Pakistan’s Punjab promises ‘biggest’ rehabilitation package after floods uproot 2.6 million people

Zainab Bibi, a flood victim, carries sacks of handouts on her head, that she received from a distribution point, following monsoon rains and rising water levels of the Chenab River, in Alipur in Muzaffargarh District of Punjab province, Pakistan, on September 12, 2025. (REUTERS/File)
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Updated 20 September 2025
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Pakistan’s Punjab promises ‘biggest’ rehabilitation package after floods uproot 2.6 million people

  • As Punjab authorities declare end of monsoon, receding floodwaters continue to move southwards to merge in the Indus river in Sindh
  • The Flood Forecasting Division warns the Indus at Kotri is likely to remain in medium flood until the end-Sept., urging precautions

ISLAMABAD: The government in Pakistan’s Punjab province has promised the “biggest” rehabilitation package of its history for more than 2.6 million people, who have been uprooted by one of the deadliest floods in the province.

Monsoon rains and India’s release of excess water flooded three transboundary rivers, Chenab, Ravi and Sutlej, in Pakistan’s breadbasket Punjab province in late August, submerging more than 4,700 villages and affecting over 4.7 million people, according to Punjab Relief Commissioner Nabeel Javed.

The deluges killed more than 300 people and forced authorities to relocate more than 2.6 million people to safety after their homes were washed away by water torrents. Rescuers also transported over 2 million livestock stranded in 28 districts to relief camps established by the government.

Provincial officials have said that floodwaters that surged through major rivers in late August and submerged crops over more than 2.5 million acres of land were now receding, announcing that they have initiated the process of rehabilitation of the affected areas. 

“Chief Minister Maryam Nawaz is bringing the biggest rehabilitation package in the history of Punjab,” Muhammad Jawad Haider, additional director-general of the Provincial Disaster Management Authority (PDMA), said in a statement.

“Relief will be ensured by estimating the losses of the citizens.”

Haider’s statement came a day after Nawaz said people, whose houses have collapsed, will get Rs1 million [$3,503], while the ones, whose homes have been partially damaged, will receive Rs500,000 [$1,751].

“Those whose animal has been swept away, around 900 animals have been swept away, for them we are giving Rs500,000 [$1,751] for a big animal and Rs50,000 [$175] for a goat or sheep,” she said in televised comments.

“God willing, within two weeks this rehabilitation package [will be implemented and] people will start receiving checks and [compensation] money.”

Rains, floods and landslides have killed at least 1,006 people nationwide since late June, when the monsoon season began, according to the National Disaster Management Authority (NDMA).

While Punjab authorities have declared the 2025 monsoon season is over, receding floodwaters continue to move southwards to merge in the Indus river in Sindh.

The Flood Forecasting Division of the Pakistan Meteorological Department warned on Saturday that the Indus river at Kotri is likely to remain in medium flood until the end of this month.

“It is requested that all concerned Deputy Commissioners/Chairman DDMAs and other relevant authorities/stakeholders may take all necessary mitigation measures,” it said.

Monsoon season brings Pakistan up to 80 percent of its annual rainfall, but increasingly erratic and extreme weather patterns are turning the annual rains, which are vital for agriculture, food security and the livelihoods of millions of farmers, into a destructive force.

The disaster has revived memories of the 2022 deluges, when a third of the country was submerged, over 1,700 people were killed and losses exceeded $35 billion.


Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

Updated 06 March 2026
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Pakistan passes Virtual Assets Act 2026, empowers regulator to combat money laundering

  • Legislation introduces licensing for virtual asset service providers, market surveillance mechanisms
  • Pakistan is one of the world’s top cryptocurrency markets, with millions actively using virtual assets

KARACHI: Pakistan’s parliament on Friday passed the Virtual Assets Act 2026, granting the Pakistan Virtual Assets Regulatory Authority (PVARA) powers to combat money laundering, militant financing and other illicit activities, the regulator said.

The legislation introduces regulatory provisions including mandatory licensing for virtual asset service providers, market surveillance mechanisms, anti-money laundering and counter-terrorism financing compliance, and coordination with Pakistani financial regulators including the State Bank of Pakistan and the Securities and Exchange Commission of Pakistan.

Pakistan has in recent months stepped up efforts to draft rules for regulating the fast-expanding market for digital coins and tokens, requiring virtual asset service providers to secure government approval. Islamabad’s move to embrace digital currency marks a significant policy shift as it had banned cryptocurrency in 2018, citing financial risks.

“A year ago, Pakistan’s digital asset landscape was defined by uncertainty and grey areas. Today, we have the country’s first Act of Parliament establishing a regulatory body for virtual assets, building on the Presidential Ordinance introduced in 2025,” PVARA Chairman Bilal bin Saqib said in a post on X.

“With NOCs [no objection certificates] already issued and banking rails being developed in coordination with the State Bank of Pakistan, we are now moving toward a comprehensive licensing framework aligned with global AML [anti-money laundering] and financial integrity standards.”

Meanwhile, PVARA said the framework aims to boost transparency, protect investors, and ensure a stable, trustworthy virtual asset market while supporting responsible fintech innovation.

“The legislation also equips the Authority with powers to address money laundering, terrorist financing, and other illicit activities associated with virtual assets, bringing Pakistan’s regulatory approach in line with international standards,” it added.

Pakistan ranks among the world’s largest cryptocurrency markets by adoption, with millions of citizens actively engaged in virtual assets.

In February, Dr. Afnanullah Khan, a Pakistani senator from the ruling party, had said major crypto coins such as Bitcoin, Ethereum and XRP will soon be traded in Pakistan through crypto exchanges.

Pakistan earlier launched a “regulatory sandbox” for firms to trial crypto services under PVARA’s supervision before full approval.

In January, Pakistan signed a memorandum of understanding with a World Liberty Financial-linked firm, tied to US President Donald Trump’s family, to explore a dollar-backed stablecoin for cross-border payments.