Pakistan facing funding challenges in reducing disaster risk: report

Published February 18, 2019
Asian Development Bank suggests that an effective disaster relief strategy should be formed. — File photo
Asian Development Bank suggests that an effective disaster relief strategy should be formed. — File photo

ISLAMABAD: Pakistan continues to face funding challenges for disaster risk reduction and disaster response, and the heavily decentralised approach to disaster relief fund is complicating challenges in enhancing disaster relief management, says a new report of the Asian Development Fund.

The report titled ‘Diagnostics Assessment of the Disaster Risk Financing (DRF) in Pakistan’ suggests that an effective disaster relief financing strategy should be developed based on detailed knowledge of the country’s disaster risk.

According to the report, while some district and city-specific multi-hazard vulnerability and risk assessments have been conducted, no comprehensive stochastic assessment of disaster risk is now available for the entire country.

The federal and provincial governments have highly limited ex ante financing instruments in place for post-disaster response. The National Disaster Management Act of 2010 established the National Disaster Management Fund administered by the federal government and separate funds administered by each of the provincial governments.

However, in practice, significant work remains to be accomplished in making the funds operational, adequate provision of financing mechanisms and standardisation of procedures across the provinces. The mechanisms through which disasters are financed vary by province, depending on the administrative system and ready availability of funds.

Published in Dawn, February 18th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...