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Recommendation: My Own Point of View

The document discusses several topics: 1. Pakistan is using expansionary monetary policy including increasing the money supply and lowering interest rates to boost its economy during the COVID-19 pandemic. 2. Pakistan also has issues with overvaluing its currency which is causing current account deficits. When trading with China, Pakistan imports more than it exports. 3. The economic impact of the coronavirus pandemic could be worse than the Great Depression according to IMF forecasts of a 3% drop in global GDP in 2020. WTO and ILO also predict major declines in trade volumes and job losses. 4. Pakistan's government is implementing a 1.2 trillion relief program including cash transfers to help people and businesses during the

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Saqib Jawed
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61 views3 pages

Recommendation: My Own Point of View

The document discusses several topics: 1. Pakistan is using expansionary monetary policy including increasing the money supply and lowering interest rates to boost its economy during the COVID-19 pandemic. 2. Pakistan also has issues with overvaluing its currency which is causing current account deficits. When trading with China, Pakistan imports more than it exports. 3. The economic impact of the coronavirus pandemic could be worse than the Great Depression according to IMF forecasts of a 3% drop in global GDP in 2020. WTO and ILO also predict major declines in trade volumes and job losses. 4. Pakistan's government is implementing a 1.2 trillion relief program including cash transfers to help people and businesses during the

Uploaded by

Saqib Jawed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Uprising price level of medical equipment’s and pharmaceuticals?

Can government policies to be used improve the nation’s economic performance?

Although the unemployment is increasing but in USA soon as the pandemic hit in march 2020 more than
50,000 people got the job full and part time which were the newly graduate students of the universities
as in the stock market the shares for drug, antibiotics and different companies like (Searle,) they have a
up going trend of graph there shares are
increasing.source(https://www.drugtopics.com//pharviewmacy-job-demand-could-grow-because-covid-
19).

Pakistan state of bank of Pakistan is using the expansionary monetary policy to to increase the money
supply and lower the interest rate it is a great policy made by state bank of Pakistan. Pakistan has also
other many issues during this covid 19 era Pakistan has a great problem of overvaluing exchange rate
through the current account deficits for suppose china when trade with Pakistan for seven pieces of
cotton they got 1 laptop as a result their imports value tends to increase and their exports decrease.

The coronavirus has wreaked havoc all over the world. The economic impact could
be even worse than that of the Great Depression. The IMF expects the global GDP to
fall by 3% in 2020. The WTO has warned that the volume of world trade could shrink
by up to 32% while the ILO has indicated that 195 million jobs globally could be lost.

The government has already started a cash transfer of Rs12,000 per family to 12
million households. An overall relief programme of Rs1,200 billion has been
implemented by the federal government. The SBP has announced special subsidized
credit programmes for private businesses to sustain their operation and maintain
their workers over the next three months. These initiatives must be implemented
successfully and upscaled if necessary. We all pray for an early recovery.

Recommendation:
My own point of view:
In the world of today the disaster doesn’t looks like this

But it does looks like this

Not the missiles but microbes


This days that in some countries the paramedics that have controlled the spread are not ready
to go far and beyond in other nations due to less mobility as the plasma theory of blood but
never tried but in fact that is the case we can build a build a really good response system like
we have all the benefits of science and technology we got cellphones where we can get
information that we can get information from public and get out to other we have the satellites
we have an advances in biology that we can build the vaccines and help them easily spread in
the market the previous failure was it was not a global outreach in the world but today we have
all access to it.

1.We need strong health care systems

2. we need to create a best possible medical corps

3. we need to pair the medical corps to military so that they can go on helicopters and secure
the area

4. setup the advancement in research and development

http://TED.com with billgates

ECONOMIC point of view: T he motivation for further fiscal expansion is deeply

rooted in the macroeconomic literature on business cycles. Research indicates that


the impact of a fiscal expansion on the country’s economy tends to be amplified
during a contraction or recession, as opposed to when the economy is growing.
[vi] If Pakistan is in the mid of a recession, cash transfers and other fiscal
measures may have an outsized positive impact on the macroeconomic

https://www.tabadlab.com/publications/first-response/pakistans-second-covid-19-lockdown-fiscal-and-
monetary-policy-for-when-infections-spike/

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