Floods Likely To Reduce Pak’s GDP By Over 2%, Says PM Shehbaz Sharif

Floods are prone to cut back Pakistan’s GDP by over 2%, mentioned Shehbaz Sharif. (FILE)


The huge floods in Pakistan are prone to cut back its GDP by over 2 proportion factors and the federal government is grappling with the rapid problem of averting an imminent meals insecurity within the nation, Prime Minister Shehbaz Sharif has mentioned.

During a telephonic dialog with Turkish President Recep Tayyip Erdogan on Sunday to precise gratitude for extending humanitarian reduction help to Pakistan, Sharif mentioned the continuing floods have devastated hundreds of thousands of acres of standing crops, homes and demanding infrastructure within the nation, in response to an official assertion.

The Prime Minister mentioned as per preliminary estimates, the floods are prone to cut back Pakistan’s GDP by over 2 proportion factors.

“Pakistan is grappling with the immediate challenge of averting an imminent food insecurity in the country as well as providing for rescue and rehabilitation of the victims of this climate-induced calamity,” Sharif advised Erdogan.

He mentioned the federal government is combating to keep away from meals shortages resulting from destruction of crops within the wake of the historic floods.

The present floods triggered by monsoon rains have up to now killed almost 1,400 individuals and injured one other 12,728, whereas damaging 6,674 km of street and destroying over 1.7 million homes.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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