- Pakistan has witnessed catastrophic flooding over the past few weeks that affected over 33 million people — some 15% of the nation’s population — and submerged a third of the country.
- The damage to the agriculture sector is likely to widen Pakistan’s trade deficit from the current 2.4% of GDP to more than 3.5%, as the country is forced to import more foodstuffs and other goods from abroad, he pointed out.
- In June, the Pakistani government set a 5% growth target for this year, while the International Monetary Fund forecast that the economy would expand by 3.5%.
Pakistan: How floods compound people’s economic woes 21.09.2022
