2021- Balancing Lives & Livelihood

Published in: March 2021

Like the rest of the World, the year 2020 brought about significant socio-economic challenges for Pakistan and the country found itself having to prioritize the well-being of its people over economic growth. As a result of the Global slowdown along with a complete lockdown in the country to prevent the spread of COVID-19, Pakistan’s economic health took a severe battering in the first two quarters of 2020. Although many businesses were unable to survive the lockdown, the post lockdown environment in Pakistan saw key economic indicators starting to revive with the government initiating several schemes and practices to stimulate the economy. However, areas such as high inflation, rising power utility rates, increasing fuel costs, etc. remained a major cause of concern at a time when the resilience of Pakistan’s 220Mn+ population was already stretched thin.