Abstract

At the forefront of strategists and policymakers' minds stand the catastrophic circumstances of COVID-19 in Pakistan. Severe trauma of unprecedented economic shocks and financial crises brought the country's mechanism to experience a sudden halt. It is necessary to consider how to accelerate recovery and mitigate the spread of negative consequences affecting sectors, industries, institutions, and diverse ventures. Amidst the existing vulnerabilities imposed by inadequate resources and constrained mobility of necessities, the sustainable measures balancing costs and benefits will equip Pakistani communities to fight the corona war proficiently. We analyze the size of adversities hurting various types of individuals, variations in an inflow of economic and financial activities, and reactions to massive disturbances, albeit to different levels. Aligned with in-depth insights and findings, the development of preventive strategies in these desperate times can protect Pakistan's economy from long-lasting disruptions, landing on the safe zone over the coming years.
 Received Date: October 13, 2020 Last Received: December 10, 2020 Acceptance: December 30, 2020

Highlights

  • Economic meltdown and trade disruptions have never emerged to such an extent that would enfeeble the rate of recovery and deepen geographical instability, throwing multiple countries into the shambles

  • The current study aims to measure the intensity of damage to Pakistan manifested through various economic indicators

  • The massive spread of COVID-19 has been primarily controlled by implementing lockdowns and through practising social distancing nationwide, it does not promise complete relief from the pandemic in Pakistan’s fractured economy

Read more

Summary

Introduction

Economic meltdown and trade disruptions have never emerged to such an extent that would enfeeble the rate of recovery and deepen geographical instability, throwing multiple countries into the shambles. While epochs of Department of Economics Volume 3 Issue 2, Winter 2020. Measuring the Impact of Coronavirus at Grassroot Level. Digital integration were about to transform the world’s face, the upsurge of the novel coronavirus halted the innovative opportunities to be realized. It silently wounded millions of people by developing severe respiratory symptoms. From underprivileged individuals to prosperous families, vulnerability to the outbreak has huge implications for each household in the form of restricted mobility and social distancing

Objectives
Results
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call