The Kabul River, while having its origin in Afghanistan, has a primary tributary, the Konar River, which originates in Pakistan and enters Afghanistan near Barikot-Arandu. The Kabul River then re-enters Pakistan near Laalpur, Afghanistan making it a true transboundary river. The catastrophic flood events due to major snowmelt events in the Hindu Kush mountains occur every other year, inundating many major urban centers. This study investigates the flood risk under 30 climate and dam management scenarios to assess opportunities for transboundary water management strategy in the Kabul River Basin (KRB). The Soil and Water Assessment Tool (SWAT) is a watershed-scale hydraulic modeling tool that was employed to forecast peak flows to characterize flood inundation areas using the river flood routing modelling tool Hydrologic Engineering Center - River Analysis System -HEC-RAS for the Nowshera region. This study shows how integrated transboundary water management in the KRB can play a vital catalyst role with significant socio-economic benefits for both nations. The study proposes a KRB-specific agreement, where flood risk management is a significant driver that can bring both countries to work together under the Equitable Water Resource Utilization Doctrine to save lives in both Afghanistan and Pakistan. The findings show that flood mitigation relying on collaborative efforts for both upstream and downstream riparian states is highly desirable.