7 die as ‘record-breaking’ rain pounds Pakistan’s Lahore city 

Women make their way through a waterlogged street after heavy rainfall in Lahore, Pakistan, on July 5, 2023. (AFP)
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Updated 05 July 2023
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7 die as ‘record-breaking’ rain pounds Pakistan’s Lahore city 

  • Lahore Commissioner says 291mm of rain in 10 hours has broken 30-year-old rain record in the city
  • Battered by rain, Lahore experiences power outages, urban flooding, electrocutions, and roof collapses

ISLAMABAD: Seven people were killed in various rain-related incidents in Pakistan’s eastern Lahore city on Wednesday as it received “record-breaking” showers, Interim Punjab Chief Minister Mohsin Naqvi said. 

Heavy monsoon rain lashed Lahore on Tuesday night and Wednesday, resulting in power outages and urban floodings in many parts of the city. Seven people were killed due to electrocutions, roof collapses, and drowning. 

Pakistan’s Meteorological Department (Met) earlier this week warned that heavy monsoon rains would lash Islamabad, Lahore, Peshawar, and other cities of the country. The weather department said the country’s low-lying areas were at risk of flooding while its northern areas could experience landslides. 

“Urban Flooding and record-breaking rain of 272ml in just 9 hours causing water ponding on roads in Lahore.,” Naqvi wrote on Twitter. 




A motorcyclist pushes his bike through a flooded street after heavy rainfall in Lahore on July 5, 2023. (AFP)

In his latest tweet, Naqvi informed that seven people had died as the rain continued. 

“Update: 291 ML Rain in Lahore since morning,” he wrote on Twitter. “7 Deaths since morning.”

The chief minister said he was monitoring the situation, adding that all Punjab government cabinet members and administration officials were in the field to clear the water. 

 

 

Lahore Commissioner Muhammad Ali Randhawa said the incessant monsoon rains had broken a 30-year-old record. 

 

 

Meanwhile, the Lahore Electricity Supply Company (LESCO) said Tuesday night that several areas of the city were experiencing power outages as the severe storm had caused many feeders to trip. Some of the feeders, LESCO said, were turned off to ensure people remained safe in the urban flooding. 

“The process to restore electricity would begin as soon as the severity of the rain declines,” LESCO wrote on Twitter. 

The melting of glaciers and heavy monsoon rains last year triggered flash floods across Pakistan, killing over 1,700 people and destroying large swathes of crops. Critical infrastructure in many parts of the country was damaged, with Pakistan estimating losses to be around $30 billion. 


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.