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What is the impact of Coronavirus on Pakistan and on Global Businesses?

Under the wake of the recently spreading lethal coronavirus, different countries have already started taking precautionary measures to avoid it. Initially, it was China that has suffered from this virus on a large scale.

Impact of Coronavirus on Pakistan

Beginning from Wuhan, a city in china having more than 11 million of the population, coronavirus is making its way to the other countries as well.

Pakistan was also contaminated when two positive cases of the virus were brought into the light. The patients suffering from COVID-19 have travelled from Iran where they have gone to visit historical places. These two patients belong to Islamabad and Karachi and are being kept in the private wards.

Special Assistant to Prime Minister Dr. Zafar Mirza said in a tweet,

“I can confirm the first two cases of coronavirus in Pakistan. Both cases are being taken care of according to the clinical standard protocols and both of them are stable. There is no need to panic, things are under control.”

Under the wake of coronavirus widely spreading across the country, Sindh and Baluchistan governments have shut down all the educational institutions till 13th March 2020.

Moreover, Sindh Education Minister Saeed Ghani stated that the provincial government would “try its best to create awareness about the precautions [against coronavirus] among the people.”

Special Assistant to Prime Minister on Health, Dr. Zafar Mirza also told masses that the condition of both the patients is stable and they are healing. Dr. Zafar Mirza took to his twitter handle and announced that both patients are now stable. He wrote,

Both patients of #COVID-19

“Both patients of #COVID-19 are stable and improving. Contacts traced until now and tested are all negative.”

Meanwhile, the authorities have also conducted tests of the family of the first coronavirus patient in Pakistan. According to the test reports by the Sindh health department, all the family members are tested negative for the virus and are being cleared.

However, the panic was not over yet. Special Assistant to Prime Minister on Information and Broadcasting Firdous Ashiq Awan has also told masses to not get panic about the situation. Instead of fearing the disease, we should fight it courageously.

Dr. Mirza also advised the nation to not get panicked,

“There is still no need for the nation to panic. We are taking the needed security and precautionary measures. The media and the public should also take precautions and be more responsible, instead of panicking.”

Within the boundaries of Pakistan, after the confirmation of the coronavirus cases, different labs and clinics have increased the prices of the masks. A mask that was sold for Rs30 or 40 was being sold for Rs.500-600. The government of Pakistan has decided to take strict action against those involved in the business.

In the wake of coronavirus, Pakistan has shut down all the trades with the neighboring countries including Iran and China. Pakistan has sealed the border with Iran to avoid any interaction.

The impact of Coronavirus on Global Businesses

 

The deadly virus is creating not only human loss but countries are having business loss as well. China is the world’s fastest growing country and second largest economy. It has huge resources and a powerful technology system. However, with the recent identification of coronavirus in China, the country has experienced huge business losses in all the fields.

According to the recent reports, the economic growth of china is expected to slow to 4.5%.

Moreover, we also know that countries across the world always rely upon china for their oil requirements. However, oil manufacturing is also effecting badly now a days. According to the International Energy Agency,

“Global oil demand has been hit hard by the novel coronavirus.”

Factories are being shut down across the countries to seek protection from this contiguous virus. As a result of the factory shut downs, the flow of the productions of goods has been slowed.

Moreover, hundreds of people are being lockdown in different countries. Towns are closed and locked by the authorities. Human activities have come to a standstill and still, there is no way to get rid of this.

Moreover, different countries have imposed travel restrictions to avoid interacting with the effected lands. Saudi Arabia has banned Umrah for now and all the flight operations are shut down. The travel and tourism industry will not work until the situation gets clearer.

Many trades and sports functions that were destined to show off in China are being either postponed or cancelled.

 

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