According to a cluster of media reports, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that the lack of water reservoirs has already caused losses worth over a trillion dollars to the country’s economy during the past 30 years. This situation has manifested itself in multiple deficiencies and repeated episodes of water shortage for agrarian, industrial as well as domestic purposes. The mismanagement of water and inadequate storage are regarded as fast-emerging threats to the country’s agricultural sector.
The country generates $0.5 from one cubic metre of water as compared to the world’s average of $8 and an incredible sum of $30 by Japan. This situation can mainly be attributed to the failure to construct major water reservoirs after the construction of the Mangla and Tarbela dams. More mega dams need to be constructed in order to prevent the problems faced due to a water shortage. In addition, there is a need for an efficient water management policy that should be complemented with a firm political will for its effective execution. This will ensure that losses worth billions of rupees don’t erode the economy.