economy and politics

Pakistan calculates the losses due to the historic floods at USD 10,000 million

Pakistan calculates the losses due to the historic floods at USD 10,000 million

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Floods caused by monsoon rains, which have killed at least 1,100 people, washed away roads, crops, infrastructure and bridges; affecting 15% of the 220 million inhabitants of the country.

The United Nations Organization asked its donors on Tuesday, August 30, for some 160 million dollars to help Pakistan, affected by the intense monsoon rains that have destroyed vast areas and left hundreds dead. However, their needs are much greater.

The first estimates of the authorities place the damage caused by the recent floods at more than 10,000 million dollars, according to the Minister of Climate Change, Ahsan Iqbal.

The official called the floods “worse” than those that hit Pakistan in 2010, for which the United Nations (UN) had issued the largest disaster appeal in its history.


For Ahsan Iqbal, it could take five years for Pakistan to rebuild and rehabilitate the areas devastated by the rain, which has washed away roads, crops, infrastructure and bridges.

General Akhtar Nawaz, head of the National Disaster Agency, revealed that at least 72 of Pakistan’s 160 districts had been declared affected by calamities and more than two million acres of farmland were inundated.

In the short term, however, the problem will be a serious food shortage and its consequent increase in prices.

Finance Minister Miftah Ismail said the country could consider importing vegetables from arch-rival India, with which it has closed trade for years.

Aid mobilization around the world

“Pakistan is awash in suffering… The Pakistani people are facing a monsoon on steroids: the relentless impact of record levels of rainfall and flooding,” said UN Secretary-General António Guterres, calling for donations for the nation. Asian.

Guterres said the $160 million he hoped to raise from the appeal would provide food, water, sanitation, emergency education and health support to 5.2 million people.

The United States, for its part, will provide $30 million to support Pakistan’s flood response, according to its embassy in Islamabad.

And the International Monetary Fund board approved the seventh and eighth reviews of Pakistan’s bailout program, freeing up more than $1.1 billion for the nation.

With Reuters and AP



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