Between six and nine million Pakistanis are dragged into poverty as a result of monsoon floods linked to climate change. The World Bank said on Thursday
Pakistan has faced unprecedented monsoon rains this year. That killed 1,700 people, destroyed 2 million homes and left a third of the country under water.Floods drag 9 million Pakistanis into poverty
Eight million people are still displaced. Live in a chaotic tent city and scattered camps near a still lake. which swallowed their belongings and way of life.
world bank report It said Pakistan’s poverty rate is expected to rise between 2.5 and 4% as a direct result of the floods.
Loss of jobs, livestock, harvests, houses and school closures including the spread of disease and higher food costs. Threatens poverty between 5.8 and 9 million
“Reversing negative socioeconomic impacts can take a lot of time,” the report added.
According to the Asian Development Bank, in a country of 220 million people, about 20% are already below the poverty line.Floods drag 9 million Pakistanis into poverty
before the flood begins Pakistan’s coffers are already in dire straits. With the cost of living crisis, the rupee value and the dwindling foreign exchange reserves
The World Bank says domestic inflation will be 23pc for the 2023 fiscal year.
Pakistan is responsible for less than one piece of global greenhouse gas, but ranks countries most vulnerable to extreme weather conditions caused by climate change.
Credible research says severe weather events are becoming more frequent and exacerbated as a result of man-made emissions. Floods drag 9 million Pakistanis into poverty
Islamabad has called on richer and more industrialized countries with larger carbon footprints to contribute to aid efforts in the form of climate justice.
“We don’t have space for our economy to have stimulus measures. which will create jobs and provide people with sustainable income they need,” said climate change minister Sherry Rehman. said on Tuesday
“We are still relentlessly striving to save lives.”
