Hit repeatedly by floods in northwest Pakistan, 70-year-old to rebuild house for 10th time

Mian Awal Khan (right), 77, stands next to his son Mian Fawadullah, 35, amidst his belongings at a village wrecked by floods in the Charsadda district of Khyber Pakhtunkhwa province on April 24, 2024, during an interview with Arab News as he plans to rebuild his house for the 10th time due to the repeated floods in Pakistan’s northwest. (AN Photo)
Short Url
Updated 26 April 2024
Follow

Hit repeatedly by floods in northwest Pakistan, 70-year-old to rebuild house for 10th time

  • Mian Awal Khan lives in Charsadda district, prone to floods after heavy rains
  • 65 killed, 80 injured in heavy rains in Khyber Pakhtunkhwa province since Apr. 12

CHARSADDA, Pakistan: Mian Awal Khan stared at the remains of his house, destroyed by flooding in the River Khyali earlier this month, and cried quietly into his sleeve.

This is the 10th time the 70-year-old would have to rebuild his house in Charsadda, a district in Pakistan’s northwestern Khyber Pakhtunkhwa province prone to floods after heavy rains.

At least 65 people have been killed and 80 injured in downpours and subsequent flooding in KP since Apr. 12. Charsadda district is one of the worst hit, with three rivers, Jindi, Khyali and Kabul, meeting downstream at the Shahbara village.

Unfortunately for Khan, his house initially stood on the banks of the River Kyali and was first washed away by floods in 2010. He built a new house 500 meters away from that spot after the river carved out a path for itself on his land.

Flooding would destroy his house many times again.

“This will be the tenth time I will rebuild my house,” an emotional Khan told Arab News, seated on the concrete remains of his three-room house.

“My house was washed away by the floods six times when it was over there [initial spot] and four times when it was here.”

Khan’s 35-year-old son, Mian Fawadullah, said the family was unable to save any belongings on the day of the flooding.

“When we were busy rescuing our children and women, this [destruction] happened to our house,” he told Arab News. “We didn’t take any household items as our life was in danger. We left everything just as it was in its place.”

The flood had cost the family Rs1.5-1.6 million [$5,385-$5,744], Fawadullah said, and also destroyed 108,900 square feet of fields as well as washed away livestock and filled the fields with mud at a critical time for farming.

“Farming has also vanished now,” he lamented. “The wheat and the sugarcane have rotten in the water. This is a real mess. We do labor, prepare the field and the river washes it away [every single time].”

“EATEN MY YOUTH”

Flood survivors say they want the government to build protection walls and put in place preventative mechanisms in a country consistently ranked among the most affected by climate change impacts.

Unprecedented rains in 2022 triggered flash floods that killed over 1,700 people and caused damages worth $33 million.

Ihsan Dawar, a public relations officer at the KP Provincial Disaster Management Authority, said the government was carrying out relief works, particularly to rebuild around 3,500 houses partially or fully damaged in the recent floods.

“Up until this time, about Rs200 million [$718,096] have been distributed among the victims of the fresh spell of rain incidents,” Dawar told Arab News.

But Khan has little hope floods won’t wreak havoc on his life again.

“The river is not going to spare it [my house] here also,” he said, adding that it was cutting at the edges of the land like a “butcher cutting meat.”

When asked what he would do now, he broke down and cried quietly.

“This is too difficult,” he said about having to rebuild his house yet again. “It has eaten all my youth.”


Pakistan clears global crypto exchanges Binance, HTX under new regulatory framework

Updated 7 sec ago
Follow

Pakistan clears global crypto exchanges Binance, HTX under new regulatory framework

  • NOCs allow Binance, HTX to conduct engagement activities within Pakistan, says regulator PVARA
  • Says move allows entities to open subsidiaries in Pakistan but doesn’t constitute as operating license

ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) announced on Friday that it has granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX, the latest in a series of moves by Islamabad to regulate its fast-growing virtual assets market. 

PVARA said the NOCs were granted following a review process it conducted with public sector stakeholders which focused on governance structures, compliance frameworks, risk management controls and alignment with Pakistan’s emerging regulatory requirements for virtual asset activities.

Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight and encouraging innovation in blockchain-based financial services.

“The introduction of this structured NOC framework demonstrates Pakistan’s commitment to responsible innovation and financial discipline,” Finance Minister Muhammad Aurangzeb was quoted as saying in a press release issued by PVARA. 

The regulatory authority said the NOCs allow Binance and HTX to conduct preparatory and engagement activities within Pakistan under “defined regulatory oversight,” clarifying that it does not constitute a “full operating license.”

The NOCs allow Binance and HTX to begin registration on the FMU goAML, Pakistan’s anti–money laundering reporting platform, as reporting entries. It also allows them to engage with the Securities and Exchange Commission of Pakistan (SECP) regulator to incorporate their subsidiaries in the country. 

HTX and Binance can also prepare and submit their full VASP license applications once licensing regulations are promulgated and provide anti-money laundering (AML) registered services after the completion of their goAML registration.

“PVARA will continue to engage with domestic and international stakeholders as it advances subsequent phases of its regulatory framework,” the authority said. 

“Additional guidance regarding licensing standards, compliance obligations and supervisory expectations for virtual asset service providers will be issued in due course.”

Chairman PVARA Bilal Bin Saqib said issuing the NOCs marks the first step toward a fully licensed and regulated environment for digital assets in Pakistan. 

“By adopting a phased and internationally aligned approach, Pakistan is ensuring that only well-governed, fully compliant global platforms progress toward full licensing,” Saqib was quoted as saying by PVARA.

According to PVARA, Pakistan already ranks at number three in crypto adoption and is home to an estimated 30 to 40 million users.

It said industry-wide assessments estimate that annual digital asset trading activity linked to Pakistan exceeds $300 billion. 

The development takes place days after Prime Minister Shehbaz Sharif met a delegation of Binance in Islamabad, led by its CEO Richard Teng, to discuss regulating digital assets in Pakistan.