Unusually high temperatures in Pakistan lead to rapid melting of glaciers, threaten lives

In this picture taken on June 9, 2022, a local resident stands beside his damaged house after it was swept by a lake outburst because of a melting glacier, in Hassanabad village of Pakistan's Gilgit-Baltistan region. (AFP/File)
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Updated 01 June 2024
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Unusually high temperatures in Pakistan lead to rapid melting of glaciers, threaten lives

  • Pakistan is home to more than 7,253 glaciers, containing more glacial ice than any other country on earth outside polar regions
  • Officials, experts believe climate change is behind swift melting of glaciers that could affect regular water availability in Pakistan

ISLAMABAD: Unusually high temperatures in Pakistan’s northern areas have resulted in rapid melting of glaciers, officials and experts said on Friday, warning that the prolonged phenomenon could lead to water shortages and threaten lives in the longer run.
The South Asian country of 241 million is home to more than 7,253 known glaciers, and contains more glacial ice than any other country on earth outside the polar regions. Almost all these glaciers lie in the northern region of Gilgit-Baltistan and the Khyber Pakhtunkhwa province.
The glaciers are an essential source and provide around 70 percent of fresh water for Pakistan that flows into the rivers, supplying drinking water to humans, ecological habitats and for agricultural activity, and even powers electricity, according to the Green Network. But recent heatwaves and above normal temperatures are causing the snow to melt faster.
“The glaciers are our water bank and a lifeline for the whole country, but the high temperatures and climate change are resulting in their fast melting,” Dr. Zaheer Ahmed Babar, a director at the Pakistan Meteorological Department, told Arab News.
“The ratio of snow melting and subsequent water flow in the rivers are comparatively high as temperatures in the northern regions have recorded an increase of four to five degrees Celsius this month. In the longer run, if the phenomenon of high temperatures persists in the northern regions, our snow accumulation on the glaciers may lead to depletion and cause water shortages across Pakistan.”
Pakistan is currently witnessing a heatwave, with temperatures this week soaring above 52 degrees Celsius in the country’s southern regions, according to the PMD.
Babar said extreme weather patterns in Pakistan were getting prolonged with the passage of time, resulting in floods, heatwaves and a rise in seawater level, adding that the mercury was expected to drop after June 15 with the advent of the pre-monsoon rains.
Following an increased waterflow in rivers this month, the Indus River System Authority (IRSA) has increased the share of water for all provinces, bridging shortages for drinking and agriculture purposes.
“There are no water shortages now as we have been providing water to all the provinces as per their actual demand,” Khalid Idrees Rana, an operations director at IRSA, told Arab News.
“Our rivers are swelling at the moment due to the increased waterflow from the melting glaciers. The unusual high temperatures in the area are resulting in increased waterflow.”
Rana said the authority was providing 140,000 cusecs each to Punjab and Sindh provinces, 11,000 cusecs to Balochistan and 3,000 cusecs to Khyber Pakhtunkhwa.
“The increased waterflows in rivers are good for agriculture in the short term, but this could be dangerous in the longer term as we need a sustainable supply of water from our glaciers the whole year,” he said.
Experts have linked the increase in melting of glaciers to adverse impacts of climate change and called on people to adapt to sustainable use of water, especially in the agriculture sector, to conserve the precious resource.
“The fast glacier-melting is obviously the climate change phenomenon, and Pakistan needs to mobilize a global effort to mitigate its impacts through reduction in carbon emissions,” Dr. Qamar Zaman, a lead author of Pakistan’s national climate change policy, told Arab News.
“We need to ensure sustainable use of water by discouraging flood irrigation as the swift glaciers melting could affect regular water availability in the country.”


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

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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.