1 MONGOLIA MARKS CENTENNIAL WITH A NEW COURSE FOR CHANGE WWW.EASTASIAFORUM.ORG PUBLISHED:2024/12/20      2 E-MART OPENS FIFTH STORE IN ULAANBAATAR, MONGOLIA, TARGETING K-FOOD CRAZE WWW.BIZ.CHOSUN.COM PUBLISHED:2024/12/20      3 JAPAN AND MONGOLIA FORGE HISTORIC DEFENSE PACT UNDER THIRD NEIGHBOR STRATEGY WWW.ARMYRECOGNITION.COM  PUBLISHED:2024/12/20      4 CENTRAL BANK LOWERS ECONOMIC GROWTH FORECAST TO 5.2% WWW.UBPOST.MN PUBLISHED:2024/12/20      5 L. OYUN-ERDENE: EVERY CITIZEN WILL RECEIVE 350,000 MNT IN DIVIDENDS WWW.GOGO.MN PUBLISHED:2024/12/20      6 THE BILL TO ELIMINATE THE QUOTA FOR FOREIGN WORKERS IN MONGOLIA HAS BEEN SUBMITTED WWW.GOGO.MN PUBLISHED:2024/12/20      7 THE SECOND NATIONAL ONCOLOGY CENTER TO BE CONSTRUCTED IN ULAANBAATAR WWW.MONTSAME.MN PUBLISHED:2024/12/20      8 GREEN BOND ISSUED FOR WASTE RECYCLING WWW.MONTSAME.MN PUBLISHED:2024/12/19      9 BAGANUUR 50 MW BATTERY STORAGE POWER STATION SUPPLIES ENERGY TO CENTRAL SYSTEM WWW.MONTSAME.MN PUBLISHED:2024/12/19      10 THE PENSION AMOUNT INCREASED BY SIX PERCENT WWW.GOGO.MN PUBLISHED:2024/12/19      КОКС ХИМИЙН ҮЙЛДВЭРИЙН БҮТЭЭН БАЙГУУЛАЛТЫГ ИРЭХ ОНЫ ХОЁРДУГААР УЛИРАЛД ЭХЛҮҮЛНЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     "ЭРДЭНЭС ТАВАНТОЛГОЙ” ХК-ИЙН ХУВЬЦАА ЭЗЭМШИГЧ ИРГЭН БҮРД 135 МЯНГАН ТӨГРӨГ ӨНӨӨДӨР ОЛГОНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2024/12/20     ХУРИМТЛАЛЫН САНГИЙН ОРЛОГО 2040 ОНД 38 ИХ НАЯДАД ХҮРЭХ ТӨСӨӨЛӨЛ ГАРСАН WWW.NEWS.MN НИЙТЭЛСЭН:2024/12/20     “ЭРДЭНЭС ОЮУ ТОЛГОЙ” ХХК-ИАС ХЭРЛЭН ТООНО ТӨСЛИЙГ ӨМНӨГОВЬ АЙМАГТ ТАНИЛЦУУЛЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     Л.ОЮУН-ЭРДЭНЭ: ХУРИМТЛАЛЫН САНГААС НЭГ ИРГЭНД 135 МЯНГАН ТӨГРӨГИЙН ХАДГАЛАМЖ ҮҮСЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/20     “ENTRÉE RESOURCES” 2 ЖИЛ ГАРУЙ ҮРГЭЛЖИЛСЭН АРБИТРЫН МАРГААНД ЯЛАЛТ БАЙГУУЛАВ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     “ORANO MINING”-ИЙН ГЭРЭЭ БОЛОН ГАШУУНСУХАЙТ-ГАНЦМОД БООМТЫН ТӨСЛИЙН АСУУДЛААР ЗАСГИЙН ГАЗАР ХУРАЛДАЖ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/20     АЖИЛЧДЫН САРЫН ГОЛЧ ЦАЛИН III УЛИРЛЫН БАЙДЛААР ₮2 САЯ ОРЧИМ БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     PROGRESSIVE EQUITY RESEARCH: 2025 ОН “PETRO MATAD” КОМПАНИД ЭЭЛТЭЙ БАЙХААР БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2024/12/19     2026 ОНЫГ ДУУСТАЛ ГАДААД АЖИЛТНЫ ТОО, ХУВЬ ХЭМЖЭЭГ ХЯЗГААРЛАХГҮЙ БАЙХ ХУУЛИЙН ТӨСӨЛ ӨРГӨН МЭДҮҮЛЭВ WWW.EAGLE.MN НИЙТЭЛСЭН:2024/12/19    

