Pakistan is unlikely to achieve its economic growth target of 4.5 percent for the ongoing fiscal due to worst ever floods, Asian Development Bank (ADB) said.
“The probability of being more like that (three percent) rather than four is higher,” said ADB Director General for Central Asia, Juan Miranda.
“Crops and infrastructure have been damaged. You can not sell stuff. You can not connect to another village. That can not help the economic growth figure,” he said.
Although the Pakistani government will have to divert resources to the flood relief effort, it should still work to implement economic reforms in the long term, Miranda added.
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