World Bank estimates Pakistan flood losses at $40bn: Sherry Rehman

Climate Change Minister Senator Sherry Rehman on Monday said that the World Bank has estimated a loss of $40 billion to Pakistan’s economy as a result of the damage caused by recent cataclysmic floods. 

Pakistan has been lashed by unprecedented monsoon rains this year which killed 1,700, devastated two million homes, and put a third of the nation underwater.

Taking to Twitter, Senator Rehman said that Pakistan has appealed to the estimated damage to the infrastructure, crops, houses and roads is much higher. She added that the World Bank report suggests that about nine million Pakistanis will be forced into poverty due to the floods.