Aim To determine the efficacy of neutrophil/lymphocyte ratio (NLR) as a marker of the severity of COVID‐19 pneumonia in the South‐Asian population. Methods This was a prospective, cross‐sectional, analytic study conducted at HDU/ICU of District Headquarter Hospital, Faisalabad, Pakistan, from May through July 2020. Sixty‐three eligible patients, admitted to the HDU/ICU, were prospectively enrolled in the study. Their NLR, C‐reactive protein, serum albumin, and serum fibrinogen were measured. Patients’ demographic characteristics, comorbidities, clinical manifestations of COVID‐19 infection, medication use, and history of lung malignancy were retrieved from their medical history. Patients were categorized into either a general group (with mild COVID‐19) or a heavy group (with moderate to severe COVID‐19). Results There were significant differences between the two groups in diabetes prevalence, NLR, C‐reactive protein, and serum albumin. NLR and C‐reactive protein were positively correlated (P < 0.001, P = 0.04 respectively) whereas serum albumin was negatively correlated (P = 0.009) with severe COVID‐19. NLR was found to be an independent risk factor for severe COVID‐19 pneumonia in the heavy group (OR = 1.264, 95% CI: 1.046~1.526, P = 0.015). The calculated AUC using ROC for NLR was 0.831, with an optimal limit of 4.795, sensitivity of 0.83 and specificity of 0.75, which is highly suggestive of NLR being a marker for early detection of deteriorating severe COVID‐19 infection. Conclusion NLR can be used as an early warning signal for deteriorating severe COVID‐19 infection and can provide an objective basis for early identification and management of severe COVID‐19 pneumonia.