“Pakistan’s economic fundamentals, however, are strong and resilient enough to bear the shocks, unlike other countries which had been severely hit economically,” he said during an interactive session with businessmen on the impact of coronavirus on Pakistan’s economy at the Federation House. He said Pakistan’s supply chain with China would soon be fully restored as coronavirus cases there were coming down. “Pakistan’s 20 to 25pc imports were from China, which included industrial inputs, machinery, equipment and consumer goods. He said this year, because of coronavirus, global economic growth was expected to be less than 3pc of last year. Next week, he said, the MPC in its meeting would also take up the fall of POL prices and the policy rate for the next two months would be decided accordingly.

Source: Pakistan Today March 11, 2020 19:03 UTC