Pakistan expresses solidarity with Spain as torrential rains, floods kill 62 

Pakistan expresses solidarity with Spain as torrential rains, floods kill 62 
Residents are pictured next to cars piled in a street covered in mud following floods in Picanya, near Valencia, eastern Spain, on October 30, 2024. (AFP)
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Updated 30 October 2024

Pakistan expresses solidarity with Spain as torrential rains, floods kill 62 

Pakistan expresses solidarity with Spain as torrential rains, floods kill 62 
  • Heavy storms in Spain’s southern and eastern regions since Tuesday have triggered flash floods
  • Spain has deployed over 1,000 soldiers in affected areas to coordinate rescue efforts for citizens

ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Wednesday expressed solidarity with Spain as flash floods triggered by torrential rains killed at least 62 people in the country, local authorities said.

Heavy rains triggered floods in southern and eastern Spain on Tuesday, with footage on social media showing cars being swept away by raging waters. 

Over 1,000 soldiers from Spain’s emergency response units have been deployed in affected areas to coordinate rescue efforts, Spanish media reports said. 

“On behalf of the people and government of Pakistan, I extend our deepest sympathies and solidarity to the people of Spain and Prime Minister Pedro Sánchez following the tragic floods and loss of life,” Sharif wrote on social media platform X. 

“Pakistan stands in solidarity with friendly people of Spain at this challenging time.”

Spain’s Valencia has been the hardest-hit province in the country. Emergency services in the province urged citizens to avoid any road travel and to follow further updates from official sources.

As the crisis looms, Sánchez said the government would not abandon those affected by the floods. 

“All of Spain weeps with all of you,” he said during a televised address. “Our absolute priority is to help you… We won’t abandon you.”

Pakistan is ranked consistently as one of the world’s worst affected countries due to climate change effects. Heavy monsoon rains in 2022 killed over 1,700 people and caused damages over $30 billion to the South Asian country. 


Pakistan’s state telecom firm says approval of Telenor deal pivotal for industry

Pakistan’s state telecom firm says approval of Telenor deal pivotal for industry
Updated 15 sec ago

Pakistan’s state telecom firm says approval of Telenor deal pivotal for industry

Pakistan’s state telecom firm says approval of Telenor deal pivotal for industry
  • Competition Commission of Pakistan cleared PTCL’s acquisition of Telenor after lengthy review
  • Deal marks major consolidation in telecom sector grappling with thin margins, high spectrum fees

KARACHI: Pakistan Telecommunication Company Limited (PTCL) on Wednesday applauded the Competition Commission of Pakistan (CCP) for granting approval to acquire Telenor Pakistan, calling the deal a pivotal step for the country’s telecom sector.

The decision concludes a protracted regulatory process for the $400 million transaction, which will merge PTCL’s mobile arm Ufone with Telenor Pakistan to create the country’s second-largest mobile operator.

The CCP subjected the merger to a Phase II review, citing concerns over market dominance, transparency, and funding sources, before granting approval with conditions.

“We highly appreciate the Commission’s thoroughness in safeguarding the future outlook and long-term sustainability of Pakistan’s telecom sector,” the PTCL said in a statement. “This intra-sector consolidation is a pivotal step forward for Pakistan’s telecom industry, which will draw strengths from both PTML (Ufone) and Telenor.”

The consolidation comes as Pakistan’s telecom industry faces rising costs and regulatory pressures.

PTCL said the acquisition will improve customer experience, enhance network quality and coverage, while enabling the whole sector to achieve greater efficiency, build resilient infrastructure and create a more competitive landscape.

The PTCL Policy Board had earlier accepted the CCP’s terms after months of hearings, with the regulator applying its Substantial Lessening of Competition (SLC) Test across multiple segments, including mobile, fixed line and long-distance markets.

The deal is expected to reshape Pakistan’s telecom landscape, which has four major operators but remains under pressure from thin margins, high spectrum fees and heavy capital expenditure needs.