Events

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MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2024 London UK MBCCI London UK Goodman LLC

NEWS

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Germany announces €65bn package to curb soaring energy costs www.bbc.com

Germany has announced a €65bn (£56.2bn) package of measures to ease the threat of rising energy costs, as Europe struggles with scarce supplies after Russia's invasion of Ukraine.
The package, much bigger than two previous ones, will include one-off payments to the most vulnerable and tax breaks to energy-intensive businesses.
Energy prices have soared since the February invasion, and Europe is trying to wean itself off Russian energy.
Ukraine has urged Europe to stand firm.
President Volodymyr Zelensky said Russia was trying to destroy the normal life of every European citizen. In his nightly address on Saturday, he said Russia was preparing a "decisive energy attack on all Europeans", and only unity among European countries would offer protection.
And in a BBC interview broadcast on Sunday, his wife Olena said that if support for Ukraine was strong the crisis would be shorter. She reminded Britons that while rising living costs were tough, Ukrainians were paying with their lives.
According to website Politico, European Union officials have warned there is likely to be a crunch point in the coming months when countries start to feel acute economic pain while also still being asked to help the Ukrainian military and humanitarian effort.
There are already small signs of discontent, with protesters taking to the streets of the Czech capital Prague on Sunday, rallying against high energy prices and calling for an end to sanctions against Russia. Police said about 70,000 people, mainly from far-right and far-left groups were in attendance.
Meanwhile, several hundred protesters gathered at Lubmin in north-eastern Germany, the terminal of the Nord Stream gas pipeline from Russia.
They were calling for the commissioning of Nord Stream 2, a new pipeline which was about to go online but was blocked by the German government after the invasion.
Two days ago, Russia said it was suspending gas exports to Germany through the already operating Nord Stream 1 pipeline indefinitely.
The stand-off with Russia has forced countries like Germany to find supplies elsewhere, and its stores have increased from less than half full in June to 84% full today.
German Chancellor Olaf Scholz told journalists Germany would get through the winter, adding that Russia was "no longer a reliable energy partner".
He said the government would make one-off payments to pensioners, people on benefits and students. There would also be caps on energy bills.
Some 9,000 energy-intensive businesses would receive tax breaks to the tune of €1.7bn.
A windfall tax on energy company profits would also be used to mitigate bills, Mr Scholz said.
The latest package brings the total spent on relief from the energy crisis to almost €100bn, which compares to about €300bn spent on interventions to keep the German economy afloat during the Covid-19 pandemic.
Countries across Europe are considering similar measures.
UK Tory leadership hopeful Liz Truss has said she will announce a plan to deal with energy costs within a week if she becomes prime minister on Tuesday.
And EU energy ministers are due to meet on 9 September to discuss how to ease the burden of energy prices across the bloc.
A document released about the meeting says the agenda will include price caps for gas and emergency liquidity support for energy market participants, Reuters news agency reported.
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Mongolia registers 76 COVID-19 cases on September 4 www.akipress.com

Mongolia registered 76 new COVID-19 cases on September 4.

46 of them were contacts in Ulaanbaatar, and 30 were recorded in the regions. No imported cases were found.

The total number of coronavirus related deaths in Mongolia remained 2,129.

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Turquoise Hill’s fifth largest investor rejects Rio Tinto’s bid www.mining.com

Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR), is ready to put the brakes on Rio Tinto’s intended $3.3 billion takeover of the Canadian miner as it says the offer does not “adequately compensate” minority shareholders.
Rio Tinto (ASX, LON: RIO) announced on Thursday it had reached an in-principle agreement with Turquoise Hill to acquire the remainder of the company following six months of negotiations.
US-based SailingStone, which has a 2.2% stake in Turquoise Hill, said the “opportunistic” cash offer for the 49% of the shares it doesn’t already own is well below Rio’s own valuation of the company.
According to the fund manager specializing in resources companies, Rio’s bid of C$43 a share was C$13 short of the minimum it would accept.
“Rio Tinto holds its interest in Turquoise Hill on the Rio balance sheet at $41 a share, the equivalent of C$56 a share at current exchange rates and a more than a 30% premium to the revised offer,” Sailingstone said in a statement. “This should be the bare minimum for any attempt at price discovery.”
Under the provisional agreement, two thirds of the remaining shareholders, including Rio Tinto, need to vote in favour of the deal. Additionally, more than 50% of minority shareholders must accept it.
Rio’s offer already has the unanimous support of Turquoise Hill’s special committee of independent directors, the companies said on Thursday.
If approved, the move would give the global miner a 66% stake in the giant Oyu Tolgoi mine in Mongolia, one of the world’s largest known copper and gold deposits. The remaining 34% is owned by the Mongolian government.
Rio Tinto has had a rocky relationship with the Quebec-based miner, particularly over how to fund Oyu Tolgoi’s expansion. Rio has also drawn criticism from some of Turquoise Hill’s minority shareholders about the control it exerts over the company.
The global miner, which has mined copper from Oyu Tolgoi’s open pit for a decade, and the Mongolian government ended earlier this year a long-running dispute over the $7 billion expansion of the mine.
Rio Tinto chief executive Jakob Stausholm has said the proposed takeover would simplify governance, improve efficiency and create greater certainty of funding for the long-term success of the Oyu Tolgoi project.
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Japan revises guidelines for overseas tourists www.nhk.or.jp

The Japan Tourism Agency has revised its guidelines for overseas tourists as the county prepares to reopen to individual tourists next week.
Starting on Wednesday, the government will allow tourists from all countries to enter Japan without joining a guided tour.
Travelers will be able to plan their itinerary more freely, but travel agencies will be asked to secure means of communication with tourists during their stay.
The government will continue to deny entry to individual travelers who don't make their travel and accommodation arrangements through agencies.
Destinations for the guided tours had been determined in advance. But going forward, tourists can freely decide their schedule for sightseeing and meals during the day.
Travel agencies will be responsible for the tours, and will need to obtain phone numbers and other relevant contact information from the tourists. Agencies will also be required to ask tourists to follow basic anti-infection measures, such as wearing face masks.
The Japan Tourism Agency says no overseas tourists have been reported infected with COVID-19 since Japan reopened to holidaymakers in June. The agency says it hopes to gradually increase the number of visitors, while taking thorough anti-infection measures.
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How Pakistan floods are linked to climate change www.bbc.com

