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‘Climate change poses threat to economy’

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Chairman UK-Pakistan Joint Business Council Mian Kashif Ashfaq Wednesday said climate change had posed a great threat to Pakistan’s economy and agriculture sector, with devastating consequences witnessed in the aftermath of recent floods. Speaking as a guest of honour at a seminar on “ Challenges of Climate Change” here, he said these floods wreaked havoc, washing away vital infrastructure and causing colossal losses to agriculture which was a cornerstone of Pakistan’s economy. He said Pakistan’s vulnerability to climate change was exacerbated by its geographical location and reliance on agriculture, which employs a large portion of the population and contributes significantly to the GDP. Extreme weather events, like floods, droughts, and heatwaves, are becoming more frequent and intense due to climate change.

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