COVID-19 & Pakistan's Economy: The Blueprint

Coronavirus is one of various emerging virulent disease outbreaks that have caused an extensive negative impact on human health and economic shortfalls in recent decades. The world markets have entered a weak economic period due to the COVID-19 epidemic, and demand for the products has decreased significantly. The research aimed to analyze to what degree the pandemic has affected Pakistan's exports and economic growth and to find economic explanations and solutions to the existing coronavirus related concerns. The research technique is a mixed-method approach that includes quantitative and qualitative analysis. Considering the global ramifications of COVID-19, Pakistan must prepare for an economic recession. Shafi, Liu, and Ren (2020) examined the ultimate effects of the COVID-19 outbreak on Pakistani imports, exports, and the economy. They discovered that supply chain disruptions, lockdowns, and lower worker input had harmed 80 percent of Pakistani SMEs. This resulted in lower national and international demand, fewer exports, lower quality, and a worsening financial situation.