The devastating floods in Pakistan are a "wake-up call" to the world on the threats of climate change, experts have said.
The record-breaking rain would devastate any country, not just poorer nations, one climate scientist has told BBC News.
The human impacts are clear - another 2,000 people were rescued from floodwaters on Friday, while ministers warn of food shortages after almost half the country's crops were washed away.
A sense of injustice is keenly felt in the country. Pakistan contributes less than 1% of the global greenhouse gases that warm our planet but its geography makes it extremely vulnerable to climate change.
"Literally, one-third of Pakistan is underwater right now, which has exceeded every boundary, every norm we've seen in the past," Climate minister Sherry Rehman said this week.
Pakistan is located at a place on the globe which bears the brunt of two major weather systems. One can cause high temperatures and drought, like the heatwave in March, and the other brings monsoon rains.
The majority of Pakistan's population live along the Indus river, which swells and can flood during monsoon rains.
The science linking climate change and more intense monsoons is quite simple. Global warming is making air and sea temperatures rise, leading to more evaporation. Warmer air can hold more moisture, making monsoon rainfall more intense.
Scientists predict that the average rainfall in the Indian summer monsoon season will increase due to climate change, explains Anja Katzenberger at the Potsdam Institute for Climate Impact Research.
But Pakistan has something else making it susceptible to climate change effects - its immense glaciers.
The northern region is sometimes referred to as the 'third pole' - it contains more glacial ice than anywhere in the world outside of the polar regions.
As the world warms, glacial ice is melting. Glaciers in Pakistan's Gilgit-Baltistan and Khyber Pakhtunkhwa regions are melting rapidly, creating more than 3,000 lakes, the the UN Development Programme told BBC News. Around 33 of these are at risk of sudden bursting, which could unleash millions of cubic meters of water and debris, putting 7 million people at risk.
Pakistan's government and the UN are attempting to reduce the risks of these sudden outburst floods by installing early-warning systems and protective infrastructure.
In the past poorer countries with weaker flood defences or lower-quality housing have been less able to cope with extreme rainfall.
But climate impact scientist Fahad Saeed told BBC News that even a rich nation would be overwhelmed by the catastrophic flooding this summer.
"This is a different type of animal - the scale of the floods is so high and the rain is so extreme, that even very robust defences would struggle," Dr Saeed explains from Islamabad, Pakistan.
He points to the flooding in Germany and Belgium that killed dozens of people in 2021.
Pakistan received nearly 190% more rain than its 30-year average from June to August - reaching a total of 390.7mm.
He says that Pakistan's meteorological service did a "reasonable" job in warning people in advance about flooding. And the country does have some flood defences but they could be improved, he says.
People with the smallest carbon footprints are suffering the most, Dr Saeed says.
"The victims are living in mud homes with hardly any resources - they have contributed virtually nothing to climate change," he says.
The flooding has affected areas that don't normally see this type of rain, including southern regions Singh and Balochistan that are normally arid or semi-arid.
Sindh province awaits more devastation
Yusuf Baluch, a 17-year-old climate activist from Balochistan, says that inequality in the country is making the problem worse. He remembers his own family home being washed away by flooding when he was six years old.
"People living in cities and from more privileged backgrounds are least affected by the flooding," he explains.
"People have the right to be angry. Companies are still extracting fossil fuels from Balochistan, but people there have just lost their homes and have no food or shelter," he says. He believes the government is failing to support communities there.
Dr Saeed says the floods are "absolutely a wake-up call" to governments globally who promised to tackle climate change at successive UN climate conferences.
"All of this is happening when the world has warmed by 1.2C - any more warming than that is a death sentence for many people in Pakistan," he adds.
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China's top legislator to visit Russia, Mongolia, Nepal, ROK, attend 7th Eastern Economic Forum www.xinhuanet.com

Sept. 4 (Xinhua) -- China's top legislator Li Zhanshu will pay official visits to Russia, Mongolia, Nepal and the Republic of Korea (ROK) from Sept. 7 to 17 at the invitation of Chairman of the Russian State Duma Vyacheslav Volodin, Chairman of the State Great Hural (Parliament) of Mongolia Gombojav Zandanshatar, Speaker of Nepal's House of Representatives Agni Sapkota and the ROK National Assembly Speaker Kim Jin-pyo respectively.
Li, chairman of the National People's Congress (NPC) Standing Committee, will also attend the 7th Eastern Economic Forum during his stay in Russia.
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Defence Minister Rajnath begins 5-day visit to Mongolia, Japan on Monday www.thehindu.com

Defence Minister Rajnath Singh will embark on a five-day visit to Mongolia and Japan beginning Monday with an aim to expand India’s defence and security ties with the two countries.
In Japan, Mr. Singh and External Affairs Minister S. Jaishankar will join their Japanese counterparts under the framework of ‘2+2’ foreign and defence ministerial dialogue, people familiar with the matter said on Sunday.
Mr. Singh will visit Mongolia from September 5 to 7 while his tour of Japan will be from September 8-9.
It is learnt that the ‘2+2’ dialogue is planned for September 8.
The dialogue is taking place over five months after Japanese Prime Minister Fumio Kishida visited India for the annual India-Japan summit.
At the summit in New Delhi, Mr. Kishida announced an investment target of five trillion Yen (₹3,20,000 crore) in India over the next five years.
In the 2+2 dialogue, the two sides are expected to deliberate on ways to further expand bilateral cooperation in the areas of defence and security besides taking stock of the developments in the Indo-Pacific, the people cited above said.
The Japanese delegation will be headed at the talks by Foreign Minister Yoshimasa Hayashi and Defence Minister Yasukazu Hamada.
The dialogue is scheduled around three weeks ahead of former Japanese Prime Minister Shinzo Abe’s state funeral on September 27 in Tokyo.
The ‘2+2’ dialogue with Japan was initiated in 2019 to deepen bilateral security and defence cooperation further and bring greater depth to the special strategic and global partnership between the two countries.
‘2+2’ dialogue with select countries
India has the ‘2+2’ ministerial format of dialogue with very few countries including the U.S., Japan, Australia and Russia. India’s defence and security ties with Mongolia are also on an upswing.
Prime Minister Narendra Modi paid a visit to Mongolia in May 2015, bringing a renewed vigour to the ties in diverse areas including defence and security.
During the visit, India announced a $1 billion line of credit to Mongolia for infrastructure development and upgraded their ties to the strategic partnership.
Joint India-Mongolia military exercise ‘Nomadic Elephant’ is held annually.
The last two editions of the exercise were held at Ulaanbaatar (Mongolia) in September 2018 and in October 2019 at Himachal Pradesh.
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Iran, Mongolia set to expand ties www.en.irna.ir

