DR (disaster risk) = V (vulnerability) * H (hazard) C (Capacity)
Disaster risk reduction (DRR) aims to reduce the damage caused by natural hazards like earthquakes, floods, droughts, and cyclones, through an ethic of prevention.
These losses could have been largely reduced if disaster risk reduction measures had been incorporated into physical, social and economic development programme and projects in the country.
The 2005 earthquake illustrated the fact that disasters are not natural; they are closely related to human knowledge, skills and action or inaction. It also provided a wake-up call to move away from an emergency response paradigm, and to devote more attention to prevention, mitigation, and preparedness.
The UN Environment Programme has stated that each USD invested in DRR will later save $47 in emergency response, a more moderate estimate from ECHO (international donor) estimates savings of 4-7 Euro in emergency response per Euro invested in DRR. Even the most moderate estimate demonstrates the importance of investing in Disaster Risk Reduction.
Reducing exposure to hazards, lessening the vulnerability of people and property, wise management of land and the environment (risk-sensitive development plans), and improving preparedness and early warning for adverse events are all examples of disaster risk reduction.
NDRMF is a government-owned not-for-profit institution registered with the Securities & Exchange Commission of Pakistan under Section 42