Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, participated in a panel discussion organized by the Pakistan Business Council titled “Climate Resilience: Who Pays the Price for Delay?” The session brought together key stakeholders to discuss the escalating human, economic, and environmental costs of climate inaction.
Speaking on the occasion, Dr. Musadik Malik underscored the devastating impact of climate-induced disasters on Pakistan. He highlighted that approximately 4,700 lives have been lost in the last four major floods, more than any war the country has faced. In addition, nearly 18,000 people have been injured or permanently disabled, while over 3 million citizens have been displaced from their homes.
The Minister emphasized that the price of climate change cannot be measured in economic terms alone, it encompasses disability, death, loss of education, and the erosion of livelihoods and social stability. He noted that Pakistan loses around 9.5% of its GDP annually to floods through direct damages and indirect economic disruptions.
Dr. Malik further stated that Pakistan’s geographic location, at the foothills of the Himalayas, places it at the center of accelerating glacial melt, which is causing shifts in rainfall, and altering river and canal flows. These changes, he warned, will significantly compromise food security if not addressed urgently.
Expressing deep concern over global emissions inequity, the Minister remarked that Pakistan contributes less than 1% to global greenhouse gas emissions, while two neighboring countries account for nearly 40%, and ten countries collectively are responsible for more than 70% of global emissions. Despite this, Pakistan remains among the world’s most climate-vulnerable nations.
The panel also featured Mr. Sam Waldock, Development Director at the British High Commission, and Mr. Syed Jamal Baquar, CEO, TPL REIT Management Company.
