Bureau Report
Karachi: Bank Alfalah and Aga Khan Foundation Pakistan have partnered to launch a PKR 66 million rehabilitation initiative aimed at restoring critical infrastructure and strengthening climate resilience in flood-affected communities across Gilgit-Baltistan.
The programme, being implemented in collaboration with Aga Khan Agency for Habitat, FOCUS Humanitarian Assistance, and Aga Khan Rural Support Programme, follows the devastating monsoon floods of August 2025 that triggered flash floods, debris flows, cloudbursts, and glacial lake outburst floods across the region.
The event was attended by His Excellency Salem Mohammed Alzaabi, Ambassador of the United Arab Emirates to the Islamic Republic of Pakistan, alongside senior leadership from Bank Alfalah and the Aga Khan Foundation. The gathering brought together key stakeholders from the development community, including the Asian Development Bank, Global Affairs Canada, the European Union, and Concern Worldwide, reflecting a strong, multi-partner commitment to advancing climate resilience and community rehabilitation efforts in the region.
The initiative includes rehabilitation of drinking water supply schemes, reconstruction of irrigation channels, construction of flood protection structures, and replenishment of emergency winterized tents to improve disaster preparedness in vulnerable valleys. A separate PKR 9.3 million partnership will also provide a 25KV solar system for a school in Chitral.
The total project budget includes a PKR 50 million grant from Bank Alfalah and PKR 7.05 million from Aga Khan Foundation Pakistan. The programme is expected to directly benefit more than 10,600 people and indirectly support nearly 13,000 residents across the districts of Gilgit, Ghizer, and Hunza.
Atif Bajwa, the President and CEO of Bank Alfalah Limited, emphasised the commitment of Bank to contribute to the development of communities in Pakistan and shared,
“We are proud to partner with the Aga Khan Foundation Pakistan in launching this vital rehabilitation initiative, reflecting our enduring commitment to responsible banking and driving meaningful community investment. Guided by our focus on customers, colleagues, community, and country, this programme reinforces our resolve to support flood-impacted communities.”
