Pakistan urges IMF to consider flood impact in next programme review

Prime Minister Shehbaz Sharif has said that Pakistan is making steady progress in meeting targets set under the International Monetary Fund (IMF) programme, but stressed that the economic impact of recent floods should be taken into account during its upcoming review. Massive floods across the country have struck both the rural heartland and industrial centres for the first time in decades, causing billions of dollars in damage while straining food supplies, exports and a fragile economic recovery.