Advisor to Pakistani prime minister on finance and revenue Abdul Hafeez Shaikh recently stressed the need to evolve a national strategy with joint efforts of federal and provincial governments and other institutions to cover up the losses due to the COVID-19 outbreak. He vowed to take special measures to maintain the progress made in macro economic indicators.

The pandemic may result in negative growth for the country’s exports sector, Pakistani media reports quoted him as saying. The government wants to offer incentive packages to stablise the economy and small and medium enterprises, he said.

Assuring that the country's economy has not been badly hit by the pandemic, he said the government has informed the International Monetary Fund (IMF) about new measures being taken for traders and exporters who suffered losses due to the outbreak.

The government has also approached Asian Development Bank and the World Bank, which have agreed to provide support on easy terms and conditions, he added.

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