The top Mongolian diplomat said that the visit of the Iranian delegation to her country marks the highest level of ties between the two sides over the past 40 years.
She expressed hope that trade relations will be expanded between the two countries.
The Iranian delegation conveyed the message of Foreign Minister Hossein Amirabdollahian inviting his Mongolian counterpart to visit Tehran.
The delegates, during their three-day stay in Mongolia, held talks with other officials as well, exploring ways to develop relations between the two countries and pave ground for Iran’s private sector’s cooperation in Mongolian urban projects.
Three memoranda of understanding were signed too.
The trip to Mongolia, which is located in East Asia, was carried out in line with policies of President Ebrahim Raisi’s administration to boost relations with different countries.
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Deputy Prime Minister of Thailand to visit Mongolia www.montsame.mn

Deputy Prime Minister and Minister of Commerce of Thailand Jurin Laksanawisit will pay an official visit to Mongolia on September 5-7 at an invitation of Minister for Foreign Affairs of Mongolia B.Battsetseg.
This is the first-ever visit by Thailand's Deputy Prime Minister to Mongolia. The visit will be significant for the development of friendly relations, including trade and economic cooperation, with Thailand, a ‘third neighbor’ and an important partner in Southeast Asia.
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Are catastrophic floods Pakistan’s new normal? www.aljazeera.com

