Pakistan suffered the worst floods in history: 7,000 containers were stranded

Pakistan suffered the worst floods in history: 7,000 containers were stranded

It is reported that Pakistan is suffering from unprecedented floods, with one-third of the area flooded. Flooding from record monsoon rains and melting glaciers in the north affected 33 million people in the country and killed at least 1,325, the country's National Disaster Management Agency said.

The country's foreign minister, Bhutto Zardari, said he was concerned that the damage from the floods would exceed current estimates of $10 billion, adding that the country's crisis was still ongoing and it was in a "rescue and relief phase." The South Asian country, already struggling with dwindling foreign exchange reserves and inflation at its highest level in decades, is now facing damage from a horrific natural disaster. More than 1 million homes have been destroyed, and more than 5,000 kilometers of roads, railways, more than 200 bridges, dams and other critical infrastructure have been damaged, the report said.

About 45 percent of cotton production, one of Pakistan's most important cash crops, has been destroyed. Citing preliminary estimates, Ahsan Iqbal, the country's Minister of Planning and Development, said the country would have to spend $3 billion to import raw materials for its textile industry, the country's largest source of foreign exchange earnings. "About 80 to 90 percent of Pakistan's crops have been damaged by floods," said Bhutto Zardari, the country's foreign minister. The International Rescue Committee reported that 4 million acres of crops were destroyed and 800,000 livestock died.

In addition, according to foreign media reports, the flooding that Pakistan is experiencing has caused up to 7,000 containers to be stranded on the road between Karachi and Chaman on the Afghan border in southeastern Kandahar, and demurrage charges are being incurred. Many trucks are carrying empty containers back to the carrier, but as the container's free lease period ends, D&D fees start to rise.

Traders said they were being charged between $130 and $170 a day per container for "holding" containers that could not be returned. A trader said: "So far, 11 days have passed since I had a container free, and the charge is now $1,870, and the shipping from Shanghai to Karachi is also around $2,000. So my cost doubled for a while."

In addition, many countries and international organizations around the world, including China, have provided financial assistance or material assistance to Pakistan. May Pakistan get over this difficult time as soon as possible.

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