Pakistan reports gas, condensate discovery in Sindh amid falling domestic reserves

Pakistan reports gas, condensate discovery in Sindh amid falling domestic reserves
Updated 46 min 54 sec ago

Pakistan reports gas, condensate discovery in Sindh amid falling domestic reserves

Pakistan reports gas, condensate discovery in Sindh amid falling domestic reserves
  • OGDCL says Khairpur well yields 22.5 MMSCFD gas, 690 barrels condensate daily
  • The discovery can boost Pakistan’s economy, burdened by costly energy imports

KARACHI: Pakistan’s Oil & Gas Development Company Limited (OGDCL) announced Wednesday it had discovered gas and condensate in Sindh province, with tests showing potential production of 22.5 million standard cubic feet per day (MMSCFD) of natural gas and 690 barrels per day (BPD) of condensate.

The discovery comes as Pakistan struggles with a heavy energy import bill, spending more than $15 billion annually on crude oil, petroleum products and liquefied natural gas (LNG). Domestic gas production has been in long-term decline, increasing pressure on the country’s foreign reserves and making new finds critical to energy security.

“Oil & Gas Development Company Limited (OGDCL), the operator of Bitrism Exploration License holding 95 percent working interest, in joint venture with Government Holdings (Private) Limited (GHPL) with 5 percent working interest, is pleased to announce the discovery of Gas/Condensate at Bitrism East-1, located in District Khairpur, Sindh Province,” OGDCL said in its stock market disclosure.

It informed the well was spudded on June 30, 2025, and drilled down to a depth of 3,800 meters using OGDCL’s in-house expertise in collaboration with its Joint Venture Partner.

The company said it conducted two drill stem tests (DSTs), a standard procedure in oil and gas exploration.

“In both the DSTs the well produced significant quantities of hydrocarbons with combined production potential of 22.5 MMSCFD gas and 690 barrels of condensate per day (BCD),” it added.

Condensate is like a light form of crude oil that comes out of gas wells, with the OGDCL disclosure report revealing the estimated contribution the well can make to the domestic fuel supply.

OGDCL disclosed the find to both the Pakistan Stock Exchange and the London Stock Exchange, where it has Global Depositary Shares listed, in line with regulatory requirements for listed companies.


Punjab collects flood loss data to issue ATM cards for compensation

Punjab collects flood loss data to issue ATM cards for compensation
Updated 01 October 2025

Punjab collects flood loss data to issue ATM cards for compensation

Punjab collects flood loss data to issue ATM cards for compensation
  • Survey teams gather details from over 41,000 residents and 28,000 farmers in 27 districts
  • Authorities say compensation will follow verification by PITB, NADRA and other agencies

ISLAMABAD: Authorities in Pakistan’s Punjab province said on Wednesday they had gathered data from tens of thousands of residents and farmers hit by the recent monsoon floods, with compensation to be distributed through special ATM cards once the information is verified.

Heavy rains and excess water released from Indian dams caused Punjab’s rivers to swell in late August, inundating more than 4,700 villages in the country’s agricultural heartland, destroying crops and homes and forcing millions to flee. According to the National Disaster Management Authority (NDMA), the province reported 304 deaths out of a nationwide toll of 1,006 during the monsoon season that began with downpours on June 26 and lasted until mid-September.

The Provincial Disaster Management Authority (PDMA) said 1,314 survey teams were active in 27 districts, adding they had so far collected data from 41,735 residents, compiled details of crop losses from 28,632 farmers, identified 49,510 acres of flood-damaged land and recorded damages to 12,500 houses.

“After verification by the Punjab Information Technology Board (PITB), the Punjab Land Records Authority (PLRA) and the National Database and Registration Authority (NADRA), financial assistance to the affected people will begin,” the PDMA said in its statement.

It added flood-affected residents will be issued special relief ATM cards to access compensation.

The PDMA said officials also logged information from 603 livestock farmers who lost animals and 2,459 dead cattle.

The Punjab administration announced last month it had launched the survey to assess damages caused by the devastating floods, with the provincial relief commissioner, Nabeel Javed, saying citizens’ losses would be compensated.

The Punjab government had also set up 363 relief camps and 446 medical camps in flood-hit districts, while 2.6 million people were relocated to safer areas.


