15 killed, 20 injured in two days as monsoon rains lash northwestern Pakistan 

Rescue workers clean the basement of a house damaged by flash flood waters in Darra Adamkhel, Khyber Pakhtunkhwa province of Pakistan, on July 30, 2024. (AFP)
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Updated 05 August 2024
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15 killed, 20 injured in two days as monsoon rains lash northwestern Pakistan 

  • Torrential monsoon rains killed 38 people in Khyber Pakhtunkhwa, Punjab provinces last week
  • Disaster management authority says has provided relief items to people in affected districts 

PESHAWAR: Fifteen people have been killed and 20 injured in the last two days due to heavy rains and flash floods in the northwestern Khyber Pakhtunkhwa (KP) province, the disaster management authority said in a report on Monday, as Pakistan struggles to mitigate the disastrous effects of monsoon downpours. 

Torrential monsoon rains in Pakistan killed at least 38 last week in KP and Punjab provinces. Heavy to moderate rainfall in several parts of the country has triggered urban floods and landslides, prompting the NDMA to warn citizens to exercise caution during the fresh spell of rains.

“Fifteen people have been killed and 20 injured due to rains and flash floods in the last two days,” the Provincial Disaster Management Authority (PDMA) said in a report. “As per the report, the casualties include five men, four women and six children whereas the injured include five men, three women and 12 children.”

The authority said 19 houses were destroyed due to the heavy rains while 54 were damaged partially. The casualties and financial losses were reported in the northwestern districts of Chitral Upper and Lower, Malakand, Dir Lower, North and South Waziristan, Tank, Karak, Charsadda, Bajaur, Buner and Shangla. 

The PDMA said its Emergency Operations Center is continuously monitoring the flow and level of water in the KP’s rivers through the flood warning system, adding that it has provided relief items to people in the affected districts of Chitral Upper and Lower.

“Relief items include blankets, tents, beds, mats, mattresses, mosquito nets, kitchen sets and other daily life items,” the PDMA said. 

The authority said it was carrying out relief operations with local administrations in affected areas and was making use of small and heavy machinery to open blocked roads. 

Pakistan is recognized as one of the world’s worst-affected countries due to climate change impacts. The South Asian country has experienced torrential rains, droughts and heat waves that have become more severe and erratic over the past couple of years.

Last week, the state-run Associated Press of Pakistan (APP) warned of glacial lake outburst floods (GLOF), flash floods and landslides in the country’s northern Gilgit-Baltistan (GB) and KP areas from August 3-6. It also said that high to very high-level of flash flooding is expected in Pakistan’s southwestern Balochistan province. 

Unusually heavy rains in June 2022 triggered flash floods in many parts of the country, killing over 1,700 people, inflicting losses of around $30 billion, and affecting at least 30 million people.


Pakistan disburses record $9.2 billion agricultural loans in FY25, central bank says

Updated 57 min 40 sec ago
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Pakistan disburses record $9.2 billion agricultural loans in FY25, central bank says

  • State Bank says farm lending rose 16 percent year-on-year to Rs2.58 trillion
  • Inflation eased to 5.8 percent in January as GDP growth hits 3.7 percent in Q1 FY26

KARACHI: Pakistan disbursed a record Rs2.58 trillion ($9.2 billion) in agricultural loans during fiscal year 2024–25, a 16 percent increase from the previous year, State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Thursday while chairing a meeting of the Agricultural Credit Advisory Committee (ACAC).

Agricultural financing is considered critical to Pakistan’s rural economy, where farming contributes nearly one-fifth of GDP and employs a large share of the workforce. The government has repeatedly emphasized expanding credit access to small farmers as part of broader efforts to boost productivity, stabilize food supply and support economic recovery under an IMF-backed reform program.

According to official data shared at the meeting, agricultural credit disbursement reached Rs2.58 trillion in FY25, marking a record high. In the first half of FY26 alone, banks disbursed Rs1,412 billion in agricultural loans, while the number of borrowers increased to 2.97 million.

“During fiscal year 2025, record agricultural loans of Rs2.58 trillion were disbursed, reflecting an annual growth of 16 percent,” the State Bank governor said, according to a statement issued after the meeting.

He added that Pakistan had regained macroeconomic stability and that the economy was moving toward sustainable growth.

The governor said GDP growth in the first quarter of FY26 stood at 3.7 percent, while full-year growth was projected between 3.75 percent and 4.75 percent.

He also noted that headline inflation had declined to 5.8 percent in January 2026.

The committee reviewed measures to further expand credit access, including greater use of the central bank’s Zarkhez-e scheme to facilitate agricultural lending. Members also discussed promoting electronic warehouse receipt financing to enhance post-harvest liquidity and reduce distress sales of crops.

The statement said the purpose of electronic warehouse receipt financing was to “reduce forced sales of crops and strengthen linkages within the agricultural market.”

Agricultural lending has been a focus of Pakistan’s financial inclusion strategy, particularly as policymakers seek to improve rural incomes, stabilize food prices and strengthen export-oriented crop production amid broader economic reforms.