COVID -19 creates a new world & life
I already wrote an article: NEW WORLD ORDER-2020 predicting COVID-19 is much worst than 9/11 because world is not only going to changed but it will be a new world beyond human imagination & may be like the cartoons created to show the highly unbelievable technological men & machines like flying men with the speed of jets and jets are replaced by some machines shown in star wars.
Infinix : successfully launched Infinix Hot 9
Covid -19 has changed the face of the world in six months because strongest economies of the world and countries with big wealth resources are seen crippled to address the health and life of the their people.
Countries like USA are facing great difficulty to keep their workforce on job due to lockdown health warnings and restrictions by health agencies as of last week 31millions filled unemployment status which is all times great number in USA & 4.1 million filled for unemployment in Australia. These figures are almost 25% of the workforce of these countries.
World Bank sees Pakistan’s economic growth
Oil rich states are in great turmoil. Demand of oil is reduced and workforce of these oil wells are returning to their countries so what will happen all Indians Pakistanis, Bangladesh & Sri Lankans are waiting to catch a flight back home and returning process is already started.
South Asian estates are mostly poor countries except India but India is also in a great problem due to its wrong policies to remain in war and depute over one million army personnel’s to lockdown the same number of Kashmir’s for the last over 8 months which has further aggravated the economic conditions & most of the giants companies of India have gone bankrupt.
Conditions are getting alarming in Pakistan and business is shut for the last over 8 weeks which has created multiple problems to trade & industry specially for daily wage workers and for industries to pay the salaries to their employees plus other utility bills and taxes.
Keeping in view of the economic conditions of Pakistan and IMF loan with IMF strict conditionality’s Pakistan need to take precautionary measure with a consultative process with business community of the country who are also very much hit hard and working out to find a way out to support the government and also keep their business alive specially 3.5 million SMEs for a role to play at the time of need because there is no choice & we together have to face it.
Pakistan is mostly so far is an agrarian economy and have ample of wheat and rice to meet the demand for the year 2020 bout we need more yield of Wheat,Rice, Sugar & Cotton to run our factories or to sell itin the international market to get the foreign currency, in fact we are heading for the world greatest economic depression & must prepare for these upcoming worst times.
AMB: Rehmatullah Javed
SME Expert of Pakistan
