Flood-hit Pakistan faces economic catastrophe


Pakistan countenances financial catastrophe after the overwhelming floods that have wiped out farmland and ruined communications, with feared losses of billions of dollars probable to set back growth by years.

The country's worst still caring disaster has ravaged an area approximately the size of England, affected 20 million people, exacerbated a crippling energy disaster and raising fears of social unrest.

"It appears we're fated to walking through a dark tunnel. We're on an endless path of misery," said Morio Pahore, a planter from small town Thul in southern Pakistan who is now living in a tent on a highway.

Shirtless, his face burnt dark by the sun, the graying 50-year-old said he lost all when the rains fell and the river rupture its banks.

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