Pakistan floods: Disaster to cost more than $10bn, minister says

Tuesday, 30 August 2022newsdesk

Pakistan's planning minister says early estimates show the devastating floods that hit the country have caused at least $10bn (£8.5bn) of damage.

New Delhi, 30 August 2022

As per news report of BBC, Pakistan's planning minister’s comment comes as another government minister said that one-third of the South Asian nation has been submerged. Separately on Monday, Pakistan received a $1.1bn bailout from the International Monetary Fund (IMF). That money is aimed to help the cash-strapped economy avoid defaulting on its debts. The unprecedented flash floods caused by historic monsoon rains have killed at least 1,136 people and affected more than 33 million, over 15% of the country's population.

Source - BBC