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Edition: U.S. Article Comments (1) Slideshow Video Save Email Print Reprints Most Popular Most Shared Burger King mulls sale: source 11:06am EDT UPDATE 2-Hurricane Earl to sideswipe US eastern seaboard 11:02am EDT Hurricane Earl to sideswipe U.S. eastern seaboard | Video 11:51am EDT Nasdaq rises 3 percent as rally accelerates | Video 11:19am EDT Israel hints Jerusalem compromise in peace talks | Video 10:05am EDT Facebook CEO: Keep private life out of lawsuit 31 Aug 2010 Burger King has been considering sale: source 1:36am EDT Russia reveals how much it pays its spies 31 Aug 2010 Wall Street futures signal higher open; data eyed 4:34am EDT Chinese manufacturing snaps out of slowdown 31 Aug 2010 Pictures of the month: August 31 Aug 2010 Burger King mulls sale: source 11:06am EDT Editor's choice 31 Aug 2010 Facebook CEO: Keep private life out of lawsuit 31 Aug 2010 Target stores to sell Facebook gift cards 9:15am EDT Hurricane Earl to sideswipe U.S. eastern seaboard | Video 11:05am EDT UPDATE 2-Hurricane Earl to sideswipe US eastern seaboard 11:02am EDT Sony offers new generation of lighter e-readers 3:05am EDT Reyl says time ripe for hedge fund seeding 31 Aug 2010 Israel hints Jerusalem compromise in peace talks | Video 10:05am EDT NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Blasts kill up to eight in Pakistan's Lahore, 100 hurt Tweet This Share on LinkedIn Share on Facebook Related News Death toll in Pakistan blasts hits 18: official 11:39am EDT Pakistani children haunted by flood 11:39am EDT In Pakistan, waiting on an island for flood relief 11:39am EDT Climate change, human failing behind Pakistan floods 11:39am EDT Analysis & Opinion The contours of an Afghan settlement Why Pakistan deserves generosity Related Topics World » Related Video Life in a flooded Pakistani hamlet Tue, Aug 31 2010 1 / 19 Amira, 2, a flood victim suffering from skin and stomach problems, cries at a hospital in Sukkur, in Pakistan's Sindh province, September 1, 2010. Credit: Reuters/Damir Sagolj By Mubasher Bukhari LAHORE, Pakistan | Wed Sep 1, 2010 11:39am EDT LAHORE, Pakistan (Reuters) - At least two bombs exploded at a Shi'ite procession in the Pakistani city of Lahore on Wednesday, killing up to eight people and wounding 100, piling pressure on a government already overwhelmed by floods. Witnesses said a suicide bomber blew himself up in a crowd of hundreds, after a lull in violence during the floods, the type of attack that Pakistani Taliban militants have claimed in the past. A Lahore local government official said up to eight people were killed in the explosions which came within 15 minutes of each other. There were reports of a third blast. Soon after the blasts, a mob set fire to a police station and several vehicles. People also beat policemen, witnesses said. The renewed violence came as millions of Pakistanis continued to struggle for food and water more than a month after the worst floods in the country's history. The floods have ravaged Pakistan's economy, Prime Minister Yusuf Raza Gilani said, with massive job losses and soaring inflation expected to hurt a nation whose stability is vital to the U.S. war against militancy. "The floods have inflicted damage to the economy which may, by some estimates, reach $43 billion, while affecting 30 percent of all agricultural land," Gilani said briefing the cabinet. Agriculture is the mainstay of the economy, with cotton the main cash crop, and the sector is one of the biggest sources of employment. Facing the prospect of long-term economic pain, Pakistan hopes the International Monetary Fund (IMF) will soften the terms of an $11 billion loan. Pakistani and IMF officials are meeting in Washington to work out the impact of the floods. "This economic loss will translate into massive job losses affecting incomes of thousands of families, which may have serious social implications," said Gilani, whose government was heavily criticized for its slow response to the catastrophe. GRIM OUTLOOK Many Pakistanis, who lost homes, families and livelihoods, are furious at the government for not doing enough to help them. The powerful military has taken charge of relief efforts, but Islamist charities, some linked to militant groups, have also stepped in, raising concerns they may exploit public anger. British Deputy Prime Minister Nick Clegg said it could take Pakistan years to recover, with threats from water-borne disease and opportunistic militants. "The danger always is that you get groups who have an ulterior motive who provide aid to try to curry favor," he said after visiting an aid camp. Pakistan is expected to register economic growth of just 2.5 percent because of the impact of flooding, the information minister said, trimming an earlier 4.5 percent target. The budget deficit is expected to climb to 6-7 percent of gross domestic product in the fiscal year 2010/2011, compared with an earlier forecast of 4.5 percent. Pakistan, a key U.S. regional ally, is also embroiled in a deadly battle with Islamist militants. Before the floods struck a vast swath of the country, the army said it had scored major gains against the Taliban. In two days of air raids starting on Tuesday, Pakistani forces killed up to 62 militants, their family members and other civilians with no ties to the fighters, officials said. Such strikes have undermined public support for the army. Washington has repeatedly urged Pakistan to go after militant sanctuaries in the northwest saying these have helped boost the Afghan insurgency, now at its deadliest. (Additional reporting by Zeeshan Haider and Augustine Anthony in Islamabad and Chris Allbritton and Rebecca Conway in Pabbi and Svetlana Kovalyova in Milan; Writing by Michael Georgy; Editing by Sanjeev Migliani) World Comments See All Comments (1) | Post Comment Sep 01, 2010 11:26am EDT Now watch the larger “flood” of radical Islam move in to provide relief to the poor and a substantial increase in recruits. Pakistan is five years out from collapse or civil war. finneganG Report As Abusive See All Comments (1) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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