According to Pakistan’s finance minister, Miftah Ismail, as food costs have increased dramatically, Pakistan would contemplate importing veggies from its bitter rival India to lessen the effects of the floods.
He suggested that additional choices might include Turkey and Iran. More than 33 million people have been affected by unprecedented flash floods brought on by historic monsoon rainfall.
Historic monsoon rains have resulted in unprecedented flash floods that have damaged a large area and harmed more than 33 million people. On Monday, 1,136 people had died as a result of Pakistan’s disastrous floods. Following the cash-strapped administration led by Prime Minister Shehbaz Sharif’s desperate plea for assistance to deal with the catastrophe that has uprooted 33 million people, or one-seventh of the country’s population, some international aid started coming in.
Sherry Rehman, Pakistan’s minister for climate change, referred to it as the “monster monsoon of the decade,” and Miftah Ismail, its minister for finance, estimated that the floods cost the country’s economy $10 billion.
After India decided to repeal Article 370, which gave Jammu and Kashmir a unique status, Pakistan lowered its trading relations with India in August 2019. The Dawn newspaper cited a source when it stated that former security adviser Moeed Yousuf was developing some ideas for trade with India.
Former commerce advisor Razak Dawood is known to have advocated for the restoration of trade with India on a number of occasions.