Abid is a student of political science and graduated in social sciences.
The COVID-19 pandemic has hit hard in every country across the globe, but its profound implications can be seen more in developing countries. The countries with already fledgling economies are now suffering with the Covid-19 aftermaths. It has deteriorated the very socio-economic fabric of the developing countries. It is under no illusion that COVID-19 is deteriorating the socio-economic thread of developing countries. Pakistan is one of the most vulnerable countries and could seriously suffer in many ways. Since 2001, Pakistan has removed 22 million people from the poverty circle. It is a very encouraging sign, but the process is going to reverse due to COVID-19. According to the Economic Survey of Pakistan 2020, the inflation rate is 12.6 percent, which was 5.6 percent in 2018. In summary, Pakistan, with multiple loopholes in its administrative system, is first in the row of most vulnerable countries.
Impact on Exports
Pakistan's minimum export fell 3.3 percent in January and reached a high of 20.3 percent in April. Imports in Pakistan are less affected by COVID-19 as compared to exports. Imports were down 0.6 percent in January and up to 12.9 percent in April.
It is a glaring fact that most of the workers in Pakistan are associated with labour work. In light of the Economic Survey of Pakistan 2020, 64 million Pakistanis are associated with labour work. In Pakistan, most of the labourers are untrained and unskilled. They are overworked and underpaid. The COVID-19 proved a nasty blow to them. They can hardly manage to meet their end. All of this is giving space to the increasing crime rate. The lockdown is not going to help them.
According to the Economic Survey of Pakistan 2020, smart lockdown will result in the unemployment of 12 million workers.
The Economic Survey of Pakistan 2020, reports that smart lockdown will leave the 12 million labour unemployed. While on
the other hand, the complete lockdown will leave 18 million people unemployed. Undoubtedly, COVID-19 is posing an economic challenge to a large chunk of the population in the country.
The COVID-19 has had a negative impact on labour migration and overseas Pakistanis. Numerous Pakistanis migrate to foreign countries for better job opportunities. Overseas Pakistanis contribute to the economy in the form of remittances. The COVID-19 pandemic deteriorated the global transit system. Ultimately, it has heavily onslaughted the sluggish economy of the country.
The COVID-19 pandemic has widened the gulf between men and women's labour. Apparently, most women's labour is informal. They work from home by contributing to small industries. As COVID-19 comes, the transportation system of the country at halt. It is very hard for such women to continue working. In this way, COVID-19 is creating inequalities in the labour force.
COVID-19 badly affected the health care system of Pakistan. According to a report, 1.55 million cases were reported in Pakistan while 30,483 people died due to COVID 19. Similarly, 6.4 million people were killed across the globe. It was a hard time for Pakistan to tackle this pandemic with a flagging economy. According to the Economic Survey of Pakistan, one bed is available for 600 people, and one doctor is available for 1,000 people. There is a lack of resources in the healthcare system because Pakistan allocates a small part of its GDP to the healthcare system.
COVID-19 appears to have a greater impact on physically weak children than on healthy children. Many children died due to the pandemic'.
The importance of education in this age does not need to be explained. Every country tries to improve its educational standards. But this effort proved fruitless due to COVID-19. Pakistan's education system, which was already plagued by structural flaws and a learning crisis, is now afflicted by COVID 19. According to the report, school closures have affected 55.3 million children in Pakistan aged between 5 and 16, while 22.8 million children are already out of school. This is a very alarming situation.
The government introduced an online system for education to avert the effects of the epidemic on the education system, but it further aggravated the situation. The poor parents, who are living hand to mouth, were unable to buy a mobile phone or laptop for their children. On the other hand, those families who were economically well off hired tutors for their children. This situation further increases the rift between the poor and the rich.
In some underdeveloped areas, internet service is not available.
The country's officials need to take pragmatic and practical measures to revitalise the socio-economic fabric of the country.
First and foremost, the government should adopt better policies to address poverty.
Secondly, the policies should be implemented smoothly. The government should bridge the gap between policy and practice.
Lastly, government should allocate a sufficient part of its GDP to health care system.
It is an undeniable reality that COVID-19 has left its dark marks on every country across the globe. But developing countries have been hit hard for various reasons. The primary reason is the economic deprivation of the developing countries. In this atmosphere of uncertainty, all players should play their proactive and optimistic roles to tackle the issue of COVID-19.
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Data and research on health including biotechnology, cancer, health care, health spending, health insurance, fitness, dementia, disability, obesity, smoking, genetics and mortality., Containing and mitigating the spread and infection rate of the viru
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Exploring the impact of COVID-19 through excess mortality, its impact on vulnerable populations and progress towards global health goals.
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At the onset of the pandemic in China in November 2019, Pakistan has managed to attain growth in several economic performance metrics...
This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.
© 2022 Abid Taga