Prime Minister of Pakistan Syed Yousaf Raza Gillani has claimed that due to some aspects Pakistan have suffered almost $43 Billion in economy.
In his address to the cabinet he estimated that the poverty will rise from 9.5% to 15-20% and the prices of vegetables, milk, meat, spices, rice, wheat and sugar will also rise. Pakistan devastating flood had made thousands of people homeless and jobless, making families to live without money. Last year the country was prospering at a rate of 4.5% but now it has been reduced to 2.2%. Due to the rise in the prices of daily necessities there is a greater risk to the food security. Other countries have promised to give aid of $95 million 37 Lacs to Pakistan.
The floods have affected 79 of the 124 districts — 24 in Khyber Pakhtunkhwa, 19 in Sindh, 12 in Punjab, 10 in Balochistan and seven each in Azad Kashmir and Gilgit-Baltistan.
This economic loss is equal to the expenditures incurred on the war on terror over the past nine years.About one-fifth of the irrigation infrastructure, livestock and crops in the country has been destroyed.The Prime Minister said that income losses incurred by the floods would have serious consequences especially the agricultural sector would have the worst effects.
He said the floods had caused the largest number of displaced people since the country’s independence and affected more people than all recent major disasters throughout the world.
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