While some of Pakistan's sectors are showing good recovery momentum, there has been an increase of domestic and global coronavirus cases, says Reza Baqir, governor at the State Bank of Pakistan.
While Pakistan's economy is currently on the mend, people are concerned about a potential rise in coronavirus infections in some of our key textile markets like the U.S. and Europe, as well as a second wave of domestic cases here that could affect confidence, says Reza Baqir, governor of the State Bank of Pakistan.
Pakistan's ambassador to the United Arab Emirates, Ghulam Dastgir, discusses the impact of the coronavirus pandemic on its migrant workers. He says around 50,000 people have been laid off and have returned to Pakistan, and remittances are likely to drop.
The coronavirus pandemic is first of all a public health crisis and until that is addressed, challenges on the economic front should be expected, says State Bank of Pakistan governor Reza Baqir.
Reza Baqir, governor of the State Bank of Pakistan, says some of the measures undertaken by the central bank have been focused on injecting liquidity into the market.