Pakistan will “absolutely not” default on debts despite floods: Finance Minister
Islamabad, PakistanReuters Pakistan will “absolutely not” default on debt obligations despite catastrophic floods, the finance minister said on Sunday, signalling there would be no major deviation from reforms designed to stabilise a struggling economy. Floods have affected 33 million Pakistanis, inflicted billions of dollars in damage, and killed over 1,500 people – creating concern that […]
Pakistan floods cost at least $US10 billion – planning minister
Islamabad, PakistanReuters Early estimates put the damage from Pakistan’s deadly floods at more than $US10 billion, its planning minister said on Monday, adding that the world has an obligation to help the South Asian nation cope with the effects of man-made climate change. Unprecedented flash floods caused by historic monsoon rains have washed away roads, […]