Islamabad, Pakistan – Large swaths of Pakistan were inundated in 2010 by “super-floods”, resulting in the displacement of more than 20 million people. Experts called it one of the worst humanitarian disasters the country ever suffered.
Twelve years later, massive flooding has forced analysts and political leaders alike to search for new adjectives that appropriately describe the devastation caused by monsoon rains, with United Nations Secretary-General Antonio Guterres calling the inundation “epochal level”.
UN seeks $160m to help Pakistan amid ‘epochal’ monsoon floods
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Pakistan’s weather department has warned there might be more rain to come this month.
The government declared a national emergency and has desperately sought urgent aid from the international community, already suffering from donor fatigue.
While the UN promised $160m and other countries pledged aid, government officials say the floods have inflicted an estimated “loss of at least $10bn”.
What is the extent of damage?
The South Asian nation of more than 220 million people faces what is arguably its greatest humanitarian crisis. By the end of August, close to 1,200 people have died since the monsoon rains started in mid-June.
More than one-third of the country is still submerged and at least 33 million people are affected. The National Disaster Management Authority (NDMA) puts the number of affected districts at 72 out of a total 160.
The NDMA estimates damage to more than 5,000km (3,100 miles) of roads, 10 million houses partially or fully destroyed, and the death of 700,000 livestock, often people’s only livelihood.
The southern province of Sindh remains the worst affected. As of August 30, NDMA said at least 405 people, including 160 children, died there. More than 14 million people in the province are “badly affected”, of which only 377,000 are living in camps right now.
The southwestern province of Balochistan – Pakistan’s largest by area but also the most impoverished – is also reeling. More than nine million people were forced to leave their homes, but only 7,000 have been provided accommodation in camps.
What caused the floods?
The Global Climate Risk Index puts Pakistan as the eighth most vulnerable country because of disasters caused by climate change, yet the country is responsible for less than 1 percent of the world’s planet-warming gases.
Extreme weather conditions have left the country precariously placed, where weather patterns are no longer predictable.
Earlier this year, the country faced unprecedented heatwaves and months-long drought in Sindh and Balochistan. Only a few months later, Pakistan broke its decades-long rainfall record with the two provinces receiving 500 percent more precipitation than the annual average.
Sara Hayat, a Lahore-based climate change lawyer and policy specialist, told Al Jazeera to ascertain what has caused the devastating floods, it needs to be seen as a pyramid of factors with the foundational one being global climate change.
Hayat said the flooding was caused by excessive torrential rain, as well as glacial melt in the north of the country.
“Pakistan generally gets three to four cycles of monsoon rains,” she said. “This year we have received eight already and there are predictions that rain will go on till October. This is extremely unusual.”
Ali Tauqeer Sheikh, an Islamabad-based climate change analyst, told Al Jazeera that unlike the 2010 floods that were riverine in nature, this year saw multiple types overlapping each other that resulted in “such heavy destruction across the country”.
Sheikh highlighted urban flooding, flash flooding, glacial lake bursts as well as cloud bursts as some of the different types of flooding to hit the country, all linked to climate change activity.
“These are not routine floods. In fact, we have not had riverine floods at all this year. This is perhaps the first time we have climate change affecting patterns of monsoon. Only time will tell if it was a freak event of nature, or if it becomes more routine,” he said.
Hayat said while it is easy to pin blame on the government, preparing for this scale of flooding was always going to be a difficult job.
How do these floods compare with 2010?
While monsoon rains have lashed the country since June, it was only in late July when the intensity and scope became clear.
Since then, Prime Minister Shehbaz Sharif called the floods “unprecedented”, and Sherry Rehman, the climate change minister, described the situation as the worst in living memory.
When asked if these floods are worse than 2010, Hayat responded, “100 percent”.
“Those floods displaced 20 million people. This year the floods have not ended and we have already calculated at least 33 million people who are badly impacted. The complete scope of the disaster will only emerge in coming months when the water starts receding,” she said.
Shahrukh Wani, an economist at the Blavatnik School of Government, University of Oxford, agreed given the scale of this year’s flooding it will “either meet or exceed the damage caused by the 2010 floods”.
“Unlike in 2010, global conditions are very different right now. Much of the global aid momentum is focused on Ukraine and many developed countries are themselves facing economic crises at home, which might mean that Pakistan will have less international support than it did in 2010,” Wani told Al Jazeera.
What are the challenges ahead?
At a time when the country is already reeling from back-breaking inflation and barely averted a default after the International Monetary Fund (IMF) approved $1.17bn in funds, a once-in-a-lifetime flood was the last thing the South Asian nation needed.
Added to this volatile mix is perpetual political instability, exacerbated since the removal of the Pakistan Tehreek-e-Insaf (PTI) government in April.
Sharif recently told international media he is willing to sit down with former Prime Minister Imran Khan to find a way to address the woes facing flood victims.
Hayat said it is imperative that political warmongering stop and priorities be adjusted to face the daunting challenge of rebuilding.
“One of the biggest challenges we will face is when the country goes into election cycle. When that happens, you start thinking only about politics. But it is necessary that flood relief efforts and rehabilitation of the affected population must accompany all political conversation in the country.”
Wani said Pakistan will suffer “catastrophic” economic repercussions because of the floods.
“There is the immediate impact on destroyed food crops, homes, roads, and livestock. This affects both people who are directly impacted by the flood by wiping out their household wealth, but also people in major cities through increasing the cost of food,” he said.
Pakistan faces a “very difficult winter ahead” as it will need money for a “nationwide rebuilding effort post-floods, meeting the demands set up by the IMF programme, competing with Europe to secure gas imports, and cushioning the impact of increasing food inflation”, Wani warned.
But the biggest challenge for Sheikh is if flooding such as this year’s becomes a regular feature rather than a one-off.
“Worst case scenario would be if we get multiple kinds of floods we had this year plus the riverine flood together. The devastation would be unimaginable,” he said.
Flood management strategies must be reoriented to become more robust and climate-smart, Sheikh said.
“First order of business is that we must protect our community and do not grant permits which allow construction on river banks, river shoulders. No amount of money nor any technology can save structure which is built next to the river,” he said.
SOURCE: AL JAZEERA
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