Gilani puts loss to economy at $43 billion
September 2, 2010 |12:18 | Politics By : Team X
The figure is equivalent to the loss suffered due to terrorism over nine years. Chairing a somber meeting of the federal cabinet on Wednesday, the prime minister said that the country would need at least three years to recover from the crisis, and that too only if international help matches the scale of the disaster. Gilani announced that the government would hold a conference of multilateral donors towards the end of October or early November.
International donations will be sought once the damage need assessment (DNA) is completed by the World Bank (WB) and the Asian Development Bank (ADB), he added. The cabinet, Information Minister Qamar Zaman Kaira told reporters later, had decided to lower estimations for the Gross Domestic Product (GDP) growth to 2.5 per cent compared to the initial target of 4.5 per cent for the current fiscal year.

Pakistani film actress Meera has run into another controversy with police including her name in the probe into a kidnapping case registered against her brother, Syed Ahsan Abbas, by his former wife.
Faced with what he called "political posturing" by Republicans over immigration reform, President Obama fought back on Thursday with some grade-A political posturing of his own.












