Covid-19 second wave: PM's aide advises exporters to brace for volatile global markets

Special Assistant to Prime Minister on Trade and Investment Abdul Razak Dawood on Tuesday advised exporters to vigilant and maintain the flow of operations in global markets as the second wave of the Covid-19 pandemic threatens to affect the global economic balance.

“Covid-19 is an unprecedented crisis in recent human history with far-reaching implications to the global economy. Recent figures by World Bank are showing that the pandemic has caused GDP contraction around the world, projecting that the major economies of the West, i.e. Japan, South Korea, etc. will post negative growth in GDP,” the SAPM said in a statement on Twitter.

Covid-19 is an unprecedented crisis in the recent human history with far-reaching implications to the global economy. Recent figures by World Bank are showing that the pandemic has caused GDP contraction around the world, projecting that the major economies of the West, ... 1/3

— Abdul Razak Dawood (@razak_dawood) October 27, 2020

The advisor said that as the world returning to lockdowns, amid the resurgence of Covid-19 cases, the demand for Pakistan’s exports may also be affected.

... Japan, South Korea etc. will post negative growth in GDP.

With the world returning to lockdowns, amid Covid-19 resurgence, the demand for our exports may also be affected. I appeal to the exporters to be vigilant and aggressive so that they may be able to ... 2/3

— Abdul Razak Dawood (@razak_dawood) October 27, 2020

“With the world returning to lockdowns, amid Covid-19 resurgence, the demand for our exports may also be affected. I appeal to the exporters to be vigilant and aggressive so that they may be able to sustain their presence in the global markets,” he added.