The U.S. and other donor nations “significantly upped their pledges” of aid for the flooding in Pakistan during a U.N. General Assembly meeting on Thursday, in which the U.N. “appeared to [meet] its target of $460 million in immediate aid for flood-stricken Pakistan,” the Associated Press reports.
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It could take Pakistan three or more years to recover from the major floods that have affected the country over the past few weeks, Pakistan’s President Asif Ali Zardari said, Reuters/MSNBC.com reports (8/24).
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UNICEF estimates that about 3.5 million Pakistanis only have access to contaminated water, the U.N. Office for the Coordination of Humanitarian Affairs (OCHA) said on Wednesday in a statement, Bloomberg Businessweek reports. Approximately 2.5 million flood survivors now have access clean water (Gale, 8/26).
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“Abbott Laboratories will soon acquire the biggest share of India’s pharmaceuticals market, about 7%, when the company closes as early as next month on a $3.7 billion takeover of the drugs business of Piramal Healthcare Ltd.,” the Wall Street Journal reports in an article that examines how pharmaceutical companies are tapping into emerging markets as a way to bolster sales.
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As rains and flooding in Pakistan continue, “the U.S. is racing to provide basic human needs, like makeshift housing,” the Christian Science Monitor reports in an article looking at how the U.S. disaster response is being shaped by “the global battle with militant Islam.”
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