The World Bank put the cost of the records-breaking floods that hit Pakistan throughout the summer at $40 billion.
In comparison to a previous estimate by the Pakistani government, this figure rises by $10 billion.
Before the start of the severe seasonal rains in mid-June, Pakistan was already experiencing a significant economic crisis.
A third of the country’s lands were submerged in water as a result of the rain’s enormous flood, causing hundreds of thousands of people to flee to safer areas.
Pakistan announced today, Wednesday, the results of the new evaluation that came during a meeting between Prime Minister Shahbaz Sharif and experts in climate change in the capital, Islamabad.
Since mid-June, floods, which scientists attribute to climate change, have killed 1719 people, injured 33 other two million, destroyed two million dwellings, and caused significant property damage to two million more.
The Sharif administration estimated flood losses at $30 billion last month, but it also issued a warning that the actual figure might be far higher.
A comprehensive report on the aid of international relief organisations and financing organisations, such as the World Bank, has not yet been completed by the government.
The United Nations modified its appeal to help Pakistan five times to 816 million dollars after the previous number was $ 160 million, saying that the recent assessments of the damage caused by the floods indicate the urgent need for long -term assistance that will continue until next year.
Despite contributing less than 1% of the world’s carbon emissions, Pakistan is one of the ten nations most affected by climate change, according to a government statement released following the meeting between the prime minister and the Pakistani Council for Climate Change on Wednesday.
Sharif expressed his optimism that Pakistan will have the opportunity to voice its opinion on the capacity of the developing countries in light of the threat at the United Nations Climate Conference in Egypt.
In the past three weeks, more than half of the flood victims in Pakistan’s most devastated region, Sindh, have returned home after the flood waters receded there and elsewhere, including the Balochistan region, where the UN estimates that 43% of crops were damaged.
345 women and 641 kids were among the flood victims.
According to the UN, 7 million women and children in Pakistan urgently and shamefully want food.
Pakistan: The World Bank calculates the flood-related losses at $ 40 billion.
About Author
