Pakistan might face losses of 1.3 Trillion due to coronavirus pandemic

coronavirus pandemic could le to ecomic losses of nearly Rs 1.3 trillion in various sectors across Pakistan, international media reported. Pakistan has till w reported 873 cases of COVID-19 infection and six deaths. According to reports, aforementioned losses will be incurred on account of drop in GDP growth because of reduction in services sector, including airline business and ors, Pakistan's Federal Board of Revenue (FBR) loss, massive decline in imports, exports, reduction in remittances, and disruption in food supplies.

Re: WHO Reveals Coronavirus Does t Spre Airborne As People Stockpile Masks Globally

preliminary assessment of losses done by Asian Development Bank (B) stood at USD 5 billion, however, Pakistan's top officials argued that se estimates were less than expected actual losses. Planning Commission of Pakistan estimated that size of country's GDP stood at Rs 44 trillion and one-fourth stood at Rs 11 trillion, so disruption caused by Coronavirus was expected to cause at least 10 per cent losses in last quarter (April-June) that would stand at Rs 1.1 trillion at least.

Re: World Cup 2019: Netizens Go Gaga Over West Indies Team As y Dismantle Pakistan Batting Line-up In Just 21.4 Overs

country's Federal Board of Revenue h alrey slashed its target from Rs 5.555 trillion to Rs 5.238 trillion. w, amid pandemic, it is estimating a nationwide collection of only Rs 4.4 trillion till June 2020. Federal secretary commerce Sardar Ahm Nawaz Sukhera, talking to international media revealed that exports might also face a loss in range of USD 2 to USD 4 billion as pandemic has cancelled a majority of it. 

First doctor dies 

Meanwhile, a 26-year-old Pakistani doctor reportedly died after contracting vel coronavirus while treating COVID-19 patients in Gilgit region of Pakistan-occupied Kashmir. His death marks first death of a healthcare worker in country. According to reports, deceased named Usma Riaz h treated patients who recently returned from Iraq and Iran.

Re: First Doctor Dies From Coronavirus In Pakistan

Re: 6 Pakistan Officials Suspended For Taking Selfie With Coronavirus-infected Colleague