Pakistan economy hit

PAKISTAN’S economic growth will plunge 2% due to the floods crisis and lead to massive job losses, the prime minister warned yesterday. Yousuf Raza Gilani said a fifth of the country’s irrigation infrastructure, livestock and crops were destroyed.

"Performance of agriculture consequently will be much lower this year and the year ahead.

“This loss will have a snowball effect on manufacturing, services and export sectors,” he said.


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