UN chief calls on creditors to consider debt-climate adaptation swaps after Pakistan floods

United Nations Secretary-General António Guterres speaks at the 77th session of the UNGA at UN headquarters on September 20, 2022 in New York City, US. (AFP)
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Updated 20 September 2022
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UN chief calls on creditors to consider debt-climate adaptation swaps after Pakistan floods

  • Antonio Guterres says these swaps could have saved lives and livelihoods in Pakistan that is drowning in floodwater and debt
  • Pakistan PM, who is leading the country’s delegation at the General Assembly, says he will narrate ‘story of anguish’ to the world

ISLAMABAD: United Nations Secretary-General Antonio Guterres, in his opening remarks at the 77th session of the UN General Assembly, on Tuesday called on creditors to consider debt-climate adaptation swaps after deadly floods in Pakistan, which have affected 33 million people and inundated a third of the South Asian country. 

The statement came days after Guterres visited flood-hit areas of Pakistan and said the world needed to understand the impact of climate change on low-income countries. 

The deadly floods have killed more than 1,500 people, washed away livestock and crops and devastated key infrastructure in Pakistan since the onset of monsoon season in mid-June. Both the Pakistani government and Guterres have blamed the flooding on climate change. 

While saluting efforts for global cooperation in his opening speech, the UN secretary-general warned of a dire state of the planet. 

“I recently saw it with my own eyes in Pakistan where one-third of the country is submerged by a monsoon on steroids,” Guterres told world leaders at the UNGA. 

“Creditors should consider debt reduction mechanisms such as debt-climate adaptation swaps. These could have saved lives and livelihoods in Pakistan, which is drowning not only in floodwater, but in debt.”  

The UN chief suggested the lending criteria should go beyond gross domestic product and include all dimensions of vulnerability that affect developing countries. 

He said the climate crisis was the defining issue of their time: “It must be the first priority of every government and multilateral organization and yet climate action is being put on the back burner – despite overwhelming public support around the world.” 

Pakistan Prime Minister Shehbaz Sharif, who is leading the country’s delegation at the UNGA, on Tuesday said on the sidelines he was going to narrate Pakistan’s “story of anguish” to the international community. 

Pakistani officials blame the recent devastation on human-driven climate change and say the country is unfairly bearing the consequences of irresponsible environmental practices elsewhere in the world.  

Pakistan is eighth on NGO Germanwatch’s Global Climate Risk Index, a list of countries deemed most vulnerable to extreme weather caused by climate change, despite contributing less than 1 percent to global carbon emissions. 

The problem of environmental degradation is said to be primarily triggered by heavy economic activities generated by developed countries, though it is mostly poor nations which bear the brunt. 


Debris removal steps up at Karachi fire-hit plaza as death toll nears 60

Updated 41 min 6 sec ago
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Debris removal steps up at Karachi fire-hit plaza as death toll nears 60

  • KMC teams remove debris under safety precautions as search for the missing continues
  • Authorities are keeping agencies on alert amid rain forecast as the site remains unstable

ISLAMABAD: Municipal and rescue teams stepped up debris removal operations at a fire-hit shopping plaza in Pakistan’s largest city of Karachi on Wednesday, as officials said the death toll from the blaze has climbed to nearly 60 and the search for missing victims continues.

Teams from the Karachi Metropolitan Corporation (KMC) are clearing rubble from Gul Plaza, a multi-story shopping complex where a fire broke out late Saturday, under strict safety measures, with debris being transported to a designated ground in the city’s Meva Shah area, an official statement said.

“Rescue teams are continuously engaged in search and clearance operations to locate any remaining victims,” the statement circulated by the KMC said, adding that authorities were aiming to complete the process as soon as possible while ensuring safety.

Located in Karachi’s densely populated Saddar district, the fire at Gul Plaza burned for more than 24 hours before being brought under control. The blaze gutted more than 1,200 shops, triggered partial structural collapse and left dozens of people trapped inside.

With rain forecast in the coming days, authorities have placed all relevant departments on alert and are making contingency preparations to prevent further risks at the site, the KMC statement said.

The disaster at the shopping mall has renewed scrutiny of fire safety standards in Karachi’s commercial buildings, where overcrowding, illegal construction and weak enforcement have repeatedly contributed to deadly incidents.

Following the Gul Plaza fire, the Sindh Building Control Authority has warned developers and building owners to address fire safety violations or face legal action.

Deadly fires remain a recurring threat in the city of more than 20 million people, despite periodic crackdowns ordered after major disasters.