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Impact of Covid-19 Pandemic on the GDP of Pakistan

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Impact of Covid-19 Pandemic

on the

GDP of Pakistan

Omer Hussan Bajwa

Introduction

The history of mankind is marked with both natural and manmade calamities. Sometimes, it had to confront great disasters in the form of earthquake, floods or droughts; while, sometimes, it has to keel in front of widespread health issues in the form of a pandemic. Currently, the world is facing one of the worst pandemics of the recorded history. Covid-19, the disease caused by novel Coronavirus emerged in Wuhan, China, in December last year, and engulfed the whole world within a couple of months. The World Health Organization (WHO) declared Covid-19 as a pandemic on March 11, 2020. Since then, the virus has disrupted the supply chains and paralyzed all the continents. It not only cost around 0.8 million lives besides leaving deleterious impacts on the economies worldwide. The story of Pakistan is not much different. Besides devouring the lives of more than six thousand Pakistanis, the pandemic is wreaking havoc on the economy of the country.

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