Pakistan needs $10bn for flood repairs, rebuilding: Ahsan Iqbal - Pakistan
Pakistan needs more than $10 billion to repair and rebuild infrastructure damaged by monsoon rains that have caused devastating flooding , Planning Minister Ahsan Iqbal said on Tuesday. “Massive damage has been caused to infrastructure — especially in the areas of telecommunications, roads, agriculture and livelihoods,” he told AFP . Iqbal’s statements are a reiteration of an assessment he shared with Reuters a day earlier, where he said he believed that the cost of the damage caused by floods would be “huge”. “So far, [a] very early, preliminary estimate is that it is big, it is higher than $10 billion,” Iqbal said, adding that there was damage to almost nearly one million houses“. “People have actually lost their complete livelihoods,” he continued, rating the recent floods worst than those that hit Pakistan in 2010. The minister said it might take five years to rebuild and rehabilitate the nation, while in the near term it will be confronted with acute food shortages. Re