Economic Impact on Pakistan

Book Review
ICMA Pakistan has always played a proactive role in keeping its members, in particular and the policy makers, regulators, business and industry, in general; abreast with the vital issues and challenges concerning the national economy and the profession. In the present context of pervasive spread of COVID-19 in Pakistan, the Institute has made an assessment of the possible impact of this deadly coronavirus on various segments and sectors of the national economy and suggest way forward for the government to deal with the repercussions of extended halt of business and industrial activities in the country as a result of complete lockdown.
It is hoped that the members and other stakeholders would find this booklet informative and beneficial.

Chapter 1

reviews the global impact of COVID-19 especially on global growth, demand and supply.

Chapter 2

provides an overview of Pakistan’s response to COVID-19 pandemic, including the Economic Relief Package and other incentives announced by the Government.

Chapter 3

discusses the macro-economic impact of COVID-19 on Pakistan, especially on the GDP growth, poverty and un-employment, CPI Inflation, tax revenues, remittances, stock market, currency market, foreign exchange reserves and agriculture.

Chapter 4

assesses the impact of COVID-19 on the manufacturing sector, especially steel industry, cement industry, automobiles, chemicals & Dyes, pharmaceuticals, textiles, paper & paperboard.

Chapter 5

evaluates the impact of COVID-19 on the Services sector such as banking, insurance, real estate, aviation, tourism and hospitality and education sector.

Chapter 6

reviews the impact of the pandemic on the foreign trade of Pakistan that covers exports and imports as well as the Afghan Transit Trade (ATT).

Chapter 7

provides an assessment on the impact of COVID-19 on the ongoing CPEC projects.

Chapter 8

presents a ‘Way Forward’ including recommendations for the consideration of policy makers.