LAHORE: Record monsoon rains and dam releases from India have triggered widespread flooding across Pakistan, hitting both agricultural and industrial regions. The provinces of Punjab and Sindh, key contributors to the country’s economy, have been particularly affected.
Satellite data and local reports estimate that at least 220,000 hectares of rice fields have been submerged, while 1.8 million acres of farmland in Punjab have been inundated. Farmers report that 50% of rice and 60% of cotton and maize crops have been damaged, with total losses potentially exceeding 2.5 million acres, worth up to $3.53 billion.
Vegetable crops have suffered even more, with losses exceeding 90% in some districts.
The timing is critical as Pakistan approaches the wheat sowing season, a crop that supplies nearly half of the nation’s caloric intake. While national reserves remain strong after the 2024 harvest, delayed sowing could threaten future food security.
Officials warn the floods will likely set back Pakistan’s 2026 growth targets. The government had aimed for 4.2% GDP growth, but the central bank now projects growth at the lower end of its 3.25–4.25% range, citing a significant, albeit temporary, supply shock.
Experts warn that the human and economic impact may rival or exceed the 2022 floods, although stronger foreign exchange reserves and lower interest rates could provide some resilience.
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