MSNBC: Pakistan flood damage estimated at $9.5 billion

ISLAMABAD — International lenders are estimating that this summer’s floods caused $9.5 billion in damage to Pakistan’s infrastructure, agriculture and other sectors, a government official said Wednesday.

The estimate, drafted by the Asian Development Bank and the World Bank in consultation with Pakistani leaders, underscores the financial challenges facing Pakistan, a U.S.-allied nation that is battling an Islamist insurgency and was relying on international loans before the deluge.

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