It may be noted that globally, more than 145,682 people have so far been diagnosed with coronavirus, with the death toll rising to 5,436. Addressing the session, SBP Deputy Governor Dr Murtaza Syed had said that Pakistan’s economic fundamentals “are strong enough to absorb coronavirus shocks“. “Pakistan’s economic fundamentals are strong and resilient enough to bear the shocks, unlike other countries which had been severely hit economically,” he had stated. He said the significant fall in petroleum prices in the international market would benefit Pakistan’s economy as it would help build foreign reserves, besides bringing down the current account deficit and inflation rate. “Pakistan’s supply chain with China will soon be restored as coronavirus cases are coming down there.”

Source: Pakistan Today March 14, 2020 16:18 UTC