'We've gone back 50 years': Pakistan farmers count flood damage

In this picture taken on August 30, 2022 a labourer walks past cotton crops damaged by flood waters at Sammu Khan Bhanbro village in Sukkur, Sindh province. (AFP)
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Updated 03 September 2022
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'We've gone back 50 years': Pakistan farmers count flood damage

  • Pakistan was for years self-sufficient in wheat production, but more recently has relied on imports 
  • Islamabad can scarcely afford imports even if it possibly purchases discounted grain from Russia 

Sammu Khan Bhanbro: Pakistan’s farmers are still counting their losses from the devastating floods that have put a third of the country under water, but the long-term impact is already clear. 

“We have gone back 50 years,” said Ashraf Ali Bhanbro, a farmer in Sindh province whose 2,500 acres of cotton and sugarcane — on the verge of being harvested — have now been wiped out. 

More than 33 million people have been affected by the floods caused by record monsoon rains, and one of the worst-hit areas is Sindh in Pakistan’s south. 

The province is bisected by the mighty Indus River, along whose banks farming has flourished for millennia with records of irrigation systems dating back to 4,000 BC. 

Sindh’s problems are two-fold. 

The province was drenched by record rains locally, but that water has nowhere to drain because the Indus is already at full flow, swollen by tributaries in the north, and has burst its banks in several places. 

“At one stage it rained continuously for 72 hours,” said Bhanbro, adding he has lost at least 270 million rupees ($1.2 million) on inputs alone. 

“That was the cost incurred on fertilizers and pesticides... we don’t include profit, which might have been much higher as it was a bumper crop.” 

Unless flooded farmlands can be drained, farmers like Bhanbro will not be able to plant a winter wheat crop — vital for the country’s food security. 

“We have one month. If water is not discharged in that period, there will be no wheat,” he said at his farm in Sammu Khan village, around 40 kilometers (25 miles) northeast of Sukkur. 

Pakistan was for years self-sufficient in wheat production, but more recently has relied on imports to ensure silos are full as part of its strategic reserves. 

Islamabad can scarcely afford imports — even if it purchases discounted grain from Russia, as is being discussed. 

The country owes billions to foreign creditors, and only last week managed to convince the International Monetary Fund to resume funding that can’t even service foreign debt, let alone pay a flood-damage bill estimated at $10 billion. 

Driving along an elevated highway from Sukkur to Sammu Khan provides a shocking view of the devastation wrought by the floods. 

In some places there is water as far as the eye can see; where cotton crops are visible in flooded fields, their leaves have turned brown, with hardly a boll to be seen. 

“Let’s forget the cotton,” said Latif Dinno, a farmer in Saleh Pat, 30 kilometers northeast of Sukkur. 

The big landowners will likely ride out the floods, but tens of thousands of farm laborers face terrible hardships. 

Many only get paid for what they pick, and supplement their earnings by growing food on tiny plots of land in villages scattered across the province. 

Those too are under water, and tens of thousands have fled their flooded homes to seek shelter on higher ground. 

“There is nothing left to pick,” said Saeed Baloch, who labors every season with members of his extended family, pooling their earnings. 

It’s not just the farmers that are affected, but every link in the supply chain is feeling the strain. 

“We are doomed,” said Waseem Ahmed, a cotton trader in Saleh Pat, who like many in the industry paid advances to fix purchase prices and hedge against inflation and market fluctuation. 

“Against 200 maund (about 8,000 kg, 18,000 pounds) expected, only 35 maund has been reaped,” he said, adding he had shelved plans to expand his business. 

At a small collection store in a usually vibrant cotton market in Sindh, two boys poked half-heartedly at a heap of wet cotton, checking to see if anything could be salvaged. 

“The market is shut down and even the ginning factories are closed,” trader Ahmed said, pointing to a row of closed shops. 

The sense of helplessness is overwhelming, but cotton picker Dinno hopes for divine intervention. 

“We look up to Allah. He is the ultimate savior,” he said. 


79 foreign firms, including Middle Eastern investors, enter Pakistan in three years — SECP

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79 foreign firms, including Middle Eastern investors, enter Pakistan in three years — SECP

  • Foreign firms invested about $145 million across energy, logistics, IT and agriculture
  • Pakistani regulator says 19 companies exited market over the same three-year period

KARACHI: Middle Eastern energy and logistics companies including Saudi Aramco, Wafi Energy and DP World expanded their footprint in Pakistan, as 79 new foreign firms commenced operations in the country over the past three years, according to an official statement released on Tuesday.

The figures come as Pakistan seeks to rebuild investor confidence and attract foreign capital to shore up its economy after years of financial turbulence that saw foreign currency reserves shrink, the rupee weaken sharply and inflation surge. Islamabad has been pursuing structural reforms and courting overseas partners to stabilize growth and ease external financing pressures.

“79 new foreign companies commenced operations in Pakistan over the past three years, while foreign firms invested Rs 40.7 billion [$145 million] in key sectors during the same period,” the Securities and Exchange of Pakistan (SECP) said in a statement.

“A total of 61 foreign companies also carried out shareholding transactions involving local entities,” it added. “Of the 61 shareholding transactions, 29 involved transfers to other foreign companies, four to foreign individual investors, 20 to local individual investors, and eight to local corporate entities.”

According to the regulator, several transactions were linked to global corporate restructuring among multinational companies. Saudi Arabia’s Wafi Energy acquired Shell Pakistan’s operations, while Dubai-based PTA Global Holdings secured a majority stake in Lotte Chemical Pakistan.

Saudi Aramco purchased a 40 percent equity stake in Gas & Oil Pakistan Limited, and Switzerland’s Gunvor Group alongside Total Parco Limited acquired equal stakes in TotalEnergies Pakistan.

In logistics, UAE-based DP World entered into a joint venture with Pakistan’s National Logistics Corporation, while investments in the technology and telecommunications sectors included acquisitions and stake purchases involving regional and international firms.

The statement said 1,157 foreign companies are currently registered and operational in Pakistan, with 19 exits recorded over the past three years.