ISLAMABAD – Recent floods have caused massive destruction across Pakistan, resulting in an estimated economic loss of Rs822 billion, according to official documents cited by ARY News on Friday.
The initial report revealed that the floods severely impacted the country’s agriculture and infrastructure sectors, damaging vast areas of farmland, homes, and roads. The government has sought help from development partners to accurately assess the full extent of the damages.
Millions Affected Nationwide
The devastating floods have affected nearly 6.5 million people across 70 districts in Pakistan. Punjab emerged as the most severely impacted province, with overflowing rivers such as the Sutlej, Chenab, and Ravi causing widespread devastation.
In Punjab alone, 27 districts witnessed significant losses, with large portions of agricultural land and residential areas destroyed. Across the country, approximately 229,763 houses were damaged, while 1,037 people lost their lives and 1,067 were injured.
The federal government has announced financial assistance of Rs2 million for each deceased individual, according to the report.
Economic Consequences and Warnings
The Asian Development Bank (ADB) has warned that the recent floods could worsen inflationary pressures in Pakistan and hinder economic recovery. Despite positive indicators in some sectors, the ADB cautioned that natural disasters like these pose major threats to growth and stability.
In its Asian Development Outlook report, the ADB projected Pakistan’s GDP growth at around 3% for FY2026. However, it noted that inflation could average 6%, driven by supply chain disruptions, higher food prices, and rising gas tariffs.
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Experts emphasized that rebuilding efforts will require coordinated national and international support to restore livelihoods and strengthen climate resilience, as the frequency of floods in Pakistan continues to increase due to changing weather patterns.
