US business leaders urged to help flood-ravaged Pakistan

A senior Pakistani diplomat on Wednesday called on American businessmen, investors and stock brokers to help Pakistan cope with the worst-ever floods that have made over 20 million people homeless.

Babar Hashmi, the Pakistan consul general in New York, was speaking at the National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange where he was the chief guest at the traditional closing bell ceremony, marking the end of day’s business.

The consul general, who focused the grave situation resulting from the natural disaster, told the gathering that one-fifth of Pakistan, a close ally of the United States in the war on terror, was under water creating a multitude of problems.

He said that flood waters have damaged 1.2 million homes and washed away standing crops resulting in huge losses to Pakistan’s economy. The country’s infrastructure has largely been destroyed. While the Pakistan government was pressing all its resources to deal with the floods, the country needed international help.

He urged his audience to make generous contributions for the relief of flood-hit Pakistani people.

Earlier, a top official of NASDAQ stock exchange expressed sorrow at the situation created by the floods in Pakistan and the losses it suffered. He said that the US business sector would play its part in alleviating the suffering of the Pakistani people.