The first research paper on COVID19 impact on Pakistan’s economy is written by three renowned economists belonging to the Planning Commission’s think tank.
Pakistan Institute of Development Economics (PIDE) including Dr Nasir, Naseem Faraz and Mahmood Khalid.
“Sectoral Analysis of the Vulnerable Employed COVID-19 and Pakistan’s Labor Market”
In their research paper “Sectoral Analysis of the Vulnerable Employed COVID-19 and Pakistan’s Labor Market” distributed the crisis into Stage-I, Stage-II and Stage-III.
This study also highlights all the provinces in Pakistan are now experiencing lockdowns, though of different intensities, to ‘flatten the curve’ of the spread of pandemic COVID-19.
The normal month to month misfortune of stage-I is evaluated at Rs22 billion, stage-II Rs186.86 billion and stage-III Rs260.9 billion.
The assessed financial esteem of the cutbacks of defenseless business in each division has been calculated.
Since Pakistan has as of now passed Arrange I in most of its districts, the government ought to be looking at the taken a toll of Stages II and III whereas considering around the conceivable components to reach out to the laid-off specialists.
stage-I is evaluated at Rs22 billion, stage-II Rs186.86 billion and stage-III Rs260.9 billion.
It is worth specifying here that this is often the month to month taken a toll as it were. As the period of lockdown would amplify, the taken a toll would too increment relatively.
If the viral spread can be tracked to a possible extent and lockdown of clusters or cities can be phased out, the monthly cost can be mitigated.
The research paper proposed arrangement reaction by giving benchmark gauges for the financial esteem of work misfortune (financial affect), the necessity of monetary space for adapting with the financial and restorative taken a toll is however to be decided. This would require an pay security level to be chosen.
