IMPACT OF COVID-19 PANDEMIC DRASTICALLY ON THE ECONOMY OF PAKISTAN- DEEP INSIGHTS FOR POLICYMAKERS

Abstract

Abstract Purpose of the study: This article aims to examine the economic consequences of the unprecedented crisis of COVID-19 across Pakistan's sectors. To date, the second phase of COVID-19 is underway, and the economic losses of the industries and the recovery plan are still underdeveloped. Methodology: This study is qualitative based. Mix method and desk review approaches are used to analyse the impact of covid-19 on the different sectors of Pakistan Main Findings: The review revealed that the pandemic had a range of negative impacts on domestic, foreign trade, health care, education, and tourism, but had a positive effect on the environment and the agriculture sector. Applications of this study: This study can be effective for the researcher to an immediate need to study each sector's economic insights further to improve crisis management policy. Novelty/Originality of this study: this research contributes to the covid-19 pandemic in the different sectors of Pakistan. It also offers insights into how policymakers should build policies.