ISLAMABAD: The King Salman Humanitarian Aid and Relief Center (KSrelief) completed the distribution of 12,000 food packages in the flood-affected areas of Pakistan’s northwestern Chitral and Dir districts on Wednesday, the aid agency said in a statement.
KSrelief, with one of the largest humanitarian budgets for aid agencies across the world, has been undertaking humanitarian projects across 88 countries. Pakistan is the fifth largest beneficiary of the organization’s aid and humanitarian operations. According to KSrelief data, the agency has completed 185 projects in Pakistan in education, health care, water, sanitation, hygiene, emergency camps, and community support. These projects have collectively cost roughly $173 million in the last 17 years.
Melting glaciers and heavy rainfall triggered flash floods in the country’s Dir and Chitral districts in July 2023, destroying several houses and forcing hundreds to flee the areas. KSrelief has been providing food baskets and other relief items to people affected by the floods.
“KSrelief completes distribution of 12,000 food packages to assist the recent flood-affected areas in Chitral and Dir districts of Pakistan,” the agency said. It added that the project was conducted in collaboration with Pakistan’s National Disaster Management Authority (NDMA) and aimed to ensure food security for victims of the flood in 2023-24.
The Saudi aid agency said these packages were part of the second phase of the food security support project in Pakistan for the 2023-2024 phase.
“During this second phase, KSrelief is also distributing 4,400 food packages to flood victims in Punjab’s Muzaffargarh and Bahawalnagar districts, 5,000 food packages in Sajawal and Dadu districts of Sindh province, and 11,000 food packages in Kharan, Sahabatpur, and Washuk in Balochistan,” KSrelief said. It added that the initiative aimed to benefit 226,800 people through the distribution of 32,400 food packages across Pakistan.
Each package weighs 95kg, which contains 80kg of flour, five liters of cooking oil, 5kg of sugar, and 5kg of split gram sufficient for one family throughout the month, the agency confirmed.
KSrelief completes distribution of 12,000 food packages in northwestern Pakistan
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KSrelief completes distribution of 12,000 food packages in northwestern Pakistan
- Saudi aid agency distributes food packages to flood-affected Chitral, Dir districts in Pakistan
- KSrelief has completed 185 projects in Pakistan in total, making it the agency’s fifth largest beneficiary
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.
