ISLAMABAD: Pakistan needs financial help to deal with 'overwhelming' floods, its foreign minister said on Sunday (Aug 28), adding that he hoped financial institutions such as the International Monetary Fund (IMF) would take the economic fallout into account. Unusually heavy monsoon rains have caused
ISLAMABAD: Pakistan needs financial help to deal with"overwhelming" floods, its foreign minister said on Sunday , adding that he hoped financial institutions such as the International Monetary Fund would take the economic fallout into account.in both the north and south of the country, affecting more than 30 million people and killing more than 1,000.
Bhutto-Zardari said the board was expected to approve the release given an agreement between Pakistani officials and IMF staff had already been reached and he hoped in coming months the IMF would recognise the impact of the floods. Men walk with their belongings along flood waters following rains and floods during the monsoon season in Charsadda, Pakistan on Aug 28, 2022. Bhutto-Zardari, the son of assassinated former Prime Minister Benazir Bhutto, said the economic impact was still being assessed, but that some estimates had put it at US$4 billion. Given the impact on infrastructure and people's livelihoods, he said he expected the total figure would be much higher.
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