BR100 Decreased By (-1.39%)
BR30 Decreased By (-1.72%)
KSE100 Decreased By (-1.3%)
KSE30 Decreased By (-1.25%)
AGHA 7.92 Decreased By ▼ -0.17 (-2.1%)
BECO 5.20 Decreased By ▼ -0.07 (-1.33%)
BML 59.25 Decreased By ▼ -0.13 (-0.22%)
BOP 33.68 Decreased By ▼ -0.51 (-1.49%)
CNERGY 9.81 Increased By ▲ 0.19 (1.98%)
CSIL 5.42 Decreased By ▼ -0.08 (-1.45%)
FCCL 53.52 Decreased By ▼ -0.63 (-1.16%)
FFL 16.68 Decreased By ▼ -0.16 (-0.95%)
FNEL 1.21 Decreased By ▼ -0.02 (-1.63%)
KEL 7.35 Decreased By ▼ -0.24 (-3.16%)
KOSM 5.61 Decreased By ▼ -0.07 (-1.23%)
LOTCHEM 29.11 Decreased By ▼ -1.32 (-4.34%)
MLCF 95.50 Decreased By ▼ -2.66 (-2.71%)
NBP 204.35 Decreased By ▼ -4.44 (-2.13%)
NCPL 58.24 Decreased By ▼ -1.37 (-2.3%)
NPL 67.79 Decreased By ▼ -2.08 (-2.98%)
OGDC 317.94 Decreased By ▼ -5.42 (-1.68%)
PACE 10.71 Decreased By ▼ -0.36 (-3.25%)
PAEL 41.83 Decreased By ▼ -0.42 (-0.99%)
PIBTL 16.50 Decreased By ▼ -0.32 (-1.9%)
PPL 219.74 Decreased By ▼ -4.99 (-2.22%)
PRL 44.59 Increased By ▲ 2.94 (7.06%)
PTC 70.77 Decreased By ▼ -0.35 (-0.49%)
SSGC 28.93 Decreased By ▼ -0.38 (-1.3%)
TBL 9.84 Decreased By ▼ -0.12 (-1.2%)
TELE 8.76 Decreased By ▼ -0.23 (-2.56%)
TPL 16.45 Decreased By ▼ -0.07 (-0.42%)
TPLP 12.10 Decreased By ▼ -0.67 (-5.25%)
TREET 22.80 Decreased By ▼ -0.26 (-1.13%)
TRG 60.03 Decreased By ▼ -0.42 (-0.69%)
Print Print edition: 2025-09-15

Govt won’t allow hoarding: Aurangzeb

  • Finance minister says govt making all-out efforts to manage aftermath of floods
Published Updated
By

LAHORE: Finance Minister and Senator Mohammad Aurangzeb said on Sunday that a climate and agricultural emergency has been declared by the prime minister and expressed commitment to rehabilitate flood-affected people.

The minister stated during his visit flood-affected areas of Toba Tek Singh district, including the Mal Fatyana Bridge, to assess the ongoing rescue and relief operations.

During his visit, the minister interacted with local media, highlighting the government’s continued efforts to support flood victims and mitigate the devastation caused by recent flooding across various regions of the country.

Plan chalked out to check price hike in Pakistan

“The government is making all-out efforts to manage the aftermath of the floods. We will not allow hoarding, which leads to artificial inflation as strict administrative and structural measures are being implemented to curb such practices,” he said while replying to a media question.

Aurangzeb said the federal cabinet, under the directives of the Prime Minister, had already declared two national emergencies on climate and agriculture to address the root causes and long-term implications of such disasters.

“So far, more than 116,000 people out of the 117,000 flood-affected individuals have been successfully evacuated,” he said, adding that this was achieved through coordinated rescue and relief efforts utilizing available resources. “From that perspective, we are in a good place,” he added.

The finance minister also addressed broader issues contributing to the crisis, including climate change, unregulated urban expansion and unsustainable agricultural practices.

“We must reflect on the self-inflicted pains such as poor zoning laws and inappropriate land use for housing societies and crop cultivation that exacerbate the damage from natural disasters,” he remarked. “There are lessons to be learned.”

He expressed confidence in the ongoing assessment of damages, saying that local, provincial, and federal authorities, along with the State Bank of Pakistan and relevant financial institutions, were collaborating to complete a comprehensive evaluation within the next 10 to 15 days, as floodwaters began to recede.

Aurangzeb affirmed that a comprehensive recovery strategy would be formulated to provide maximum relief to the affected populations. “The 300-day climate action plan, being led by the Ministry of Climate Change, will be executed in full coordination with provincial governments, as implementation would primarily occur at the local level,” he added.

Comments

Comments are closed for this article.