CCTV.com - CNTV English - CCTV News

Pakistani PM warns of floods' economic impact

09-02-2010 08:32 BJT

Watch Video

Play Video

Pakistan's Prime Minister says the country's economic growth could fall by a full two percentage points because of the flooding disaster, and that would lead to "massive" job losses. He also predicts a grim couple of years for the already fragile state.

Yousuf Raza Gilani, Pakistan's Prime Minister, said, "Pakistan's economy grew by 4.1 percent during the last year and was expected to grow 4.5 percent during the current fiscal year. The damage caused by the floods will bring down the real GDP growth to 2.5 percent for the fiscal year 2011. This economic loss will translate into massive job losses and incomes of thousands of families. Consequently it may have serious social implications."

The floods began over a month ago in northwest Pakistan after extremely heavy monsoon rains, and surged south along the Indus River and its tributaries.

The scale of the disaster has raised concerns about the stability of the country. The army, along with international aid agencies, are struggling to reach the some 8 million people who are still in need of emergency assistance.

The floods have receded in parts of north and central Pakistan but are continuing in the south.

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program