Pakistan: According to Pakistan's planning minister, early estimates indicate that the country has suffered at least $10 billion (£8.5 billion) in damages from the devastating floods.

He made this statement after another government minister claimed that a third of the country in South Asia had been submerged. Separately, Pakistan received a $1.1 billion bailout from the IMF on Monday (IMF). The goal of that funding is to prevent the debt-ridden economy from going into default. At least 1,136 people have died and more than 33 million people, or more than 15% of the country's population, have been affected by the unprecedented floods caused by the historic monsoon rains.

In addition, heavy rains have destroyed other infrastructure such as bridges, crops, houses and roads. "It's going to be huge in my opinion. According to a very preliminary, preliminary estimate, it's significant and is worth over $10 billion," Pakistan's Planning Minister Ahsan Iqbal told Reuters.

Iqbal continued by saying that there would be severe food shortages in the country in the coming weeks and months and thought the floods were worse than the 2010 floods in Pakistan, which were the deadliest in the country's history and killed more than 2,000. Abandoned dead people.

Pakistan's Finance Minister Miftah Ismail suggested that Pakistan might look at importing vegetables from its bitter rival India to help with the food shortage.

The country's climate change minister Sherry Rahman referred to the situation as a "humanitarian disaster of epic proportions caused by climate".

According to Ms Rehman, "in fact one-third of Pakistan is still under water, which has exceeded every limit, every parameter we have seen in the past."

Pakistan was in the midst of an economic crisis and was in talks with the IMF about a bailout even before the floods.

In light of the country's struggling economy and an annual inflation rate of around 25%, official data released in recent weeks showed that the country only had enough foreign exchange to cover a month's worth of imports.

IMF Deputy Managing Director Antoinette Saih said in a statement about $1.1, "Pakistan's economy has been affected by adverse external conditions, due to the outbreak of war in Ukraine, and domestic challenges, including unequal and unbalanced growth as a result of adjustment policies." Has happened." billions of dollars

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