China provides Gwadar port warning system to mitigate effects of natural disasters

In this photograph taken on November 13, 2016, Pakistani Naval personnel stand guard near a ship carrying containers at the Gwadar port, some 700 kms west of Karachi, during the opening ceremony of a pilot trade programme between Pakistan and China. (AFP/File)
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Updated 07 April 2024
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China provides Gwadar port warning system to mitigate effects of natural disasters

  • In March, torrential rains triggered urban floods in Gwadar and destroyed nearly 100 homes in the deep-sea port city 
  • China’s meteorological body helping Pakistani counterpart enhance its capacity to meet hydro-meteorological challenges 

ISLAMABAD: China has provided an early warning system to Pakistan’s Gwadar port to help it mitigate the effects of natural disasters such as floods and torrential rains, the state-run Radio Pakistan reported on Sunday. 

The development takes place a month after heavy rains battered Pakistan’s southwestern port city of Gwadar. Streets and neighborhoods in Gwadar as well as other districts in the Balochistan province remained inundated with floodwater for days.

The downpours destroyed nearly a hundred homes in the southwestern province and forced authorities to launch operations to rescue thousands of stranded people.

“China has provided equipment of early warning system to Gwadar port to help mitigate detrimental impacts of natural disasters like catastrophic flood and torrential rain,” Radio Pakistan said. 

China has invested heavily in southwestern Pakistan under the China-Pakistan Economic Corridor Project (CPEC), an energy and infrastructure road that Islamabad hopes would help revive its economy. The multi-billion-dollar corridor is part of President Xi Jinping’s Belt and Road Initiative (BRI). 

“The collaboration between China Meteorological Administration and PMD [Pakistan Meteorological Department] is a part of boosting China Pakistan Economic Corridor’s capacity for emergency management of major metrological disasters under the Belt and Road Initiative,” the report said. 

It said the Chinese meteorological department is helping its Pakistani counterpart enhance its institutional capabilities to meet emerging hydro-meteorological challenges.

Pakistan consistently ranks among one of the most adversely affected countries from the effects of climate change. 

Large swathes of Pakistan were submerged in 2022 due to extremely heavy monsoon rains and melting glaciers, a phenomenon linked to climate change that damaged crops and infrastructure and killed at least 1,700 people and affected over 30 million others.


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

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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. 

https://x.com/toplinesec/status/2006690862483624136

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.