Coronavirus has severely impacted the human lives and the economies the world over in a profound manner. The trauma of loss of human lives will be followed by loss of jobs, food shortages and depleted health facilities - just to name a few of them.
US politicians have voiced fury over Beijing's handling of the coronavirus crisis but they face a harsh truth - the United States desperately needs China's supplies.
Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.
In a country of about 210 million people, about 10,000 individuals, prominent in business or profession or holding key positions in state institutions, think they know each and everything and can fix the multiple and complex problems faced by Pakistan, ei
First of all it makes sense to realize that the COVID-19 just did not hit the world from out of the blue. In fact, according to a research article 'Coronavirus: a paradigm of new emerging zoonotic diseases' which was recently published in February 2020, i
"We don't have gloves, masks, anything," says one of the medical team at southeastern Romania's Ramnicu Sarat hospital, one of those designated to treat COVID-19 patients.
The world was fixated with Coronavirus, computing human and economic losses. For Mansoor Hassan Siddiqui summons from the Almighty came in a different form: a weird gas explosion at home. He was rushed to PIMS and the Doctors there did all they could but
The PTI government, compelled to borrow more at high interest rate, does not know that billions are lying unpaid with industrial undertakings/employers. Thus the issue is not that of funds but getting due taxes/levies from the wealthy and tax evaders and
The coronavirus pandemic took Brittany Brook's job on March 16, two days after it took her husband Matthew Whitfield's, leaving the New York couple scrambling as end-of-the-month bills come due.
Focusing exclusively on public health rather than trying to strike a balance between human and economic health, China seems to have succeeded by March 15, in preventing, to a large extent, Covid-19 spreading exponentially in the mainland since it first st
The reported claim by the SBP Governor and Dr Hafeez Sheikh that the main selling point for a high discount rate is its linkage to the rate payable by the National Savings Centres (NSCs) to domestic savers (widows and pensioners) is also challengeable. Tr
If the 2008 financial crisis is any guide, world markets - which have barely had time to recover from the dollar's 9% surge in mid-March - may be set for another damaging bout of strength in the greenback.
The Coronavirus has already spread to 199 countries. The worst hit countries have been the EU countries, the US, China and Iran. The consequences are that normal economic activity, both in the domestic economy of these countries and their external economi
The current COVID-19 illness gripping the world is caused by the coronavirus SARS-CoV-2, the second severe acute respiratory syndrome virus to emerge since 2002. As a result of its rapid spread, whole cities, regions, even countries are in lockdown, with
New York food banks have become inundated with newcomers deprived of income since the near-total halt of business in the United States' economic capital.
The Monetary Policy Committee (MPC) meeting chaired by Governor State Bank of Pakistan (SBP) Dr Reza Baqir held on 17 March 2020 decided to reduce the discount rate by 75 basis points drawing the ire of industrialists and economists alike who cited the ne
The mind hates uncertainty. The mind dislikes lack of clarity. Uncertainty and un- clarity create fear of the unknown. Fear creates anxiety and anxiety corrodes positivity, creativity and growth. The biological battle of fighting the virus is in full swin
Sovereign wealth funds from oil-producing countries mainly in the Middle East and Africa are on course to dump up to $225 billion in equities, a senior banker estimates, as plummeting oil prices and the coronavirus pandemic hit state finances.
The world seems to be changing permanently. COVID-19 is bigger than 9/11 or 2008 global financial crisis. World living population hasn't seen such a catastrophe. It is a health crisis and has long-lasting physiological and economic implications. Global fi
Since the beginning of March'20, Pakistan's economy witnessed three economic disturbances and one expected policy revision: a) net outflow of US$ 1.3 billion from treasury bills (dubbed as 'hot money') out of the total inflow of US$ 3.43 billion inflow of
From the first known patient in late January to now almost 100,000 infected, the United States has earned the unwanted distinction of leading the world in confirmed coronavirus cases.
International Monetary Fund (IMF) President Kristalina Georgieva warned this week that she expects a global recession this year due to the Coronavirus (Covid-19) outbreak. In a statement released by her office in Washington, the IMF chief said that since
Praying that by the time this article gets published, miraculously, the world has found a cure for the corona virus, and/or Pakistan has been able to control the epidemic.
