GlobalVillageSpace
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Global Village Space |
While the world is still grappling with the Coronavirus, businesses everywhere are reeling from the devastating impact of the pandemic. The negative forecasts of the International Monetary Fund (IMF) and other financial institutions are a grim reminder that hard times will not be over any time soon even if the virus fades away.
The global recession triggered by the pandemic has had severe fallout on economies around the globe, but some developing nations have particularly been hit hard: large populations in these countries have been further pushed below the poverty line.
Read more: How Pakistani corporate sector survived the pandemic
Plight of landlocked Afghanistan amid the pandemic
Landlocked Afghanistan is amongst the worst affected countries. It may not have a high death rate, but the economic cost due to pandemic is unquestionably damaging. Mostly dependent on Pakistan for its export and import business, the war-ravaged country faced serious shortages of essential commodities and medicines following lockdown in Pakistan, and closure of its international borders.
Thousands of containers got amassed at Pakistani ports due to restrictions imposed by authorities on the transport sector. Without safety protocols in place, Pakistan did not want to risk the further spread of the virus by keeping its borders open. Resultantly, the borders terminals with Afghanistan were closed by mid-March.
Read full article...
How NLC has ensured Pak-Afghan trade continues amid Covid-19
While the world is still grappling with the Coronavirus, businesses everywhere are reeling from the devastating impact of the pandemic. The negative forecasts of the International Monetary Fund (IMF) and other financial institutions are a grim reminder that hard times will not be over any time soon even if the virus fades away.
The global recession triggered by the pandemic has had severe fallout on economies around the globe, but some developing nations have particularly been hit hard: large populations in these countries have been further pushed below the poverty line.
Read more: How Pakistani corporate sector survived the pandemic
Plight of landlocked Afghanistan amid the pandemic
Landlocked Afghanistan is amongst the worst affected countries. It may not have a high death rate, but the economic cost due to pandemic is unquestionably damaging. Mostly dependent on Pakistan for its export and import business, the war-ravaged country faced serious shortages of essential commodities and medicines following lockdown in Pakistan, and closure of its international borders.
Thousands of containers got amassed at Pakistani ports due to restrictions imposed by authorities on the transport sector. Without safety protocols in place, Pakistan did not want to risk the further spread of the virus by keeping its borders open. Resultantly, the borders terminals with Afghanistan were closed by mid-March.
Read full article...
How NLC has ensured Pak-Afghan trade continues amid Covid-19
