Pakistan, Oct. 6 -- ISLAMABAD - In the aftermath of the recent flash floods, Pakistan and the International Monetary Fund (IMF) are preparing to adjust the country's budgetary and macroeconomic targets for the current fiscal year, according to The News.

Initial assessments had suggested that the floods might not result in major economic losses, but the Rapid Need Assessment (RNA) conducted across all four provinces now estimates damages at Rs650 billion. Experts caution that these losses could rise further as international donors, including the World Bank, Asian Development Bank, European Union, and UNDP, finalize their evaluations.

The revised budgetary framework is being finalized to secure a staff-level agreement under the $7 billion...