Economic Implications of Climate Change in Pakistan: A Comprehensive Analysis

Abstract

In this research article, focus has been placed on an analysis of the economic impacts of climate change in Pakistan, a country that is vulnerable to the effects of climate change due to various factors such as geographical position and socio-economic factors. These tendencies of climate change impacts including the rising trends in floods, droughts and extremity of climate-related disasters pose a significant threat to Pakistan’s economic growth and developmental path. Thus, this study applies the mixed-methods approach to assess the direct and indirect economic consequences of climate change, including the synthesis of a rich variety of existing literature. It also uses examples to explain how these environmental effects lead to major losses in different industries such as agriculture, infrastructure and even public health. The implication identified in the research is that climate change contributes to poverty and food insecurity, reduces agricultural yield, and weakens health centers. Some of these extend adverse impacts especially to the vulnerable groups, thus deepening economic disparities. This research points to a need to implement policy measures and design more effective approaches and robust strategies for climate risk management to reduce the damage that climate change has on the economy. Furthermore, attention is paid to the need to develop international cooperation and collaboration with stakeholders to solve these urgent problems. Thus, this article seeks to bring out multiple dimensions of climate change economic impacts to assist policymakers, development assistants and researchers in the process of formulating and implementing an effective and coordinated policy that ensures sustainable development and long–term economic resilience for the people of Pakistan.