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Reading: AKF and Bank Alfalah Launch Gilgit-Baltistan Flood Rehabilitation Fund
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Gilgit-Baltistan flood rehabilitation
PhotoNews Pakistan > Gilgit - Baltistan > AKF and Bank Alfalah Launch Gilgit-Baltistan Flood Rehabilitation Fund
Gilgit - Baltistan

AKF and Bank Alfalah Launch Gilgit-Baltistan Flood Rehabilitation Fund

Web Desk
By Web Desk Published May 8, 2026 2 Min Read
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Image Credit: BAF
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Aga Khan Foundation Pakistan and Bank Alfalah announced a PKR 66 million flood recovery program. The initiative will support communities in Gilgit, Ghizer, and Hunza.” The project aims to repair infrastructure and improve climate resilience.

Bank Alfalah contributed PKR 50 million, and AKF provided PKR 7.05 million. The program will fix drinking water systems, rebuild irrigation channels, construct flood protection structures, and supply emergency winterised tents. A separate solar system costing PKR 9.3 million will support a school in Chitral.

Over 10,600 people will directly benefit, and nearly 13,000 more will get indirect support. Implementation partners include the Aga Khan Agency for Habitat, Focus Humanitarian Assistance, and Aga Khan Rural Support Programme. They will work closely with local authorities to ensure sustainability and community ownership.

“The launch ceremony featured UAE Ambassador Salem Mohammed Alzaabi. Officials from the Asian Development Bank, European Union, Global Affairs Canada, and other development groups also attended.” “Their presence showed strong international support for climate adaptation and disaster recovery.”

“The initiative addresses the August 2025 monsoon floods. These floods damaged homes, bridges, roads, irrigation, and water supply systems in northern Pakistan.” The project focuses on restoring livelihoods, ensuring safe water access, improving education, and enhancing emergency preparedness in high-risk valleys.

Bank Alfalah’s President and CEO, Atif Bajwa, said the partnership shows the bank’s commitment to community development. AKF Pakistan CEO Akhtar Iqbal added that the project aims to help families recover with dignity and resilience.

“In addition, Bank Alfalah will donate PKR 200 million for nationwide health, water, sanitation, and hygiene (WASH) programs. It will also support livelihoods and food security initiatives. This ensures long-term assistance to flood-affected communities across Pakistan.”

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