Flooding in River Sutlej threatens multiple districts in Pakistan’s Punjab, people warned 

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Flood affected people sit after being evacuated to a high ground near a flooded area of Vehari district in the Punjab province of Pakistan on August 24, 2023. (Photo courtesy: AFP)
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Women carry belongings salvaged from their flooded home after monsoon rains, in the Qambar Shahdadkot district of Sindh Province, of Pakistan, on September 6, 2022. (Photo courtesy: AP/File)
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Updated 25 August 2023
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Flooding in River Sutlej threatens multiple districts in Pakistan’s Punjab, people warned 

  • The river, traversing both northern India and Pakistan, has witnessed a significant surge after New Delhi’s release of water 
  • The National Disaster Management Authority has mobilized hundreds of boats, rescue personnel to assist in rescue efforts 

ISLAMABAD: The River Sutlej in Pakistan’s eastern Punjab province continues to flood and water torrents threaten multiple districts across the province, the country’s National Disaster Management Authority (NDMA) said on Thursday, warning people in low-lying areas. 

The river, traversing both northern India and Pakistan, has witnessed a significant surge in water level following New Delhi’s release of hundreds of thousands of cusecs from reservoirs due to the ongoing monsoon season. 

It is flooding moderately at Ganda Singh Wala Barrage, Islam Headworks and Sulemanki Headworks, according to the NDMA. The districts under threat from possible floods include Kasur, Okara, Bahawalnagar, Pakpattan and Vehari. 

“The Punjab PDMA (provincial disaster management authority) must ensure timely warning and evacuation of vulnerable people from lowlands near Ganda Singh Wala Barrage, Islam Headworks and Sulemanki Headworks on the Sutlej River and ensure provision of medical care and relief items to displaced people in the camps,” the NDMA said. 

“Monitor the flow of traffic in sensitive areas, keep the machinery ready to deal with emergency situation and make arrangements for relocation of people living in low-lying areas.” 

Pakistan is currently witnessing monsoon rains that began in late June. The showers have triggered flash floods in several areas and claimed more than 200 lives so far this year. 

With multiple Pakistani rivers experiencing persistent flooding, around 250,000 individuals have been successfully evacuated to safer places, according to the NDMA. The agency has also mobilized hundreds of boats and rescue personnel to assist the administration in rescue efforts. 

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


Pakistan stock market sheds over 2,000 points amid regional tensions

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Pakistan stock market sheds over 2,000 points amid regional tensions

  • KSE-100 index lost 2,025.53 points, or 1.1 percent, to close at 182,384.14
  • The development comes amid public unrest in Iran, possibility of a US strike

ISLAMABAD: The Pakistan Stock Exchange (PSX) fell sharply and lost more than 2,000 points during the intraday trade on Monday, with analysts blaming the slump on geopolitical uncertainty linked to heightened tensions in the region.

The benchmark KSE-100 index lost 2,025.53 points, or 1.1 percent, to close at 182,384.14 points, down from 184,409.67 points at the weekend close, according to PSX data.

The development came amid public unrest in Iran over worsening economic conditions, with the death toll reaching nearly 550 and the government arresting more than 10,600 people in a crackdown.

US President Donald Trump said late Sunday his administration was in talks to set up a meeting with Tehran but cautioned he may have to act first as reports mount of increasing deaths and the government continues arrests.

“[Pakistan] stocks slumped on geopolitical uncertainty,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News. “Weak global equities, political noise, and security unrest played a catalyst role in selling activity at PSX.”

Meanwhile, Pakistani market research firm Topline Securities said activity slowed noticeably as buying interest from local funds eased after last week’s strong rally.

“With the market having advanced nearly 3 percent on a WoW (week on week) basis, investors chose to lock in gains, resulting in broad-based profit-taking during the session,” it said on X.

“The pullback appears to be a healthy consolidation after the recent sharp up-move, rather than a shift in the market’s underlying sentiment.”

It said that a total of 1,055 million shares were traded at the market on Monday, with Fauji Foods Limited (FFL) topping the volume chart with 65.6 million shares.

Pakistan’s stock market has gained momentum in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months. Last week, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time ever.