4 June 2020, Karachi: Pakistan is slowly recovering from the coronavirus pandemic. Due to lockdown in several areas, the country’s economic depth continued to support people, businesses, and economic activities.
The Pakistan Stock Exchange (PSX) dropped when the government imposed lockdown in March which is still on the path to recovery. The pre-COVID-19 improvement in fundamentals, the policy response during Covid-19 and fully- funded external and fiscal positions support resilience- they migrate out of Pakistan well-placed to recover post lockdowns.
The relief fund central bank has provided relief of worth around Rs.1 Trillion to people and businesses. The bank gave credit to all businesses, provided loans for salaries to the businesses as they agreed not to lay off employees for three months.
June 2019 helps to improve the country’s foreign currency reserves by more than $10 billion by the time Covid-19 emerged in Pakistan. The International Monetary Fund (IMF) world economy has suggested Pakistan’s gross domestic product (GDP) would not affect as badly as many others in the emerging economies.