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Business Matters: Flood-stricken Pakistan appeals for economic support

Flood-stricken Pakistan appeals for economic support

30/08/2022 GMT

BBC World Service - Business Matters, Flood-stricken Pakistan appeals for economic support

Islamabad secures a $1.1bn loan as deadly floods disrupt the country's recovery

Islamabad will receive a $1.1bn loan from the IMF as deadly floods disrupt the country's recovery. Monsoon rains have left a third of Pakistan's territory under water.

Islamabad will receive a $1.1bn loan to boost the economy, but as deadly floods disrupt the country's recovery more will be needed from international sources. Monsoon rains have left more than 1,000 people dead, and a third of Pakistan's territory under water. We hear more from economist Ammar Khan in Karachi.

Germany’s free public transport (take out hyphens!) programme is in its final days. The scheme is meant to help reduce the use of energy amid a supply crisis triggered by the war in Ukraine and Germany’s reliance on Russian gas. We talk to Christian Boettger from the University of Applied Science in Berlin.

As the cost of energy reaches record highs, leaders of the European Union discuss emergency measures to curb energy bills. Suzanne Lynch from Politico in Brussels tells us more.

Nuclear waste can stay radioactive for thousands of years, but Sweden says they have now found a better way to dispose of it. The BBC’s Theo Leggett reports.

Amazon has produced the most expensive series ever made: The Rings of Power. The latest release from the Lord of the Rings (take out apostrophe) saga will premiere this week. LA Times’s entertainment reporter Anousha Sakoui tells us more.

Will Bain is joined throughout the programme by James Mayger, China Economics Reporter at Bloomberg in Beijing, and Kristina Hooper, Chief Global Market Strategist at Invesco in New York City.

(Picture: A man, victim of the flood, stands amid the rubble of his damaged house, following rains and floods during the monsoon season, in Jafarabad. Picture credit: reuters)

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