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LAHORE: The devastating floods of 2025 caused losses amounting to Rs822bn, claimed 1,039 lives, and displaced more than four million people, according to the Economic Survey 2025-26 released on Thursday.

The unprecedented disaster dealt a severe blow to the economy, forcing policymakers to revise the country’s real GDP growth target downward from the originally projected 4.2 per cent to a range of 3.5 to 3.9 per cent.

Describing the calamity as a “major downside driver to Pakistan’s economic growth,” the survey highlighted the enormous human and economic costs of the historic monsoon season.

The floods were triggered by highly unusual rainfall between July and September 2025. National average rainfall reached 172.8mm, 23pc higher than the normal level of 140.9mm.