Major Pakistani cities on alert as torrential rains threaten urban floods in next 24 hours

Commuters drive through a flooded street after heavy monsoon rains in Larkana in Sindh province on August 18, 2024. (AFP)
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Updated 18 August 2024
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Major Pakistani cities on alert as torrential rains threaten urban floods in next 24 hours

  • Pakistan is recognized as one of the most vulnerable countries to climate change
  • Monsoon downpours have killed at least 180 people across Pakistan since July 1

ISLAMABAD: Pakistan’s National Disaster Management Authority (NDMA) has put administration of all major cities on alert as heavy monsoon showers are likely to cause urban flooding in the next 24 hours, Pakistani state media reported on Sunday.

The NDMA’s National Emergencies Operation Center anticipates more monsoon rains from Sunday night till Monday with occasional gaps, the state-run APP news agency reported.

Torrential rains may trigger flash floods in low-lying areas of Islamabad, Rawalpindi, Gujranwala, Lahore, Sheikhupura, Kasur, Sialkot, Sargodha, Faisalabad, Nowshera and Peshawar.

“Residents of these areas are advised to remain vigilant and follow guidance from local authorities,” the report read. “The NDMA has issued instructions to all relevant departments to take necessary precautions to mitigate the possible effects of flooding and extreme weather.”

In the southern Sindh province, authorities have warned of flash floods in Jacobabad, Qambar Shahdadkot, Jamshoro and Dadu districts.

Torrential monsoon rains have killed at least 180 people across Pakistan, including 64 in the Khyber Pakhtunkhwa province, since July 1, according to disaster management authorities.

Pakistan is recognized as one of the most vulnerable countries to climate change effects in the world. This year, the South Asian country recorded its “wettest April since 1961,” with 59.3 millimeters rainfall and at least 144 deaths in thunderstorms and house collapses, according to authorities.

Pakistan’s President Asif Ali Zardari on Sunday stressed the need for citizens to actively participate in a national tree plantation campaign to battle climate challenges, according to an APP report.

Zardari highlighted that only 5 percent of Pakistan’s total land area is covered by forests, saying that they were under severe pressure due to increasing demand for wood and other land uses.

“Through this Monsoon Tree Plantation Campaign, we have the opportunity to make a lasting impact on our environment and secure a greener, healthier future for our younger generation,”

the president was quoted as saying.

In 2022, unusually heavy rains 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 stock market sheds over 2,000 points amid regional tensions

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Pakistan stock market sheds over 2,000 points amid regional tensions

  • KSE-100 index lost 2,025.53 points, or 1.1 percent, to close at 182,384.14
  • The development comes amid public unrest in Iran, possibility of a US strike

ISLAMABAD: The Pakistan Stock Exchange (PSX) fell sharply and lost more than 2,000 points during the intraday trade on Monday, with analysts blaming the slump on geopolitical uncertainty linked to heightened tensions in the region.

The benchmark KSE-100 index lost 2,025.53 points, or 1.1 percent, to close at 182,384.14 points, down from 184,409.67 points at the weekend close, according to PSX data.

The development came amid public unrest in Iran over worsening economic conditions, with the death toll reaching nearly 550 and the government arresting more than 10,600 people in a crackdown.

US President Donald Trump said late Sunday his administration was in talks to set up a meeting with Tehran but cautioned he may have to act first as reports mount of increasing deaths and the government continues arrests.

“[Pakistan] stocks slumped on geopolitical uncertainty,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News. “Weak global equities, political noise, and security unrest played a catalyst role in selling activity at PSX.”

Meanwhile, Pakistani market research firm Topline Securities said activity slowed noticeably as buying interest from local funds eased after last week’s strong rally.

“With the market having advanced nearly 3 percent on a WoW (week on week) basis, investors chose to lock in gains, resulting in broad-based profit-taking during the session,” it said on X.

“The pullback appears to be a healthy consolidation after the recent sharp up-move, rather than a shift in the market’s underlying sentiment.”

It said that a total of 1,055 million shares were traded at the market on Monday, with Fauji Foods Limited (FFL) topping the volume chart with 65.6 million shares.

Pakistan’s stock market has gained momentum in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months. Last week, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time ever.