Describe the financial crisis that Pakistan will face in future due to covid-19?
Answers
Investment banker and risk analyst Khurram Schehzad expects Pakistan's economy to shrink by $15 billion as a result of the pandemic. He also predicts a 10% decline in gross domestic product (GDP) in the fourth quarter of the financial year 2020.
btw.....r u from Pakistan?!!
Answer:
Pakistan has been one of the countries worst affected by COVID-19, with the economic disruption caused by the pandemic exacerbating an already existing crisis. This paper discusses how the public health crisis has affected some of the most critical sectors of the Pakistani economy. While the government has implemented some mitigation measures, they are inadequate to counter the impact of the pandemic. The paper analyses the likely fallout of a near-meltdown of Pakistan’s economy on the nation’s hybrid political system that is dominated by the military. Finally, it examines the possible impact of Pakistan’s economic crisis on its strategic environment and strategic alignments, especially its relations with India.