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Pakistan floods cost at least $10 billion

Event 09:46 30 Aug, 2022
Pakistan floods cost at least $10 billion

Early estimates put the damage from Pakistan's recent deadly floods at more than $10 billion, reports according to planning minister, adding the world has an obligation to help the South Asian nation cope with the effects of man-made climate change.

Unprecedented flash floods caused by historic monsoon rains have washed away roads, crops, infrastructure and bridges, killing at least 1,000 people in recent weeks and affected more than 33 million.

"I think it is going to be huge. So far, (a) very early, preliminary estimate is that it is big, it is higher than $10 billion," Ahsan Iqbal told Reuters in an interview.

"So far we have lost 1,000 human lives. There is damage to almost nearly one million houses," Iqbal said at his office.