Pakistan Inside Story: Severe Floods Broke The Economic Back Of Pakistan, To Get Help From India

Floods and destructive rains in Pakistan have caused discontent almost throughout the country. From the general public to the government, you can see the helplessness and impotence. The impact of these floods and rains on economic growth in Pakistan is already being seen. Thousands of hectares of agricultural land have been flooded. The plants have been destroyed. There is no longer enough food and vegetables. Because of this, their prices in the local market are constantly rising.

Threat of damage to the textile industry

The country’s textile industry is already worried about losing millions of rupees due to a shortage of kapas. The industry petitioned the government to allow cotton imports from India. Pakistan says it will use India as a last option to make up for shortfalls in fruits, vegetables and other commodities, including cotton. The country has lost 30 billion dollar in floods, according to government figures.

GDP expected to be less than 5 percent

In the midst of this, country’s Planning Minister Ahsan Iqbal predicted that gross domestic product (GDP) would reach 3% in 2022-2023. It was previously estimated at 5%, but the backbone of Pakistan’s economy has also collapsed as floods and rain worsen the situation. Thus, the potential for a decline in GDP is revealed. Meanwhile, the National Disaster Management Agency said 1,396 people had died in the flood. In addition, more than 12,700 people were injured.

17 lakh houses destroyed by floods

According to the latest report from Ahsan Iqbal, who is also the head of the NDMA, over 17 lakh houses were completely destroyed or damaged in the flood. The flood washed away more than 6,600 km of roads. The flood also destroyed about 300 bridges. Ahsan Iqbal presented these figures to UN Secretary General António Guterres and Prime Minister Shahbaz Sharif. We would like to inform you that the Secretary General of the United Nations has visited Islamabad in the past two days to visit Pakistan. It also travels by air in flood-affected areas. He also called on the world to help Pakistan internationally.

Flood affected 81 districts

81 districts of the country were badly affected by the floods. These include 32 districts in Balochistan, 23 districts in Sindh and 17 districts in Khyber Pakhtunkhwa. Pakistan has been facing such floods for decades. In 2010, 2 million people were affected by the super flood in the country, and today the number is 3.3 million. About 6,000 people were forced to live in tents. The country’s infrastructure and medical facilities also took a double hit on flood victims. The situation was also exacerbated by the Russian-Ukrainian war and the delay in loans from the International Monetary Fund (IMF), according to Iqbal. Despite the poor state of the country due to flooding, Imran Khan continues to hold rallies in the country. He acknowledged that the residents affected by the floods have no time. .