Economic losses in flood-hit Pakistan touches $18 billion: Reports

The floods in Pakistan has caused economic damages to the tune of around $18 billion to the country's teetering economy, wiping out more than 8 million acres of crops and displacing more than 33 million, media reports said on Friday. Record monsoon rains and melting glaciers in northern mountains brought floods that have killed at least 36 people in the last 24 hours, taking the death toll to 1,391 as of Friday.