva Petrova, who held discussions with Pakistani authorities during a Sept. 24–Oct. 8 visit to Karachi, Islamabad and Washington, DC.

“The International Monetary Fund’s (IMF) Executive Board will convene on Dec. 8 to consider Pakistan’s request for a $1.2 billion disbursement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), according to the Fund’s updated schedule,” the state-run Pakistan TV reported on Sunday.

Economists view IMF’s bailout packages as crucial for cash-strapped Pakistan, which has relied heavily on financing from bilateral partners such as Saudi Arabia, China and the United Arab Emirates, as well as multilateral lenders including the IMF, World Bank, Asian Development Bank and Islamic Development Bank. 

The South Asian country has been grappling with a prolonged macroeconomic crisis that has drained its financial resources and triggered a balance of payments crisis. Islamabad, however, has recorded some financial gains since 2022, which include recording a surplus in its current account and bringing inflation down considerably. 

Speaking to Arab News last month, Pakistan’s former finance adviser Khaqan Najeeb said the $1.2 billion disbursement will further stabilize Pakistan’s near-term external position and unlock additional official inflows. 

“Continued engagement also reinforces macro stability, as reflected in recent improvements in inflation, the current account, and reserve buffers,” Najeeb said. 

Pakistan came close to sovereign default in mid-2023, when foreign exchange reserves fell below three weeks of import cover, inflation surged to a record 38 percent in May, and the country struggled to secure external financing after delays in its IMF program. Fuel shortages, import restrictions, and a rapidly depreciating rupee added to the pressure, while ratings agencies downgraded Pakistan’s debt and warned of heightened default risk.

The crisis eased only after Pakistan reached a last-minute Stand-By Arrangement with the IMF in June 2023, unlocking emergency support and preventing an immediate default.