ISLAMABAD: Pakistan’s National Disaster Management Authority (NDMA) on Thursday issued a rain and flood alert for multiple regions in the country from June 26-28, warning local authorities to ensure preemptive measures are in place with the monsoon season expected to trigger heavy downpours in the coming days. 

The Pakistan Meteorological (Met) Department forecast on Monday that several parts of the country are expected to receive heavy monsoon rains from June 25 onwards, urging masses to take precautions against the resulting flash floods and landslides in low lying and hilly areas. Rains have also lashed Pakistan’s eastern Punjab province over the last 24 hours, the provincial disaster management authority said on Thursday, killing at least four people and injuring 19 in rain-related incidents. 

“National Emergencies Operation Center (NEOC) of NDMA has issued impact-based alerts due to expected widespread monsoon rainfall and associated flooding risks across several regions of Pakistan from 26th to 28th June,” the NDMA said in a press release. 

It said heavy rain, windstorms, and thunderstorms are likely in multiple districts of Punjab including Lahore, Rawalpindi, Gujranwala, Sialkot, Narowal, Faisalabad, Sargodha, Mianwali, Bahawalpur, Rahim Yar Khan, Multan and Islamabad cities.

“Urban flooding is particularly expected in Lahore, Gujranwala, Rawalpindi, Multan, Bahawalpur, and Rahim Yar Khan, with possible disruption of transportation, drainage overflow and interruption of essential services,” the statement said. 

The disaster management authority said urban flooding is anticipated in Sindh’s Karachi, Hyderabad, Thatta, Jamshoro, Shahid Benazirabad, and Sujawal cities due to rain and thunderstorm with isolated and heavy falls in the same period.

It said widespread moderate to heavy rainfall may affect Jacobabad, Sukkur, Larkana, Nawabshah, Khairpur, Kashmore, Tharparkar, Mirpurkhas, Umerkot, Sanghar, Tando Allahyar, Tando Muhammad Khan, and Badin in Sindh, posing threats of waterlogging, road blockages, and infrastructure damage.

“In Khyber Pakhtunkhwa, Chitral, Swat, Shangla, Kohistan, Abbottabad, Mansehra, and Battagram may experience moderate to heavy rainfall with possible flash flooding and landslides, particularly in vulnerable mountainous terrain,” the NDMA warned. 

It said in Azad Kashmir, including Muzaffarabad, Neelum Valley, Bagh, Rawalakot, Haveli, and Hattian Bala, the forecast predicts moderate to heavy rainfall with the risk of flash floods, landslides, and riverine overflow. It said the Potohar region is also likely to be affected by similar weather patterns.

“NEOC has advised all provincial and district disaster management authorities to ensure preemptive measures such as drain clearance, public adviseries, deployment of emergency services, and readiness for evacuation or rescue operations where needed,” the disaster management authority said. 

It advised residents in flood-prone areas, particularly near nullahs, low-lying zones and slopes, to remain alert and avoid unnecessary movement. 

The authority called on emergency services to ensure readiness for any potential response operations, urging people to stay updated with real-time alerts and guidance from the official NDMA mobile application. 

The NDMA’s warning comes as Pakistan braces for another season of extreme weather, following deadly heatwaves and catastrophic floods in recent years. Ranked among the ten most climate-vulnerable countries in the world, Pakistan is ramping up preparedness efforts, especially in Punjab, where authorities expect significantly above-average rainfall this monsoon.

ISLAMABAD: Pakistan has completed the baseline valuation of the Roosevelt Hotel in New York and is preparing to move forward with a transaction structure this month to privatize the state-owned property, the head of the Privatization Commission told Arab News this week.

The Roosevelt, a 1,015-room historic hotel in Midtown Manhattan, has long been one of Pakistan’s most prominent but politically sensitive overseas assets. Acquired by Pakistan International Airlines Investment Limited (PIAIL) in 1979, the hotel occupies a full city block on Madison Avenue and 45th Street. Over the past two decades, successive Pakistani governments have floated plans to sell, lease, or redevelop the property, but no proposal has advanced beyond early-stage planning.

Operations at the Roosevelt were suspended in 2020 following steep financial losses during the COVID-19 pandemic. In 2023, Pakistan entered a short-term lease with the City of New York to use the property as a temporary shelter for asylum seekers, generating more than $220 million in projected rental income. That agreement ended in 2024 and no new revenue stream has since been announced.

“We have an idea of the asset valuation in Roosevelt,” Muhammad Ali, chairman of Pakistan’s Privatization Commission, said in an interview when asked about the timeline to privatize the hotel.

“We have appointed JLL [Jones Lang LaSalle], who are one of the top consultants in the US market. They have done their homework. They have done the market sounding also. We just need to get approval from the Cabinet Committee [on Privatization] on the structure, and we’ll move ahead.”

He added:

“So this year, before June, I’m hoping that on the Roosevelt, we will have gone ahead with execution of the transaction as far as whatever structure is decided.”

VALUATION AND TRANSACTION STRUCTURE

The Roosevelt, whose liabilities and losses the privatization chief did not disclose, is one of several state assets the government hopes will contribute to its target of raising Rs86 billion ($306 million) in privatization proceeds during the fiscal year starting July 1, alongside the sale of national carrier Pakistan International Airlines and three electricity distribution companies.

But how much money the hotel ultimately brings in, and its overall valuation, depended on the type of transaction structure adopted, Ali said.

If the government opted for a straightforward “as-is” sale and sold the property without securing any new permissions or approvals for zoning or development, the hotel would fetch the lowest price.

However, if the government first obtained the necessary permits and approvals that a buyer would typically need for redevelopment, the property’s value could double compared to the “as-is” sale.

Alternatively, if the government formed a joint venture with a private investor, sharing both the risks and future profits, the hotel could be worth four to five times more than its as-is valuation.

“So, depending on what sort of structure you have, how much risk you take, how much effort the government puts in, we can make a lot of money from this asset,” the privatization chief said. 

“If we go with a joint venture structure, then this year we will only get the first advance payment, so that’s a small amount of money which will be coming in [FY26].”