Pakistan presses UN for Rohingya repatriation, citizenship guarantees in Myanmar

Pakistan presses UN for Rohingya repatriation, citizenship guarantees in Myanmar
Updated 01 October 2025

Pakistan presses UN for Rohingya repatriation, citizenship guarantees in Myanmar

Pakistan presses UN for Rohingya repatriation, citizenship guarantees in Myanmar
  • Rohingya Muslims have faced decades of persecution, denial of citizenship and periodic waves of violence
  • A 2017 military crackdown drove more than 700,000 people into neighboring Bangladesh, creating a crisis

ISLAMABAD: Pakistan on Tuesday described the plight of Rohingya Muslims in Myanmar as one of the world’s most urgent humanitarian and human rights challenges in a statement at the United Nations General Assembly, urging the international community to ensure their return to their native land uphold their citizenship rights.

The remarks came at a high-level conference on the situation of Rohingya Muslims and other minorities in Myanmar. The Rohingya, a mostly Muslim minority in Myanmar’s Rakhine State, have faced decades of persecution, denial of citizenship and periodic waves of violence.

A 2017 military crackdown drove more than 700,000 people into neighboring Bangladesh, where nearly a million remain in overcrowded refugee camps. Renewed violence in Rakhine this year has forced thousands more to flee, deepening an already dire humanitarian crisis.

“The plight of Rohingya Muslims and other minorities in Myanmar remains one of the most urgent humanitarian and human rights challenges,” Pakistan’s UN envoy Asim Iftikhar Ahmad told the gathering.

“For too long, the Rohingya have endured displacement and limited access to rights and services,” he added. “The recent upsurge of violence in Rakhine State has further intensified their suffering, forcing many to flee and worsening an already dire humanitarian situation.”

Ahmad aligned his remarks with the Organization of Islamic Cooperation (OIC) and praised Bangladesh and other host countries for sheltering displaced Rohingya, saying Pakistan understood their burden, having itself hosted millions of Afghan refugees for decades.

He stressed that a durable solution lay in addressing the root causes, beginning with full implementation of the Advisory Commission on Rakhine State’s recommendations — led by former UN chief Kofi Annan — particularly those related to pathways to citizenship.

Ahmad said only an inclusive, Myanmar-owned process, supported by the Association of Southeast Asian Nations (ASEAN), could create conditions for the safe and dignified return of the Rohingya.

He also maintained the credibility of the international community would be judged by its ability to secure justice, restore dignity and enable Rohingya Muslims and other minorities in Myanmar to rebuild their lives in peace and security.


Pakistan raises petrol, diesel prices by about Rs4 for next two weeks

Pakistan raises petrol, diesel prices by about Rs4 for next two weeks
Updated 01 October 2025

Pakistan raises petrol, diesel prices by about Rs4 for next two weeks

Pakistan raises petrol, diesel prices by about Rs4 for next two weeks
  • Petrol now costs Rs268.68 per liter while HSD has risen to Rs276.81
  • Price hike comes amid inflation warning following monsoon floods

KARACHI: Pakistan’s government has increased the price of petrol by Rs4.07 per liter and high-speed diesel (HSD) by Rs4.04 per liter for the next fortnight, the finance division announced late Tuesday, with the revised prices taking effect today.

Fuel prices in Pakistan are adjusted every two weeks and are influenced by global oil market trends, currency fluctuations, and changes in domestic taxation.

According to the official notification, petrol now costs Rs268.68 per liter, up from Rs264.61, while HSD has risen to Rs276.81 per liter from Rs272.77.

“The Government has revised the prices of petroleum products for the fortnight commencing October 01, 2025, based on the recommendations of Oil and Gas Regulatory Authority (OGRA) and the relevant Ministries,” the Finance Division said in its statement.

Fuel price increases have a direct impact on inflation, raising production and transportation costs and driving up the prices of essential goods and services, particularly food.

The effect of the latest price hike may further be amplified as the finance ministry noted in its monthly economic outlook a day earlier that flood-related disruptions could put pressure on food supply chains and push up consumer prices.

“Inflation is expected to rise temporarily but remain contained within the 3.5-4.5 percent range in September 2025,” it said in its report.