Covid-19 and Macroeconomic Dynamics: An Integration of Pakistan's Economy

Abstract

This research is an endeavor to understand the influence of the Corona pandemic on Pakistan’s economy. This research aims to scrutinize the influence of Covid-19 on trade and poverty levels. Here, the corona pandemic prevailed in Pakistan’s economy such as total corona cases, tests and deaths are also examined from February 2020 to June 2020. This research follows both qualitative and quantitative data methodology approaches. Estimates of this research show that covid-19 influences the financial situation of poor masses and because of covid-19 poverty rate doubles. From 27th February there’s a significant increase in total corona victims, total deaths, and corona tests performed. Trade statistics also confirmed a statistically significant effect of covid-19 on exports, imports, and balance of trade. Overall findings show that covid-19 significantly influences trade and poverty levels in the case of Pakistan.