Flood-hit Pakistan should suspend debt repayments, says UN paper
Pakistan should suspend
Flood-hit Pakistan should suspend debt repayments, says UN paper
Pakistan should suspend.
“Creditors should consider debt reduction mechanisms such as debt-climate adaptation swaps,” he said again at the UNGA. “These could have saved lives and livelihoods in Pakistan, which is drowning not only in floodwater but in debt.”.
Such occurrences tend to adversely impact the economy by causing widespread unemployment, incapacitating daily wagers the most. However, during the course of the pandemic, Pakistan exhibited unmatched resilience in terms of employment.
After a Pakistani man rescued a neighbor from drowning, he stopped for a moment and put his hand on his head. “I lost my own son in this water a few days ago,” he told local climate journalist Zuhaib Pirzada. The man who needed rescuing had fallen into the water while trying to cross a flimsy make-shift bridge made out of wood, Pirzada says. The original bridge, which allowed people to cross between the village of Hayat Khaskheli and the city of Jhuddo in lower Sindh, was destroyed in an attempt to allow trapped water to flow out.
Pirzada still has trouble talking about the incident and the man’s pain. He learned about the tale while accompanying Karachi-based photographer Hassaan Gondal on a three-day reporting trip. Gondal visited the cities of Thatta and Jhuddo in Sindh, the country’s worst-affected province. “The hardest thing when I was taking a ph