Pakistan has reported more than 213,000 coronavirus cases and more than 4,300 people have died.
Pakistan has reported more than 213,000 cases of infection and nearly 4,400 people have died.
As millions were struggling with starvation during that time of drastically reduced economic activity, the country's Covid-19 cases surged once the lockdown was eased,At the moment, the government is targeting coronavirus hotspots in the country and locking those areas down."For countries like Pakistan, the trade-off between lives and livelihood is a very real trade-off," he said.
On the monetary policy side, Baqir said the central bank injected so far about $7 billion, or 2.5% of GDP, in terms of liquidity support to households and businesses.by 100 basis points to 7% — State Bank of Pakistan has cut interest rates by 625 basis points since March when the coronavirus infection began spreading through the country. Baqir told CNBC the move was in tandem with the fall in inflation, from above 14% in January to around 8% currently.
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