Northwestern Pakistani province works on monsoon contingency plan after rains kill 10 people

Commuters make their way through a flooded street after a heavy rain shower in Peshawar on August 17, 2022. (AFP/File)
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Updated 02 April 2024
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Northwestern Pakistani province works on monsoon contingency plan after rains kill 10 people

  • The casualties occurred last week, when heavy rains and hailstorms lashed the Khyber Pakhtunkhwa province for days
  • In 2022, monsoon rains triggered most devastating floods in Pakistan, killing 1,700 people and affecting another 33 million

ISLAMABAD: Authorities in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province are working on a monsoon contingency plan for this year, the provincial disaster management authority (PDMA) said on Tuesday, days after torrential rains killed at least 10 people in the province. 

The casualties occurred in Shangla, Bannu, Bajaur, Peshawar, Swat and other districts as heavy rains and hailstorms lashed the northwestern province from March 29 till March 31.

Pakistan has been facing a range of climate-related challenges and is considered one of the top 10 places in the world most vulnerable to erratic weather patterns.

To preempt any monsoon-related disasters, the PDMA said it had embarked on a “comprehensive” contingency plan for this year.

“The plan aims to engage all relevant stakeholders in identifying potential hazards, vulnerabilities, and risks associated with the monsoon season,” it said in a statement.

“By mapping available resources, the authorities seek to minimize disaster risks and ensure a well-coordinated response to any emergencies that may arise.”

Pakistan produces less than one percent of the world’s carbon footprint but, according to the Global Climate Risk Index, has lost nearly ten thousand lives and suffered economic losses worth $3.8 billion due to climate change throughout the years 1999 to 2018.

In 2022, torrential monsoon rains triggered the most devastating floods in Pakistan’s history, killing around 1,700 people. Over 33 million people were affected by the floodwaters — a staggering number close to the population of Canada. Millions of homes, tens of thousands of schools as well as thousands of kilometers of roads and railways still need to be rebuilt.


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

Updated 01 January 2026
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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.