The world is going through the worst pandemic as coronavirus is spreading quickly and the best precaution to avoid spreading of this deadly virus is to stay home and avoid social gatherings.
SECURE YOURSELF AND OTHERS : Wash your hands frequently with cleanser and water for in any event 20 seconds, particularly in the wake of being in an open spot, or in the wake of wiping out your nose hacking or wheezing. Remain at home however much as could reasonably be expected and keep away from unnecessary travel.
The Covid-19 ultimately demands for both developing and developed economies to work more effective health care system and extensive research and in-depth exploration for vaccines to counter such pandemics in future. Pakistan should take Canada as a role model and revitalize the existing industries by manufacturing the medical supplies and its relevant items to treat and protect Covid-19 patients and keep economy pushing ahead to defeat the monetary misfortunes. This is the right time to promote “Made in Pakistan” vision a reality.
Therefore, almost all the countries of the world imposed complete lockdown for the safety of their people. Due to which countries are going into economic crises. These lockdowns have made bunches of financial issues. On the social front, livelihood opportunities have been squeezed all of a sudden. Daily-wage earners, small and medium businesses and traders took a big hit due to this unavoidable action. On the financial front, the unexpected conclusion of enormous enterprises, little and medium organizations, ports, air terminals and transport have nearly stuck the wheel of the economy.
Even the lockdown has scaled down the consumption of petroleum products a great deal, which has resulted in partial closure of refineries and the government has to cut down on petroleum imports. When the lockdown just started, the labor related to industries and other businesses waited for some time in cities in the hope that the situation would improve in a couple of weeks. However, the situation deteriorates and many laborers have gone back to their native villages and towns since they are not in a position to eke out their existence. The compelling reason is that they will be better off in their native areas due to the availability of food items and shelter. In a nutshell, the marked economic slowdown is now leading to negative GDP growth, as projected by the International Monetary Fund (IMF), the World Bank and the SBP. Pakistan's economy has endured numerous tempests before and has indicated versatility under outrageous worldwide circumstances.
Under the evolving situation, the social discontent has increased and it requires careful attention from the government. If the government does astute planning and tries to implement its measures in true letter and spirit, the extreme crisis could be managed with little economic, political and social loss. Under the current crisis, the role of public policy is the key. Let us see how things unfold in the coming days.
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