ADB, World Bank assess Pak flood damage at $9.7 billion

• The floods, that swept across Pakistan since July, has caused an estimated $9.7 billion damage to infrastructure, farms, homes, as well as other direct and indirect losses, the Asian Development Bank (ADB) and the World Bank (WB) have said.
• The estimate was presented in the Damage and Needs Assessment (DNA), a survey conducted nationwide by ADB and the World Bank to assess the extent of the flood damage.
• In carrying out the assessment, ADB and World Bank teams examined the extent of the damage in 15 key sectors across Pakistan, also the direct damage, indirect losses and reconstruction costs.
• The DNA found that the agriculture and livestock sectors have been the worst hit, followed by complete or partial damage to a large number of houses.