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.
Unusually heavy monsoon rains have caused devastating floods in both the north and south of the country, affecting more than 30 million people and killing more than 1,000. read more
"I haven't seen destruction of this scale, I find it very difficult to put into words ... it is overwhelming," said Pakistan's Foreign Minister Bilawal Bhutto-Zardari in an interview with Reuters, adding many crops that provided much of the population's livelihoods had been wiped out.
"Obviously this will have an effect on the overall economic situation," he said.
The South Asian nation was already in an economic crisis, facing high inflation, a depreciating currency and a current account deficit.
Read Full Story ....
Reuters >>>
:
Source: Reuters
| Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
