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Economic Losses

Extreme weather caused $129 bn in economic losses last year: report

PARIS: Extreme weather caused some $129 billion (111 billion euros) in economic losses last year, said a report Tuesday that warned the bill will keep climbing as climate change boosts droughts, storms and floods. There was a 46-percent increase in weather disasters from 2010 to 2016, with 797 "extreme" events recorded last year, according to research published in The Lancet medical journal. These "resulted in $129 billion in overall economic losses" -- a figure roughly matching the budget of Finland. Losses were…

‘World should acknowledge Pakistan’s unparalleled sacrifices, huge economic losses in fight against terrorism’

SIALKOT: Foreign Minister Khawaja Asif on Sunday said Pakistan had rendered great scarifies and suffered huge economic losses in the war against terrorism. “Recognition of these sacrifices by the world community is essential for elimination of terrorism,” he said while talking to media in Sialkot. He said no other country has done more than Pakistan to eliminate terrorism. The foreign minister said Pakistan would continue its efforts to wipe out terrorism with commitment by taking action against terrorists without…