Pakistan’s Flood Conditions are monstrously catching new heights of chaos and destruction day by day.
Torrential monsoon rains and overflowing of dams and rivers have caused severe flood in Pakistan. The areas which are near to the waterbodies such as Swat, Kalam, Quetta & Balochistan are under its rule.
The devastating flood has took lives off over 1200 people including more than 400 children’s. This horrific flooding in Pakistan has caused severe impact on society in many forms, either it is socially, physically or economically or in another way.
Hundreds of organisations are working 24/7 around the globe to help Pakistani people overcome this deadly situation.
Economic Impacts Due To Floods In Pakistan
Pakistan was already going through economic crises and bankruptcy but Flooding in Pakistan has caused dozens of economic impacts to Pakistan’s economy such as:-
Increase In Debt
As reported by Pakistan’s finance minister, Bilawal Bhutto, Pakistan’s economy is at the verge of potential loss of about $10-13 billion and which is increasing day by day as the condition in getting worse and worse day by day.
In such severe condition Pakistan will not left with any other option other than asking for more debt from IMF and other nations.
Decrease In Employment Rate
Due to horrific floods in Pakistan, over 70 districts in Pakistan were affected by it and about 5.3 million peoples have lost their jobs. This results in sky-rocketing increase in unemployment rate. This has led to increase in difficulty of local people and have also greatly affect the countries economic growth.
Reports of widespread destruction show that the livelihoods of millions of people are threatened or have been destroyedILO Country Director Donglin
Cultivatable Land Loss
Due to flooding in Pakistan, there had been a great loss in Pakistan’s cultivatable land which has resulted in loss of production of crops which has drastically impacted the exports of the country.
According to reports, 95000 square miles of cultivatalbe land of Pakistan is absolutly destroyed by the flood which is leading to various problems for local people as there is great deficiency of food for the locals and rest of the nation.
Food Inflation Impact
Rural areas in Pakistan have been hit the hardest by flooding, which will have a compounded impact on Pakistan’s farming industry, and ultimately the cost of food.
Bhutto Zardari told CNBC “about 80 to 90%” of Pakistan’s crops have been damaged by the floods. The International Rescue Committee report that 4 million acres of crops have been destroyed with 800,000 livestock perishing