Flood-hit Pakistan unlikely to hit growth target

Discussion in 'Pakistan' started by ifii, Aug 20, 2010.

  1. ifii

    ifii Tihar Jail Banned

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    ISLAMABAD (Reuters) - Pakistan is unlikely to reach its target of 4.5 percent economic growth due to the worst floods in its history, the Asian Development Bank said. [​IMG] [​IMG] [​IMG]
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  3. Agantrope

    Agantrope Senior Member Senior Member

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    Only there will be hit when ther is a growth :D
    :emot15:
    Bhava pichchaandhi :D
     
  4. Daredevil

    Daredevil On Vacation! Administrator

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    There was a report that due to the current floods the economy of Pakistan will contract by 10-20%, then I wonder how will its economy grow in the first place and that too at 3.5%. Any numbers coming out of Pakistan should always be taken with a bucket of salt as they have in past fudged the economy figures to show fake growth rates.
     
  5. Param

    Param Senior Member Senior Member

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    WOW, 10-20%, that's great news for India. But I doubt the pak economy would be affected so badly.
     
  6. Daredevil

    Daredevil On Vacation! Administrator

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    Their economy is like $180 billion or so. $30 billion loss will easily set off their economy by 10%. Almost 20% of the country is under water. The money needed for relief, rehabilitation and redevelopment will be a lot, not to mention the material loss of homes, furniture, domestic cattle and stored food grains.
     

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