Saudi Arabia approves new financial settlement rules for corruption cases    IMCTC launches second phase of Sahel Countries Program in Niger    Riyadh Season 2024 attracts over 18 million visitors    Disaster happened in 'world's most controlled airspace'    American and father of youngest hostages among those due for release from Gaza Saturday    Palestinian born after father was jailed hugs him for the first time    FireAid: Stars take to stage for LA benefit concert    Singer and actress Marianne Faithfull dies at 78    Saudi, Russian foreign ministers discuss regional issues in phone call    MWL chief meets Italian president in Rome; thanking him for supporting two-state solution    Ettifaq sack Steven Gerrard after poor results, appoint Saad Al-Shehri as new head coach    National Cybersecurity Authority launches 2nd phase of Postgraduate Scholarship Program    GASTAT: Real GDP records growth of 4.4% in Q4 2024    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    HP is redefining the Future of Work with AI    Mona Lisa to be moved as part of major Louvre overhaul    Neymar bids heartfelt goodbye to Al-Hilal: I will always support you    Al-Nassr announces transfer of Brazilian forward Talisca to Fenerbahçe    SFDA chief rules out plan to ban sale of cigarettes or vapes    Al Hilal and Neymar mutually agree to part ways    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Pakistan Agriculture May Need 2 Years For Flood Recovery
Published in Saudi Press Agency on 20 - 09 - 2010

Pakistan's agriculture industry -- a pillar of the economy -- could take up to two years to start recovering from devastating summer floods, the Asian Development Bank (ADB) said on Monday.
The ADB and the World Bank are assessing the damage caused by one of Pakistan's worst natural disasters, which destroyed 1.3 million hectares of crops just before the harvest of key products such as rice, maize and sugarcane.
"Once the country gets back on its feet, it will be able to meet part of those agricultural import needs that will happen over the next two years," Philip Erquiaga, director general of ADB's private sector operations, told Reuters.
"We are thinking within that time horizon we should be able to see the agriculture sector coming back," he told Reuters.
Agriculture is Pakistan's second largest sector, accounting for over 21 percent of gross domestic product. Nearly 62 percent of the population depends on agriculture for their livelihoods.
The ADB said earlier it could provide Pakistan with around $1.5-$2 billion of trade finance to help with recovery and reconstruction after the floods, some $500 million more than it earmarked originally.
The ADB expects half of that increase to be used for basic commodities, including food and medicine, said Erquiaga.
"The balance of that we will probably see coming in the form of capital goods imports related to reconstruction," he said.


Clic here to read the story from its source.