Review of business environment.

In Pakistan, the economic report shows that as economies reopen with expectations that the adverse impact of COVID-19 is bottoming out, there is an on-going debate over the shape of the economic recovery. No doubt presently, investors have fears about fall in economic growth and business profits because of a fall in demand in the country. Further, still, restriction on imports in various countries may dampen demand for Pakistan's exports. Capital flight is also predicted with prevailing uncertainty and vulnerabilities, thus putting pressure on the exchange rate.

The economic report also show that the economic outlook is not very clear also doesn't seem promising, however, the fiscal stimulus package of Rs 1.24 trillion along with measures taken through State Bank of Pakistan (SBP) for offering liquidity support to households and businesses will counteract the current economic downturn.

Statistics show that IMFs Rapid Financing Instrument (RFI) amounting to $1.386 billion to counter the economic impacts of this novel outbreak will also support government's efforts to mitigate the economic shock, the facility would be utilized to address declining international reserves and increase social sector spending. Additionally, concessionary lending by IFIs; the World Bank and Asian Development Bank will offer much needed support to the government during this crisis time and assist government of Pakistan to weather the Covid-19 challenge with minimum affects.

For increasing the business condition in Pakistan more recently SBP, under its Rozgar scheme for protecting businesses and employees working with them from the impact of Covid-19, has so far accepted Rs 238.2 billion for 2,958 businesses. Similarly, under its refinancing scheme for protecting businesses from the impact of Covid-19, SBP has so far deferred Rs 659.5 billion worth of principal repayment of loans up to one year. Statistics also show that the bank also allowed restructuring or rescheduling of approximately Rs207.5 billion.

The number of borrowers that would benefit from the rescheduling relief grew to 1.57 million with outstanding amount of Rs2.514 billion. Meanwhile, the bank under this refinancing scheme for hospitals to combat Covid-19 accepted financing of Rs 7.77 billion for 39 hospitals. Furthermore, during the period March 20 to November 20, SBP issued fresh currency notes to commercial banks worth Rs 1.136 trillion

Statistics also show that country received 10-month high...