Pakistan, Oct. 18 -- Finance Minister Muhammad Aurangzeb has projected Pakistan's economic growth between 3.5 and 4 percent for the current fiscal year despite the severe impact of recent monsoon floods that devastated farmland, displaced over four million people, and killed over 900 across the country.

In an interview with Bloomberg, the finance minister said the initial assessments showed damage to the country's rice and cotton sectors, adding more detailed damage assessments will take place in the coming months.

"This will put in a dent to our GDP growth number," he said. "My own view is it will still be north of 3.5%, early days, but anywhere between 3.5 to 4."

Prior to the flooding, the Pakistani government projected economic grow...