Pakistan warns heavy rains may trigger floods from today

Commuters drive along a road amid heavy monsoon rains in Islamabad on July 10, 2024. (AFP/File)
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Updated 26 August 2024
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Pakistan warns heavy rains may trigger floods from today

  • Torrential rains in Pakistan have killed 243 people and injured 447 since July 1, official data shows 
  • Pakistan is recognized as one of the most vulnerable countries to climate change effects in the world

ISLAMABAD: Heavy rains from Aug. 26-30 could trigger flash floods in the low-lying areas of Sindh, southern Punjab and Balochistan provinces, the Pakistan Meteorological Department (PMD) warned on Monday, as monsoon downpours have already killed 243 people and injured 447 others since July 1 in the country. 

Heavy monsoon rains since July have triggered floods and landslides in many parts of the country, notably Pakistan’s Punjab and northwestern Khyber Pakhtunkhwa (KP) provinces, which have reported the highest number of casualties. Since July 1, Punjab has reported 92 casualties and 231 injured from rain-related incidents while KP has reported 74 deaths and 128 injuries. Sindh has recorded 48 deaths and 57 injuries while Balochistan has reported 21 deaths and 13 injuries since July 1 due to rain-related incidents. 

“There is a risk of flooding in low-lying areas of Sindh, south Punjab and Balochistan due to torrential rains from Aug. 26-30,” the PMD said in a statement. 

It warned that the hill streams of Dera Ghazi Khan, Dadu, Kalat, Khuzdar, Jafarabad, Sibi, Nasirabad, Barkhan, Loralai, Awaran, Panjgur, Washak, Mastung and Lasbela could experience flooding during these days. 

Whereas the northern areas of Murree, Galiyat, Mansehra, Kohistan, Chitral, Dir, Swat, Shangla, Buner, Kashmir and Gilgit-Baltistan (GB) may experience landslides due to heavy rains, the Met office said. 

Since the onset of monsoon rains in July, Pakistan’s National Disaster Management Authority has warned tourists against traveling to areas susceptible to floods. Pakistan’s top disaster management body has also advised people to stay informed and download the NDMA’s disaster alert mobile app for timely alerts and weather reports.

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 of rainfall while some areas of the country faced a heat wave in May and June. 

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.

Scientists have attributed Pakistan’s erratic weather patterns to climate change effects and called on countries around the world to take urgent steps to tackle the crisis. 


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.