Pakistan facing funding challenges in reducing disaster risk: report

Published
1
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 X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...