Army concludes operation after saving all citizens on chairlift above deep Pakistan valley

In this photo released by Inter Services Public Relations, army soldiers, police officers and local volunteers take part in a rescue operation to save people, trapped in a broken cable car, in Pashto village, a mountainous area of Battagram district in Pakistan's Khyber Pakhtunkhwa province, on August 22, 2023. (Photo courtesy: ISPR)
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Updated 22 August 2023
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Army concludes operation after saving all citizens on chairlift above deep Pakistan valley

  • Chairlift stuck at altitude of around 900 feet after cable broke in Battagram district in Khyber Pakhtunkhwa province
  • Caretaker PM, interior minister praise Pakistan’s armed forces for efforts to rescue all eight stranded citizens 

ISLAMABAD: Pakistan Army successfully rescued all eight stranded persons on a chairlift suspended hundreds of feet in the air on Tuesday in northwestern Pakistan, putting an end to a rescue operation that spanned several hours due to darkness and weather conditions. 

According to the National Disaster Management Authority (NDMA), a local transportation chairlift was stuck at an altitude of around 900 feet when its cable broke in Battagram district in the northwestern Khyber Pakhtunkhwa (KP) province.

The office of the Battagram Deputy Commissioner told Arab News the incident took place at 8:00 am on as six students and two local residents were using the chairlift to cross the valley to get to school. The chairlift is operated privately by locals to facilitate transportation across the river due to the absence of roads or bridges in the remote northern region.

Pakistan Army commandos conducted a rescue operation that spanned over 10 hours to rescue the stranded citizens aboard the chairlift. Caretaker Prime Minister Anwaar-ul-Haq Kakar appreciated the armed forces, rescue officials, and district administration for the successful rescue operation.

“Relieved to know that Alhamdolillah all the kids have been successfully and safely rescued,” Kakar wrote on the social media platform X. 

Interior Minister Senator Sarfaraz Bugti confirmed the operation had concluded successfully.

“All appreciation for our valiant armed forces personnel, administration & locals for their selflessness and determination in carrying out this complex operation,” Bugti wrote on the X platform. 

The Pakistan Army had earlier rescued two children from the stranded chairlift via a helicopter operation. However, the army was forced to adopt an alternative measure from the ground due to darkness and weather conditions. 

A dolly was placed on the same wire to bring it closer to the affected chairlift, Rescue 1122 Spokesperson Bilal Faizi told Arab News. He added that the dolly was used to provide food to the stranded persons and rescue them from the chairlift, which had lost weight already after two children were earlier rescued from it. 

“Pakistan Army has brought local cable crossing experts from northern areas for this operation, whose services are also being utilized,” he added. 

Caretaker Prime Minister Anwaar-ul-Haq Kakar had directed NDMA, PDMA, and other rescue agencies to mobilize all resources for the rescue mission. He also called for setting up “stringent safety measures” on all chairlifts in mountainous regions and ordered the closure of units that did not meet safety requirements.


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.