The devastating flash floods in Pakistan have inflicted a loss of at least $10 billion on different sectors of the country’s struggling economy, according to Minister for Finance Miftah Ismail. He said these were the initial assessments that might escalate after conducting surveys on the ground, The News reported.

The Minister however, did not have the details of the losses faced by each sector of the economy at the moment.

Asked whether the country had taken the donors into confidence on the initial assessment of damage, he replied in the negative.

Top official sources said Islamabad would first seek financial assistance from the international community and then it might assess the damages separately or jointly with the donors to work out the exact figures, but first of all the government would focus on all-out relief efforts in order to rescue the victims.

Initial assessments show that more than 1,000 people and millions of livestock have died in different parts of the country besides damage to an untold number of houses, hotels and roads in major flood-hit areas of Punjab, Sindh, Balochistan and Khyber Pakhtunkhwa.