OICCI urges global support as Pakistan reels from deadly floods, climate shocks

The Overseas Investors Chamber of Commerce and Industry (OICCI) expressed deep sorrow on Friday over the loss of lives and widespread destruction caused by recent flash floods and heavy rains in Pakistan.

“Our thoughts and prayers are with the victims, their families, and the many communities facing hardship as a result of these catastrophic events,” the OICCI said in a statement.

The chamber noted that these recurring disasters are not isolated events, but signs of a troubling “new normal.” It pointed out that Pakistan is among the most climate-vulnerable nations in the world despite having played a small role in global emissions.

The humanitarian toll is now being matched by economic strain, the OICCI said, further burdening an already struggling economy.

At the 3rd Pakistan Climate Conference held earlier this year, the OICCI and the World Bank estimated Pakistan will need $348 billion in climate-related investment by 2030 to adapt and mitigate the effects of climate change.

“This target is beyond the capacity of a single country alone. It demands a concerted, collaborative response,” the statement read.

The OICCI called on the Government of Pakistan, international development partners, and global climate institutions to join forces to address what it described as an “existential threat.”

“Climate change is not confined by borders, and neither should the response be,” the chamber said.

The OICCI urged for a proactive, well-resourced plan that includes policy reforms, infrastructure upgrades, and efforts to strengthen community resilience.

“This collective effort must aim not only to respond to immediate disasters, but to establish long-term systems that can predict, prevent, and withstand future climate shocks,” it added.

Representing the voice of foreign investors in Pakistan, the OICCI reaffirmed its commitment to promoting sustainability and climate-smart development across both urban and rural areas.

“Climate resilience must be integrated into the core of Pakistan’s development strategy,” the group said.