Pakistan floods '10th costliest disaster' in a decade.

THE calamitous Pakistan floods of 2022 were the tenth most expensive climate disaster to have buffeted a nation over the last decade, according to risk modelling firm RMS.

The floods inflicted an estimated loss of $3 billion on the country, caused over 1,700 deaths and displaced eight million people.

Poor countries like Pakistan, which saw around eight million people displaced, often bear the brunt of devastating weather events, RMS said in its observation.

The firm carried out a survey to rank the 10 biggest natural disasters to have hit humanity over the last decade.

Also read: At COP27 summit, PM Shehbaz seeks climate compensation, debt relief for Pakistan

The survey was carried out in the backdrop of deliberations at the COP27 climate conference in Egypt last week to hammer out a 'loss and damage' mechanism that would determine, in monetary terms, the extent of destruction suffered by a country due to climate change.

The summit also discussed measures to disburse money to poor countries to enable them to cope with...