Met Office issues flooding alert for Pakistan’s Punjab as rain kills many in Lahore 

Passengers wade through a flooded bus terminal caused by heavy monsoon rainfall in Lahore, Pakistan, Wednesday, July 5, 2023. Officials say heavy monsoon rains have lashed across Pakistan, killing a number of people. (AP)
Short Url
Updated 06 July 2023
Follow

Met Office issues flooding alert for Pakistan’s Punjab as rain kills many in Lahore 

  • At least 24 people have died in weather-related incidents since monsoon rains began last week 
  • The monsoon season officially started this week and will continue in Pakistan until September 

ISLAMABAD: The Pakistan Meteorological Department (PMD) has issued a flooding alert for Pakistan’s eastern province of Punjab after a heavy monsoon rain killed at least seven people in the provincial capital of Lahore. 

At least 24 people have died in weather-related incidents since the pre-monsoon rains began last week, including three who were killed a day earlier in the northwestern Khyber Pakhtunkhwa (KP) province. 

The monsoon season officially started this week and will continue until September in the South Asian country. The first spell of rainy weather was expected to last until Saturday. 

A deep trough of westerly wave along with strong incursion of monsoon currents may cause very heavy rainfall over the upper catchments of Sutlej, Ravi, Chenab and Jhelum rivers in Punjab, according to the PMD. 

“Due to these meteorological conditions, Very High to Exceptionally High level flooding is expected in River Chenab,” it said in a statement. 

“Flood situation in Rivers Ravi and Sutlej will depend upon releases from India. High to very High level Flooding is also expected in the Nullah’s of Rivers Ravi and Chenab.” 

Pakistan last year witnessed one of the worst floods that submerged a third of the country at one point. The deluges killed more than 1,700 people, affected another 33 million and caused over $30 billion losses. 

Lahore received a record 272 millimeters (10.7 inches) of rain in nine hours on Wednesday, flooding streets and the city’s canal. The last time Lahore received such a deluge was 30 years ago, officials said. 

Pakistan’s capital, Islamabad, also had a heavy downpour this week. The National Disaster Management Authority warned local authorities to prepare for emergencies such as flooding and landslides. 


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

Updated 01 January 2026
Follow

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.