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Impact of COVID-19 Pandemic on Economy of Pakistan

Author

Listed:
  • Naeem, Iqra
  • Muhammad, Ghulam
  • Niazi, Abdul Aziz Khan

Abstract

Purpose: In this research study, author tried to analyze and investigate the issues of COVID-19 pandemic and its possible affect on economies especially in context of Pakistan. The basic purpose of this research is to examine and understand the COVID-19 issues and its consequences worldwide economies. This study was conducted using grey relational analysis.Methodology: GRA is used to calculate the correlation among two or more constructs. The core part of this research is pre.and.post.COVID-19.implications on world economies as well as on Pakistan’s economy. Furhermore, in this study author tried to analyze that which year was the most &destructive year for economies. For analyze and investigation, author gathered six years secondary data and apply GRA research methods to conclude the results.Findings: After successfully concluded the outcomes which showed that like other countries in the world Pakistan’s economy also affected due to business were shutdown and governments imposed lockdown in country-wise which eventually caused export declined. Due to this reason, impact on Pakistan’s economy went to nosedown even growth rate down to negative. Economy of any country highly depending on its exports so, in order to evaluate any country economic condition, exports of this country may highly considered.Conculsion: Therefore, at the end it was concluded that the year 2020 was the most destructive year for any country especially for Pakistan which affect the economy most.

Suggested Citation

  • Naeem, Iqra & Muhammad, Ghulam & Niazi, Abdul Aziz Khan, 2021. "Impact of COVID-19 Pandemic on Economy of Pakistan," Review of Politics and Public Policy in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 3(2), pages 129-140, December.
    • Handle: RePEc:src:ropecc:v:3:y:2021:i:2:p:129-140
    DOI: http://doi.org/10.26710/rope.v3i2.2240
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