Finmin pledges price stability, safeguarding vulnerable families amid Pakistan floods

The photo shows Pakistan's Finance Minister Muhammad Aurangzeb in a news conference in Islamabad, Pakistan, on November 17, 2024. (Radio Pakistan/File)
Short Url
Updated 11 September 2025
Follow

Finmin pledges price stability, safeguarding vulnerable families amid Pakistan floods

  • Aurangzeb says inflation control is top priority, vows protection for flood-hit households
  • Committee reviews food stocks, crop damage, urges vigilance against market speculation

KARACHI: Finance Minister Muhammad Aurangzeb on Thursday said stabilizing prices and shielding low-income families from rising costs remained the government’s top priority, as Pakistan struggles with inflationary pressures compounded by recent flood damage to crops.

Punjab, home to more than half of Pakistan’s 240 million people and its main farming belt, has been devastated since late August when record monsoon rains swelled the Ravi, Chenab and Sutlej rivers simultaneously in a historic first. Punjab officials say 79 people have died and nearly two million acres of farmland submerged in the province’s worst flooding in four decades.

Now, as the floodwaters move south into Sindh, the country’s second-largest agricultural province, there are growing concerns for its key crops of cotton, rice and sugarcane, which form the backbone of Pakistan’s textile and food industries.

Economists and traders have warned the floods may elevate food and overall inflation in the coming months due to crop losses and supply chain disruptions.

“Controlling inflation and ensuring price stability remain among the top priorities of the government, especially to safeguard vulnerable and low-income households, including those affected by recent floods,” Aurangzeb said in a statement after the second meeting of the Steering Committee on Inflationary Trends, set up by the prime minister to monitor weekly inflation and coordinate policy responses.

The committee reviewed supplies of essential food items and initial crop damage assessments from this season’s heavy monsoon rains.

Officials noted that wheat stocks were sufficient, while early estimates suggested damage to rice and sugarcane crops was manageable. The minister stressed strict monitoring to prevent speculation and artificial price hikes in key staples such as wheat, sugar, edible oil and vegetables.

The committee also discussed preparations for the upcoming sowing season, emphasizing the timely availability of seeds and other inputs. Aurangzeb directed agencies including the National Disaster Management Authority and Pakistan Bureau of Statistics to work with provincial governments to complete accurate crop damage assessments.

The minister said the committee would meet again next week to track progress and decide further measures.


Pakistan launches final nationwide polio drive of 2025 to vaccinate 45 million children

Updated 4 sec ago
Follow

Pakistan launches final nationwide polio drive of 2025 to vaccinate 45 million children

  • Campaign comes as Pakistan records 30 polio cases this year, one of only two countries where virus is endemic
  • Health minister urges parents to welcome vaccinators as insecurity, misinformation hinder eradication efforts

ISLAMABAD: Pakistan on Thursday launched its final polio vaccination campaign of the year, with Health Minister Mustafa Kamal administering drops to children under five as part of a nationwide effort to reach 45 million children, the country’s polio program said.

The Dec. 15–21 drive is part of Pakistan’s decades-long struggle to eliminate wild poliovirus. Pakistan and neighboring Afghanistan are the only two countries where the virus remains endemic, keeping global eradication efforts at risk.

Pakistan has reported 30 polio cases so far this year. The incurable and highly infectious virus can cause lifelong paralysis and can only be prevented through repeated oral vaccinations and routine immunization, health officials say.

“I want to take this opportunity to speak directly to parents and caregivers. When our polio vaccinator knocks at your door, I urge you to welcome them in and ensure that every child under five in your house receives two drops of this essential vaccine,” the polio program quoted Health Minister Kamal as saying.

“I also urge you to advocate for vaccination in your families and communities and create a welcoming environment for our vaccinators.”

The new campaign comes days after Pakistan conducted a nationwide measles, rubella and polio vaccination drive from Nov. 17–29, which targeted 22.9 million children across 89 high-risk districts.

Pakistan recorded 74 polio cases in 2024, a steep rise from six in 2023 and just one in 2021, underscoring the volatility of eradication efforts in a country where misinformation, vaccine hesitancy and political instability have repeatedly disrupted progress.

Violence has also hampered the program. Polio teams and their security escorts have been attacked frequently by militants and religious hard-liners in parts of northwestern Khyber Pakhtunkhwa and southwestern Balochistan. Officials say continued security threats, coupled with natural disasters such as recent flooding, pose major obstacles to reaching every child.

Pakistan has drastically reduced polio prevalence since the 1990s, when annual cases exceeded 20,000. By 2018, the number had fallen to eight. But health authorities warn that without consistent access to children, particularly in high-risk, underserved region, eradication will remain out of reach.