According to the Post Disaster Needs Assessment (PDNA), which is about 10% of the nation’s GDP, the recent floods in Pakistan are estimated to have cost more than $32 billion in total damages.
He continued, saying that Pakistan would need significant international assistance to rebuild greener and in accordance with the principles of sustainable development.
According to a statement released by the PM Media Wing, the prime minister brought up this point when he met with UN Secretary-General Antonio Guterres outside of the COP-27 Summit taking place in Sharm El-Sheikh.
He thanked the UN secretary-general for his support of Pakistan and urged for enormous aid to the nation following the terrible floods there and reaffirmed that the unprecedented flood calamity in Pakistan was a glaring example of the threat that climate change poses.
The UN Secretary-call General’s for climate justice and solidarity was also embraced by the prime minister.
He mentioned how the UN General Assembly had adopted a resolution last month expressing solidarity with Pakistan and how Pakistan was eager to host an international “pledging conference” with participation from all development partners.
In addition, PM Shehbaz expressed gratitude for the establishment of a UN interagency team, headed by the deputy secretary-general, to assist Pakistan in putting together a thorough rehabilitation and reconstruction plan that will be presented to the Conference.
Regarding COP-27, he said that it was a good time for the international community to spur coordinated worldwide action to reduce the effects of climate change and achieve climate justice, based on the ideas of equality but with distinct duties and capacities.
The prime minister emphasised that one important “deliverable” at COP-27 would be dealing with “loss and damage.” The COP-27 has unanimously approved the proposed addition of an agenda item on loss and damage finance at the request of Pakistan, acting as the Chair of the G77 and China.
