Punjab issues flood alert as monsoon death toll in Pakistan climbs to 288

Commuters wade through a flooded street after heavy rainfall in Lahore on July 23, 2025. (AFP/ file)
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Updated 29 July 2025
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Punjab issues flood alert as monsoon death toll in Pakistan climbs to 288

  • Rising water levels expected in Chenab, Jhelum and Sutlej rivers, with risk of urban flooding in Lahore and Rawalpindi
  • Seven killed in the past 24 hours, including six in Punjab due to house collapses, landslides, and one in Sindh by drowning

ISLAMABAD: Authorities in Pakistan’s Punjab province issued a flood alert on Tuesday, warning of rising water levels in the Chenab, Jhelum and Sutlej rivers, as well as potential urban flooding in Rawalpindi, Gujranwala and Lahore over the next 48 hours.

The alert follows weeks of heavy monsoon rains that have killed 288 people, including 136 children, and injured 690 since June 26, according to the latest data from the National Disaster Management Authority (NDMA).

In the last 24 hours alone, seven deaths have been reported, six in Punjab due to separate house collapses and landslides, and one in Sindh, where a person drowned.

Provincial officials said low to moderate flooding is expected in the Chenab and Jhelum rivers between July 30 and 31, with a likely increase in water flow in the Sutlej River at Ganda Singh within the next 24 hours. Tributaries of the Ravi River may also experience flash floods, amid continued rainfall and upstream inflows.

“District commissioners have been directed to stay on high alert and ensure emergency staff, food and medical supplies are in place ahead of any evacuations,” said Irfan Ali Kathia, Director General of the Punjab Provincial Disaster Management Authority (PDMA).

“Rescue 1122 response teams must remain fully mobilized,” he added.

Kathia said emergency control rooms had been activated across the province, and that commissioners, deputy commissioners, WASA officials and line departments, including health, irrigation, agriculture, livestock and transport, had been instructed to finalize preparations under the provincial administration’s directives.

Alerts have been issued for multiple divisions including Rawalpindi, Sargodha, Faisalabad, Multan, Dera Ghazi Khan, Bahawalpur and Sahiwal.

District administrations in cities such as Lahore, Narowal, Gujrat, Jhelum, Muzaffargarh, Kasur and Rajanpur have also been asked to remain vigilant.

Authorities have urged residents in low-lying or riverbank settlements to follow precautionary guidelines and cooperate with local officials during any evacuation.

The PDMA has also stressed the importance of moving livestock to safer ground and ensuring food and clean water availability at flood relief camps.
 


Pakistan stocks close at record high over current account surplus, falling bond yields

Updated 18 December 2025
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Pakistan stocks close at record high over current account surplus, falling bond yields

  • KSE-100 index gains 1,646.79 points or 0.97% to close at new high of 171,960.64 points
  • Pakistan’s central bank posted a current account surplus of $100 million in November

KARACHI: Pakistani stocks closed at an all-time high of 171,960.4 points on Thursday, with financial analysts attributing the surge to increasing investor confidence stemming from a current account surplus reported in November and a drop in government bond yields.

The benchmark KSE-100 index gained 1,646.79 points or 0.97% to close at an all-time high of 171,960.64 points on Thursday. The previous day, Pakistani stocks surged to 170,313.85 points at close of business. 

Ahsan Mehanti, chief executive officer at Arif Habib Commodities, said the optimistic mood at the stock exchange was fueled by the $100 million current account surplus reported by the central bank in November.

“Speculations ahead of year-end close and fall in government bond yields up to 70 basis points after the SBP (State Bank of Pakistan) policy easing played the catalyst role in bullish activity at PSX,” Mehanti told Arab News. 

The surplus was a welcome development for Islamabad as Pakistan’s central bank reported a $291 million deficit in October.

Topline Securities, a Pakistani brokerage firm, said in its daily market review that strong buying by local funds followed a drop in Pakistan Investment Bond (PIB) yields, which boosted investor confidence.

PIB yields are the returns on bonds or government-backed securities that pay fixed semi-annual interest, with rates influenced by market demand and SBP auctions.

“Strength in ENGRO (Engro Corporation), FFC (Fauji Fertilizer Company), UBL (United Bank Limited), LUCK (Lucky Cement) and BAHL (Bank AL Habib) underpinned positive momentum, collectively contributing 1,504 points to the index,” the brokerage firm wrote on X. 

“This upside was partly offset by declines in PIOC (Pakistan International Oil Company), DHPL (D.H. Corporation Limited) and MLCF (Millat Tractor Limited), which together subtracted 176 points.”

The sustained rise in equities comes amid improving liquidity conditions and continued investor participation, with market participants focusing on corporate earnings, sector-specific developments and broader macroeconomic signals.

Earlier on Monday, Pakistan’s central bank cut its key policy interest rate by 50 basis points to 10.5%, a move that surprised analysts and followed four consecutive policy meetings where rates were held unchanged.

The cut came despite an International Monetary Fund staff report earlier this month cautioning against premature monetary easing.

Inflation eased to 6.1% in November, remaining within the SBP’s target band, though analysts have warned that price pressures could resurface later in the fiscal year as base effects fade and food and transport costs remain volatile.