ISLAMABAD
As flash floods and overflowing rivers wreak havoc across the country, preliminary estimates show that the country has already suffered damages $5.5 billion worth. In Sindh and Punjab provinces sugarcane and cotton crops have been destroyed completely while onion, tomato, and Kharif chilies have been partially damaged. The loss of cotton crops alone has been estimated at $2.6 billion. Experts believe Pakistan’s textile and sugar export could drop by $1 billion. At least 2 million tonnes of wheat stored at the government’s warehouses in Sindh have been spoiled due to rains and floods.
