Pakistan says damage from floods has caused US$10 billion of damage

By Andy Brown and Reuters01 September 2022

As Pakistan reels from weeks of unprecedented and devastating flash floods, it has  began to tally up the hits to its economy. The full extent of the damage remains to be seen, as authorities wait for water levels to recede.

Yet according to the country’s planning minister Ashan Iqbal, early estimates showed they were already deep in the red.

“I think it is going to be huge. So far, (a) very early, preliminary estimate is that it is big, it is higher than $10 billion (USD).”

“My hunch is that this is going to be two to three times higher than what we are estimating.”

Iqbal said almost half of the country’s cotton crops had been washed away by historic rains, a serious blow to a country whose textile sector makes up a majority of what it sells abroad.

Meanwhile, severe damage to other crops caused food prices to shoot up.

The floods also wiped out infrastructure around the country, including a major bridge in northern Pakistan, which wound up almost completely cut off from the rest of the country.

One resident Ali Jan described how quickly the situation turned dire.

“It was raining but not heavily. Suddenly the outer wall of the compound collapsed and water gushed in. We barely managed to save ourselves. By the time the women were leaving the house, the water had become almost waist-deep. We evacuated the women and the cattle. The rest is there for you to see. “

Many like Jan are now reckoning with the aftermath of what the country’s climate change minister called a ‘climate-induced humanitarian disaster of epic proportions’.

At least a thousand people have been killed in recent weeks, with more than 33 million people affected - over 15% of Pakistan’s population.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
Versatile compact loaders
International Construction looks at innovation in compact loaders
How is construction becoming more sustainable?
Sustainable practices in construction are on the up, and the industry is adopting new technologies to reduce emissions
How can ground penetrating radar benefit construction?
John Rodgman, managing director of Borehole Solutions looks at the capabilities of the technology
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA