Nearly 150 killed as Pakistan’s deadly monsoon season intensifies

Commuters wade through a flooded street during heavy monsoon rains in Hyderabad, in Sindh province, on July 14, 2025. Monsoon rains in Pakistan have been linked to more than 110 deaths including dozens of children since they arrived in late June, according to government figures released on July 14. (AP)
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Updated 16 July 2025
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Nearly 150 killed as Pakistan’s deadly monsoon season intensifies

  • At least 77 dead in Punjab as roof collapses drive surge in monsoon fatalities 
  • Officials urge precautions after 27 people killed in 24 hours in Punjab province 

ISLAMABAD: Nearly 150 people in Pakistan have died and hundreds have been injured since late June due to heavy monsoon rains this season, disaster management authorities said on Wednesday.

The monsoon season brings South Asia up to 80 percent of its annual rainfall, arriving in early June in India and late June in Pakistan, and lasting through until September.

The annual rains are vital for agriculture and food security, and the livelihoods of millions of farmers. But they also bring with them flooding and landslides and cause buildings to collapse.

“Due to this year’s monsoon rains, 77 citizens have died and 214 have been injured,” a spokesperson for the Provincial Disaster Management Authority (PDMA) in Punjab, Pakistan’s most populous province, said in a statement. 

In the past 24 hours alone, 27 people had died and 46 more injured across the province, the statement added.

On Monday, the National Disaster Management Authority (NDMA) had warned of another wet spell in the country from July 15 till July 17 and said the death toll from monsoon rains and floods had reached 111 since June 26. With the fresh deaths in Punjab over the last 24 hours, that figure is nearing 150.

“Most deaths have been recorded due to roofs collapsing in dilapidated buildings and old houses,” DG PDMA said, urging citizens to avoid staying in old mud homes and to take extra precautions.

“Citizens are requested to take precautionary measures in view of the rainy season … Citizens are urged not to stay in old mud houses under any circumstances.”

On the instructions of Punjab’s chief minister, the injured are being provided “the best possible medical aid” and families of those killed will receive financial assistance under the provincial government’s policy, the agency added.

Children should be kept away from electric wires, poles, and low-lying flooded areas to prevent further casualties, the PDMA said. 

“By adopting precautionary measures, loss of life and property can be avoided.”

Pakistan, despite contributing less than one percent of global greenhouse gas emissions, is among the countries most vulnerable to the impacts of climate change.

In 2022, unprecedented monsoon flooding submerged a third of the country, affecting over 33 million people and inflicting more than $30 billion in losses, according to government estimates.


Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

Updated 10 February 2026
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Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets

  • A T+1 settlement cycle means that securities transactions are finalized and settled one business day after trade date
  • Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle

KARACHI: Pakistan’s capital market has officially transitioned to the Trade plus one (T+1) settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices, the Pakistan Stock Exchange (PSX) said on Tuesday.

A T+1 settlement cycle means that securities transactions are finalized and settled one business day after the trade date, which reduces counterparty risk and improves capital efficiency in the exchange of funds and securities. 

Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle. The transition was implemented under the guidance of the Securities and Exchange Commission of Pakistan (SECP) through close collaboration among all stakeholders, according to the PSX.

It aligns Pakistan’s capital market with leading markets such as the United States, Canada, Mexico, Argentina, Jamaica and China, which have already adopted shorter settlement cycles. Europe, the UK and Switzerland are set to follow by 2027. By moving early, Pakistan has demonstrated its commitment to modernization and investor protection.

“The transition to the T+1 settlement cycle brings important advantages for Pakistan’s capital market. It enables faster access to funds and securities, improving liquidity, while reducing settlement and counterparty risk through shorter exposure periods,” the PSX said.

“Quicker trade finalization enhances efficiency and the reform strengthens investor confidence, particularly among institutional and foreign investors. Together, these benefits support a stronger and more resilient market aligned with global best practices.”

Pakistan’s stock market has touched historic highs in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs. Pakistani state media reported in Jan. around 135,000 new investors had joined the PSX over the last 18 months.

SECP Chairman Dr. Kabir Ahmed Sidhu commended the PSX, the Central Depository Company and the National Clearing Company of Pakistan for the successful implementation of the T+1 settlement system.

“The reform brings Pakistan’s capital market at par with modern jurisdictions by accelerating trade settlement, reducing counterparty and market risks, and enhancing liquidity,” he was quoted as saying by the PSX.

“The adoption of T+1 will strengthen investor confidence and align Pakistan’s capital market with evolving international standards and global best practices.”