Degrading economy amid COVID-19: epidemic and ignorant public- Sustainable solutions to post Covid-19 Pakistan.

Byline: Raziuddin (Razi)

Not a dooms day scenario:

Every country, every person has been touched by novel coronavirus. Covid-19 has become a household name. The world has never before seen such a standstill, making the earth vibrate less. The fast track spreading of a viral infection in a very short period of time has taken toll East to West/North to South. Every country was hit by economic crisis due to a creature that is 30 million times smaller than me. Yet it has played havoc. No A-bomb no laser-bomb no precision cruise torpedo can kill this silent serial killer.

But like other times of natural calamities the life needs to go on. We need to come together to rejuvenate the economy with a strategy for a faster recovery after this 2020 grand economic meltdown. Get people to work places, so that livelihood becomes a norm rather more. Not one Einstein will be able to solve the pertaining issues because the problem is complex. People who have experience in 'crisis management' need to come forward to beat the beast. Post Covid-19 the CEOs, Chairpersons, Directors, owners, vendors and alike will be battling the powerful impact in the Board rooms and court rooms for months to come.

Once matters get settled in the board rooms and barrage breaking of court cases - then what is next; Exit to Exchanges to Expansion. Covid-19 has changed human behavior and mind sets. The consumer and organizational behavior, economies, supply demand, regulatory regimes and policy making have changed. But above all the social systems will never be the same. Social-distance coined recently perhaps will stay for long. The text book of economics, marketing, sales and law shall all need to be re-written. In fact, the now ex-MBA curricula is out of the window to give room for a new one. Employee motivation and concentration stands altered due to Covid-19, which would be the foremost and difficult challenges of the survived industry. Paradigm shift of the management tectonic plates has already happened. The after-shocks of Covid-19 will continue for decades to come. Risk managers will take a new look at the projects. Private sector will stash cash for a year or so before confidence building takes effect because of

the fear of return of the virus.

For some, the trillion package from the present government could be just a cylinder of oxygen upto the trauma center, truly the situation is'delay of carnage' in waiting. Some patch work is already taken effect, such as deferred...