COVID-19 UNCERTAINTIES AND PAKISTAN’S ECONOMIC PROBLEMS DURING THE PANDEMIC

Authors

  • Ghulam Rasool Lakhan
  • Bahadur Ali Soomro
  • Amanullah Channa
  • Ifrah Jameel
  • Shabbir Ahmed

Keywords:

COVID-19 uncertainties, Economic problems, Financial problems, Business problems, Unemployment, Wage loss

Abstract

In the present era, the COVID-19 appeared as a dangerous virus that ruined all most all economies of the globe. The present paper attempts to review the economic problems and uncertainties that affected the Pakistani economy in the COVID-19 pandemic waves. The study is based on a desk review. The data are derived from reliable sources to achieve the purpose of the study. The study's findings suggest that the economy of Pakistan has confronted significant challenges in the pandemic. These problems include economic and financial problems, business problems and firms operating problems. Besides, the study provides evidence about the impact of COVID-19 on revenue and employment within the firms of Pakistan.Furthermore, the study's findings would provide some guidelines about the problems that exist in the pandemic. Therefore, the government of Pakistan must take initiatives if any pandemic may appear. Finally, the study may provide the summarized insights into the economy of Pakistan, particularly concerning economics.

References

COVID-19 Pakistan socio-economic framework (2020). https://unsdg.un.org/sites/default/files/2020-07/PAK_Socioeconomic-Response- Plan_2020.pdf

Lakhan, G.R.,Soomro, B. A., & Channa, A. (2021). Problems and restrictions perceived by the potential entrepreneurs in a developing context. Psychology and Education, 58(5), 3102- 3110.

Memon, M., Soomro, B. A. & Shah, N. (2019). Enablers of entrepreneurial self-efficacy in a developing country. Education +Training, 61(6), 684-699.

Pakistan Institute of Development Economics (2020). Sectoral analysis of the vulnerably employed COVID-19 and the Pakistan’s labour market. PIDE COVID-19 Bulletin, No. 4, Islamabad: PIDE, https://www.pide.org.pk/pdf/PIDE-COVIDBulletin-4.pdf

SAARC (2020). COVID-19 Sitrep November 30, 2020http://www.covid19- sdmc.org/sites/default/files/situtation_report_document/Situation-Report_30-11-2020.pdf.

Shah, N.,Kalwar, M. S. &Soomro, B. A. (2020). Early COVID19 outbreak, individuals’ mask attitudes and purchase intentions: A cohesive care. Journal of Science and Technology Policy Management, doi.org/10.1108/JSTPM-05-2020-0082

Soomro, B. A. & Shah, N. (2020). Perception of young entrepreneurial aspirants towards sustainable entrepreneurship in Pakistan. Kybernetes, htto://doi 10.1108/K-07-2019-0504 Soomro, B. A.& Shah, N. (2021a). Examining the intention to stay home due to COVID-19: A

pandemic’s second wave outlook. Health Education,12(4), 420-435.

Soomro, B. A.& Shah, N. (2021b). Technopreneurship intention among non-business students: A quantitative assessment. World Journal of Entrepreneurship, Management and Sustainable Development.DOI 10.1108/WJEMSD-10-2020-0129

Soomro, B. A.,Memon, M. & Shah, N. (2020a). Attitudes towards entrepreneurship among the students of Thailand: An entrepreneurial attitude orientation approach. Education + Training, 63(2), 239-255.

Soomro, B. A.,Shah, N. & Mangi, S. (2019). Factors affecting entrepreneurial leadership in small and medium enterprises (SMEs) of Pakistan: An empirical evidence. World Journal of Entrepreneurship, Management and Sustainable Development, 15(1), 31-44.

Soomro, B.A., Mangi, S. & Shah, N. (2021). COVID-19 complications and economic recovery of China: Guidelines for other economies. Journal of Economic and Administrative Sciences,DOI 10.1108/JEAS-01-2021-0008

United Nations Industrial Development Organization (UNIDO, 2020). Impact assessment of COVID-19 on Pakistan’s manufacturing firms. https://www.unido.org/sites/default/files/files/2021- 03/UNIDO%20COVID19%20Assessment_Pakistan_FINAL.pdf

World Bank (2020). South Asia economic focus, fall 2020.https://openknowledge.worldbank.org/bitstream/handle/10986/34517/9781464816406. pdfhttp://www.COVID-1919-sdmc.org/

Downloads

Published

2021-10-30

How to Cite

Lakhan, G. R. ., Soomro, B. A. ., Channa, A. ., Jameel, I. ., & Ahmed, S. . (2021). COVID-19 UNCERTAINTIES AND PAKISTAN’S ECONOMIC PROBLEMS DURING THE PANDEMIC. The Journal of Contemporary Issues in Business and Government, 27(5), 994–1005. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2036