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
-13
℃
Detention extended by Russian court of WSJ's US reporter
MOSCOW, Russia: A Russian court has extended the detention of Evan Gershkovich, a U.S. reporter for the Wall Street Journal, ...
Finland says Russia to blame for migrant crowding eastern border
HELSINKI, Finland: After Finland joined the North Atlantic Treaty Organization (NATO) earlier this year, hundreds of migrants from the Middle ...
Currency issues affect Russia's oil trade with Asia
MOSCOW, Russia: Russia's trade in oil with India, one of the most lucrative oil trade routes since the imposition of ...
US House Speaker issues Ukraine ultimatum to Biden
The Republican lawmaker has set conditions for approving any more money for KievGetting the Republican-majority House of Representatives to approve ...
Zelenskyy Cancels Scheduled Meeting with US Lawmakers
Ukrainian President Volodymyr Zelenskyy canceled a meeting with members of the U.S. Senate on Tuesday. He was expected to ask ...
Juanita Castro, Fidel's Sister and Outspoken Critic, Dies in Miami
Juanita Castro, the younger sister of Fidel and Raul Castro who was so opposed to their policies that she became ...
Pentagon secretly providing bombs for Israeli bombardments
The U.S. has supplied Israel with scores of BLU-109 bunker-buster bombs since October 7, the Wall Street Journal has reported, ...
Biden administration says EPA to replace lead water pipes in 10 years
WASHINGTON D.C.: This week, the Biden administration announced a proposal by the Environmental Protection Agency (EPA) that would require U.S. ...
Cyberattack hits Japan space agency, rocket and satellites unaffected
TOKYO, Japan: Japan's space agency recently fell victim to a cyberattack, but reassuringly, the compromised information did not pertain to ...
Michigan man sentenced to prison term for keeping dead wife in freezer
MOUNT PLEASANT, Michigan: This week, a judge sentenced a Michigan man who kept his dead wife's body in a freezer ...
US CDC says life expectancy for newborns in 2022 gained a year
ATLANTA, Georgia: After two consecutive years of declines mainly caused by the COVID-19 pandemic, babies born in the U.S. in ...
Three more Israeli troops die in Gaza conflict, death toll hits 400
The number of soldiers in the Israeli army killed in the current Israel-Hamas war has topped 400. Three hundred and ...
