In July-August, several parts of Pakistan were hit by heavy floods. In the wake of severe floods, the initial estimates of losses have accumulated in the range of USD 18 billion. Pakistan’s agriculture sector faces the worst blow as the agriculture growth might remain zero or slide into negative territory against the envisaged target of 3.9% for the current financial year 2022–23. Huge areas of the country are still underwater, and hundreds of thousands of people have been evicted from their homes.