regate reaction. Efforts at watershed management should lengthen the life of more recent projects, such as the Mangela and Tarbella Reservoirs; yet reports indicate that, even in these cases sedimentation is occurring at a rate which could render them inoperative in as little as forty years.These processes have major implications for the availability of water for irrigation and power generation. Indeed, some experts predict large deficits of water and electricity in the future, with considerable impact on agriculture and the economy. According to the World Bank, while less than 10 percent of Pakistan's hydroelectric potential has actually been exploited, further development is heavily constrained by silting. Nevertheless, projected stagnation in growth of supplies of natural gas Pakistan's chief energy source - is likely to heighten demand for electricity. Energy supplies have been growing at 7.2 percent per year, while demand is increasing at 8.3 percent annually, and the country has already experienced serious loadshedding due to electricity shortfalls.The effects of flooding are even more salient. Floods have not only produced loss of life and property, but also serious damage to irrigation networks, crops, and transportation and communication systems and utilities. Between 1973 and 1978, a succession of floods in Punjab and Sind affected over 12 million people and over 8 million hectares of land and destroyed an estimated 70 percent of the total standing crop. More recently, in 1992, landslides, accelerated soil erosion, and large quantities of felled, unclaimed timber moving down the Kunhar, Siran, Daur, and Jhelum Rivers in Hazara resulted in widespread destruction of lives and infrastructure. According to a report released by the Sungi Development Foundation, the felled timber:destroyed approximately 30 to 35 water mills on the banks of the Kunhar River in the Kaghan Valley, demolished bridges used as links between remote village...