Responding to the economic consequences of COVID 19 in Pakistan: lessons learnt

Vaqar Ahmed

Journal of the Asia Pacific Economy, 2024, vol. 29, issue 4, 1724-1736

Abstract: This paper discusses the impact of COVID-19 on production and trade in Pakistan. The paper finds that Pakistan’s outbreak preparedness and response has been a success story, but there are still some gaps that need to be addressed in order to better prepare for future crises. We recommend that the policy makers: conduct frequent structured dialogues with small firms to better understand the type and magnitude of unanticipated costs that increase during health crises; regularly source information to determine if the design of fiscal support is benefiting the beneficiaries; convene dialogues with businesses (which should include labour groups) to address the stringency of temporary trade measures; support smaller firms for adoption of online technologies; expedite the implementation of e-commerce policy, information security policy, and personal data protection law; and cut down business and trade costs during crisis through a more liberal tariff policy and rationalization of regulatory burden on firms.

Date: 2024
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DOI: 10.1080/13547860.2024.2318951

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