PAK302 GDB 1 Fall 2020 – GDB – Solution VU

PAK302 GDB 1 Fall 2020 – GDB – Solution VU

PAK302 GDB 1 Fall 2020 Solution idea:

 

 

How do you see the impacts of Corona Virus on the economy of Pakistan?

 

Solution:

COVID 19 struck the world like a time bomb and it stopped the whole world. All the work around the world stopped. The production of new goods stopped but consumption didn’t. This caused a lot of problems at the time and will also be a problem in the future. All developing countries are going to feel the effects of COVID and Pakistan is also one of those countries. During the COVID government helped poor people by giving cash payments to them, the government also gave subsidies on products and tax relaxations were also announced for the firm owners to help them in the situation. This time period was a kick back for economy and growth of economy will fall due to this kick back.

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