Pakistan floods cost at least US$10 billion: Planning minister

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ISLAMABAD: Early estimates put the damage from Pakistan's deadly floods at more than US$10 billion, its planning minister said on Monday (Aug 29), adding that the world has an obligation to help the South Asian nation cope with the effects of man-made climate change. Unprecedented flash floods caused by hi

ISLAMABAD: Early estimates put the damage from Pakistan's deadly floods at more than US$10 billion, its planning minister said on Monday , adding that the world has an obligation to help the South Asian nation cope with the effects of man-made climate change.

"So far we have lost 1,000 human lives. There is damage to almost nearly one million houses," Iqbal said at his office.The minister said it might take five years to rebuild and rehabilitate the nation of 200 million people, while in the near term it will be confronted with acute food shortages. Pakistan has already appealed for international help and some countries have already sent in supplies and rescue teams.

He also said the world owed Pakistan, which was a victim of climate change caused by"irresponsible development of the developed world".

Source: Energy Industry News (energyindustrynews.net)

 

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