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Reuters

Environment

By Valerie Volcovici

Reeling from floods, Pakistan seeks climate compensation, debt relief

Pakistan United Nations Flood Shehbaz Sharif Antonio Guterres

FILE PHOTO: A man and students ride on a motorcycle on a flooded road, following rains during the monsoon season in Karachi, Pakistan August 10, 2022. REUTERS/Akhtar Soomro

Pakistan's prime minister said his country would need debt relief and would seek compensation for climate damage as it recovers from catastrophic floods that cost the country some $30 billion.

Speaking on Monday at the COP27 climate conference alongside U.N. Secretary-General Antonio Guterres, Prime Minister Shehbaz Sharif said that Pakistan's escalating public debt was hampering its recovery.

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