FEBR for mustering up resources to bolster flood relief work


KARACHI: The Friends of Economic and Business Reforms (FEBR) on Sunday called for working with the government to muster up maximum resources for immediate response to support the flood relief work, asking the authorities to identify priority needs of food security, health, water, shelter, agriculture and livestock to help the affectees in the country.

FEBR President and the upcoming president of LCCI Kashif Anwar said that the whole business community is standing with the people of Pakistan during these difficult times, as we are committed to work with the government and other development partners to help the country overcome the devastating impact of this natural disaster and provide immediate relief to affected families.

We need to work continuously with federal and provincial authorities to identify how we can help financing the growing needs as the extent of the disaster evolves, and mobilize further finding for the large relief, rehabilitation and reconstruction efforts that are to come in the recovery phase.

He said it might take five years to rebuild and rehabilitate the South Asian nation of 200 million people, which will be facing an acute challenge of food shortage.

Presently, country needs billions grant to support the government’s emergency relief efforts amid widespread floods across the country. We require teams to also help assess the damage caused by floods to draw up plans to support longer term rehabilitation efforts and strengthen communities’ climate resilience, he said.

The FEBR Chief said that the initial economic losses from floods in Pakistan could surpass $18 billion, as unprecedented flash floods caused by abnormal monsoon rains have washed away crops, infrastructure and bridges, killing thousands and affecting more than 30 millions.

The country’s agricultural sector, especially in Sindh and Balochistan, has been hit the hardest with the finance ministry also recently warning that production of major crops would be affected due to the floods. He said 100% of the cotton crop in Sindh, which accounts for30% of the crop in Pakistan, has been destroyed, which amounts to losses of at least $1 billion, which will cascade through the economy, he said.

Heavy rains across Pakistan have triggered flash floods, landslides, and glacial lake outbursts. In July, the country received more than 60 percent of average annual monsoon rainfall in just three weeks. Over 30 million people are estimated to have been affected by the floods with more than 1100 deaths reported while almost half a million people are currently in relief camps. Pakistan has been ravaged by torrential rains resulting in flash floods from north to south, causing large-scale infrastructure damage, as 20% of the sugarcane crop in Sindh has been damaged, which makes up 10% of the entire country’s sugarcane production, he said. More than half of Sindh’s onion and tomato crop has been destroyed and 80% of the rice crop has also been destroyed, which will adversely affect farmers in the province. He said that over 800,000 livestock perished due to floods, mostly in Balochistan.