Impact of Corona Virus on Karachi Based Businesses

Impact of Corona Virus on Karachi Based Businesses

Published in: September 2020

KCCI in its persistent efforts to serve the business community of Karachi launched its second Survey titled: ‘Impact of Coronavirus on Karachi Based Businesses’ on 29th May’20 and concluded collection of response on 15th Aug’20. A total of 620 manufacturers, service providers and traders from diverse sectors filled the survey. The survey aimed to assess the impact of the Coronavirus on multiple dimensions of conducting business in Karachi. A large majority stated that the lockdown should have been limited only to hotspot areas. Respondents also identified a number of issues plaguing their business during the lockdown which includes: payment of fixed costs including salaries and rents, issues related to transportation, customer turnout and workforce management. Some went beyond the list provided in the survey to point out their own challenges, which included difficulties in recovering receipts, cancellation of export orders, and demurrage charges.