The Outlook of Economic Development of Pakistan during Covid-19 Pandemic and Its Potential Effects on Different Regions

Abstract

 In this article, we have known about the outbreak of the corona virus and how the corona virus affects the Global economy. Further, we have discussed the economic development of Pakistan in the year 2019 to 2020. How did these countries stabilize their economy at the time of the pandemic? What were the Policies they have for their country and business? How small sizes and large businesses affected during the pandemic what was the growth of GDP we have discussed in this article the data were analyzed through descriptive statistics. Pakistan's economic system, just like the outer world, has been significantly affected mostly by COVID-19 pandemic through a range of mechanisms, including several downturn in national and international consumption, a reduction in international visitors transportation, trade and manufacturing interconnections, and logistic shortages. From February 2020, the explosive growth of the COVID-19 virus has fostered the national economy to a standstill. The magnitude of monetary damages, on the other contrary, will be related to the occurrence and frequency of COVID-19. We have used exploratory techniques, which will include a detailed examination of the relevant research, which would include governmental statements, research articles, and evaluations in the sector. The finding demonstrate that the overwhelming of the collaborating enterprises have been severely influenced, and they are struggling with something like a range of problems involving financial management, supply chain interruption, reduced prices, sales, and revenue. We have also seen how online businesses operate during coved 19. Further, we have researched how the education sector was affected by the COVID-19 pandemic. What was the strategic plan implemented to stabilize the education system during an outbreak.