Pakistan suffers over 30 bln USD loss to economy due to floods: minister
Xinhua
06 Dec 2022, 11:30 GMT+10
Economic loss caused by this year's catastrophic floods has amounted to 10 percent of the country's GDP, a Pakistani minister said.
ISLAMABAD, Dec. 6 (Xinhua) -- Pakistan has suffered over 30 billion U.S. dollar loss to the economy due to this year's catastrophic floods, which amounts to 10 percent of its gross domestic product, Pakistani Minister for Planning, Development and Special Initiatives Ahsan Iqbal said on Monday.
"Pakistan is the most vulnerable country facing climate change. The damages and losses caused by the floods are another burden on Pakistan's economy, which is already struggling to survive," the minister said while addressing a ceremony at the National Flood Response Center here.
With the help of social support, Iqbal said the government has managed to come out of the crisis of floods mostly with its own resources, but the challenges are not over yet, urging the international community and philanthropists to continue to help the flood victims till their complete rehabilitation.
He said the government had prepared a framework for making Pakistan a climate-resilient country, adding that the framework would also be presented to the international community.
Subscribe and Follow
Get a daily dose of St Petersburg Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to St Petersburg Star.
More Information
-6
℃
US Congress wants information on Russians hacking nuclear computers
WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...
US woman sentenced to 13 days in jail after protesting on Red Square
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
U.S. warned NATO expansionism would cross Russian tripwires
Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...
US says Russian businessman traded on illegal information
BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...
Death toll of Türkiye-Syria quakes rises to 6,700+
Rescue operations are now a ?race against time,? says the World Health OrganizationThe number of confirmed deaths from the 7.7 ...
West uses chemical weapons watchdog to justify its aggression Moscow
The US and its allies are trying to replace international law with their own ?made-up rules? in the OPCW, Russia's ...
While friends and foes rush to Syria's aid, U.S. refuses to help
WASHINGTON, DC - The global community has extended aid to Turkey and Syria following the devastating earthquakes that hit the ...
US Congress wants information on Russians hacking nuclear computers
WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...
Death toll from deadly earthquake in Turkey and Syria continues to mount
Photo credit: Ercin Erturk / Anadolu AgencyThe death toll from Monday's massive 7.8 magnitude earthquake in Turkey and Syria has ...
Republicans in Congress to impeach border official due to migrants
WASHINGTON D.C.: In a sign of future political battles over record numbers of illegal crossings under Democratic President Joe Biden, ...
US woman sentenced to 13 days in jail after protesting on Red Square
MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...
Ex-military ruler Musharraf dies in Dubai after prolonged illness
ISLAMABAD, Pakistan - Former President General (retd) Pervez Musharraf died in a Dubai hospital on Sunday at the age of ...
