Pakistan placed among high risk countries by Asian Development Bank
*ISLAMABAD: The Asian Development Bank (ADB) has placed Pakistan among high-risk countries which will be affected from natural calamities, highlighting that the every year country has suffered losses of US$2 billion from their devastation. *
The report link shared by the ADB highlighted that floods have brought more destruction than earthquakes in Pakistan and every year natural calamities claim on an average 863 lives in the country.
The natural calamities have increased poverty in the country after floods destroy harvest, homes and other infrastructure. “There is only a limited insurance of harvest in Pakistan and only 272,000 farmers have got their harvest insured,” it reported.
It highlighted that floods further devastate underprivileged districts, increasing poverty level in those areas. The report shared that most of the people below poverty line lives in Balochistan, Sindh and Khyber Pakhtunkhwa.
The report suggested adopting and extending disaster risk management approach to evade damages from the floods and earthquakes. The measures taken in Pakistan to deal with floods and earthquakes are non-satisfactory, it said.