Pakistan PM highlights shared climate risks as Texas flash floods kill dozens

A drone view shows an area flooded by the swollen San Gabriel river, in Georgetown, Texas, U.S. July 5, 2025 in this screen grab from social media video. (Adam Grumbo/via REUTERS)
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Updated 06 July 2025
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Pakistan PM highlights shared climate risks as Texas flash floods kill dozens

  • Floods in Texas began on Friday as months’ worth of rain fell in a matter of hours
  • Shehbaz Sharif hopes ongoing rescue efforts help save more lives from calamity 

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif offered condolences to US President Donald Trump this week as the death toll from flash floods in Texas rose to 50, with American rescuers continuing the search for missing persons. 

The flooding began in Texas on Friday — the start of the Fourth of July holiday weekend — as months’ worth of rain fell in a matter of hours.

The National Weather Service (NWS) has warned that more rain has been forecast, and that “excessive runoff may result in flooding of rivers, creeks, streams and other low-lying and flood-prone locations.”

“Deeply saddened by the loss of precious lives in the tragic flash floods in Texas, USA,” Sharif wrote on the social media platform X on Saturday night.

“Hope the ongoing rescue efforts will be successful in saving more people from this natural calamity.”

 

 

Monsoon rains have wreaked havoc in several parts of Pakistan since June 26, with the country reporting at least 66 deaths and 127 injuries due to rain-related incidents. 

A deadly flash flood in the scenic Swat Valley, caused by a sudden rise in water levels due to monsoon rains, killed 13 members of a single tourist family last week.

“Having suffered a similar incident in northwest Pakistan just a few days ago, we can fully understand the pain and suffering of the bereaved families,” Sharif said. 

“Our thoughts and prayers are with President Trump @realDonaldTrump and the American nation at this difficult time,” he added. 

Flash floods, which occur when the ground is unable to absorb torrential rainfall, are not unusual.

But scientists say that in recent years that human-driven climate change has made extreme weather events such as floods, droughts, and heatwaves more frequent and more intense.

With additional input from AFP 


Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

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Pakistan cuts key rate by 50 bps to 10.5% in surprise move after holding for four meetings

  • An IMF staff report last week warned against premature easing, with analysts expecting SBP to hold the policy rate
  • Inflation remains within the bank’s target band, but analysts expect price pressures to rise later in the fiscal year

KARACHI: Pakistan’s central bank cut its key interest rate by 50 basis points to 10.5 percent on Monday, the bank said on its website, breaking a hold on the rate for four meetings in a move that surprised analysts and came despite IMF warnings to avoid premature easing.

All 12 analysts in a Reuters poll had expected the State Bank of Pakistan (SBP) to hold the policy rate at 11 percent.

Monday’s reduction takes the total easing since rates peaked at 22 percent to 1,150 basis points, after the SBP delivered 1,100 bps of cuts between June 2024 and May 2025 and then held the rate steady for four meetings before Monday’s move.

Inflation edged down to 6.1 percent in November from 6.2 percent in October, within the SBP’s 5 percent–7 percent target band, with analysts expecting it to rise again later in FY26 as base effects fade and food and transport prices stay volatile.

An IMF staff report last week warned against premature easing, calling for policy to remain data-dependent to anchor expectations and rebuild external buffers, even as Pakistan received a $1.2 billion disbursement under its loan program.