PM calls for 'foolproof measures' as Pakistan braces for monsoon rains, floods

Rescue workers monitor the flood situation at a bridge over a stream in Rawalpindi, Pakistan, on July 7, 2023. (AFP)
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Updated 10 July 2023
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PM calls for 'foolproof measures' as Pakistan braces for monsoon rains, floods

  • At least 80 people have died since June 25 in rain-related incidents across Pakistan
  • Rains have returned to Pakistan a year after catastrophic floods killed 1,739 people

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday directed rescue and disaster management bodies to ensure "foolproof measures" to deal with possible floods in Pakistani rivers, a statement from the Prime Minister's Office (PMO) said, as the South Asian country braces for monsoon rains and subsequent deluges.

At least 80 people have died in Pakistan in weather-related incidents since June 25, with heavy rains impacting tens of thousands of people in the nation. Authorities have been on especially high alert for the season’s first flooding after India diverted waters from dams into the Ravi River, which flows from India into Pakistan, prompting evacuations from the lowlands in eastern Punjab province.

Under the Indus Waters Treaty, which was brokered by the World Bank and signed between Pakistan and India in 1960, India has control over the waters of the three eastern rivers – the Ravi, Beas, and Sutlej – while Pakistan controls the waters of the three western rivers — the Indus, Chenab, and Jhelum.

"The prime minister directed rescue organizations to undertake foolproof arrangements to deal with the possible flood situation in Ravi, Chenab and Sutlej [rivers]," a PMO statement said. "The prime minister also directed [authorities] to ensure people are safely and timely evacuated, and are made aware [of the flood situation.]"

The NDMA said on Sunday Punjab's northern and northeastern cities including Lahore, Sialkot, and Narowal, were expected to receive heavy monsoon rains due to which Chenab, Ravi, Sutlej and their tributaries could experience flooding.

 

 

 

Rains have returned to Pakistan a year after the climate-induced downpour swelled rivers and inundated at one point one-third of Pakistan, killing 1,739 people. The floods also caused $30 billion in damage in cash-strapped Pakistan in 2022.


Pakistan regulator says over 21,600 new companies registered in first half of FY26

Updated 11 January 2026
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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.