LCCI Urges Govt To Include Construction Of Dams In Its Priorities.
LAHORE -- LCCI President Mian Nauman Kabir has urged the government to include the construction of dams in its prioriAties in order to prevent the worst deAstruction from future floods.
In a statement, Mian Nauman Kabir said that if the lessons had been learnt from the disasters of the past floods and small dams were constructed in rain-fed areas of all the provinces along with big dams, such widespread deAstruction would not have occurred.
The LCCI president said that the ecoAnomic losses inflicted by the deadliest floods were estimated over $ 40 billion while the intensity of prevailing floods is more than the previous ones.
'If the governments don't take preAcautionary measures and comes into the action with full force, the damage will be multiplied many times and will shatter very basis of the economy in the days to come', Mian Nauman Kabir added. While quoting some reports and estimates by the internaAtional institutions, the LCCI president said that the agriculture sector is the major victim of the floods which conAtributes around 23% in the GDP.
The LCCI president feared that the because of vulnerability of the agriAculture sector, the government will have to make additional import of agri products in general and cotton in particular with a collective worth of $ 4 to 5 billion. He said that the cotton sowing has been destroyed to a large extent which is a major raw material of the textile industry...
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