Preliminary WB report puts flood losses at $9.5bn

[DesiGuy]

ISLAMABAD: A preliminary Damage Need Assessment (DNA) report prepared by the World Bank and Asian Development Bank says that Pakistan suffered a loss of about $9.5 billion (over Rs800 billion) in recent floods, in terms of damaged crops, infrastructure and public and private property in the four provinces and Fata.

The report has been presented to the Planning Commission and the government is preparing a presentation for the Friends of Democratic Pakistan meeting to be held in Brussels.

According to the report, Sindh suffered the maximum damage amounting to around Rs350 billion, followed by Punjab Rs253 billion, Khyber Pakhtunkhwa Rs103 billion, Balochistan Rs55 billion and Fata Rs5 billion.

Individuals, it said, suffered losses of crops and livestock to the tune of Rs428 billion.

Sources in the planning commission said the report had only highlighted the damage caused by floods, but the reconstruction of infrastructure again and compensation to be paid to people who had lost their sources of livelihood would cast between $25 billion to $30 billion.

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