coronavirus pandemic

20 potential COVID 19 hotspot cities of Pakistan

The COVID-19 pandemic in Pakistan is a section of the proceeding pandemic of coronavirus ailment 2019 (COVID-19) caused by using supreme acute respiratory syndrome coronavirus pandemic two (SARS-CoV-2). The virus used to be demonstrated to have reached Pakistan on 26 February 2020, when a scholar in Karachi examined fantastic upon returning from Iran. By 18 March, instances had been registered in all 4 provinces, the two self-sustaining territories, and the federal territory of Islamabad. There are few COVID 19 hotspot cities in Pakistan.

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As of 15 June 2020, there have been about 144,500 established instances with 53,700 recoveries and 2,730 deaths in the country. Punjab has recorded the most instances at over 54,100, and has additionally suggested the most deaths in the country, a whole of 1,031. The Government was once put underneath a nation-wide lockdown till 9 May, which was once initiated on 1 April and later prolonged twice. Upon its end, the lockdown used to be eased in phases.

On 12 January 2020, the World Health Organization (WHO) demonstrated that a novel coronavirus pandemic was once the reason for a respiratory sickness in a cluster of humans in Wuhan City, Hubei Province, China, which was once said to the WHO on 31 December 2019.

February 2020

On 26 February, Pakistan confirmed its first two cases of the coronavirus. Within every week of the primary two cases, Pakistan confirmed three more cases, including a case in Pakistan’s capital, Islamabad and also in Rawalpindi, Punjab

March 2020

The fifth case was also report, on 2 March, from the federal area of the country.

On 8 March, Pakistan confirmed its seventh case of COVID-19, also in Karachi. On 11 March, 76 suspected cases were reporting in several districts of Punjab province, including Lahore, Gujranwala, Sargodha, Hafiz Abad, and Lodhran.

By 14 March, the amount of cases was 31 as two new patients found positive in Karachi while one reported in Islamabad. By 18 March, the primary case of coronavirus pandemic reported from Azad Kashmir.

On 20 March, the primary death reported in Sindh. On 22 March, the third death in Khyber Pakhtunkhwa announced. The primary death in Gilgit-Baltistan and Baluchistan also announced thereon day, meaning that the amount of deaths increased to six.

On 23 March, many doctors across the state complained about the shortage of proper equipment for battling the virus. On 24 March, Sindh and Baluchistan observed lockdown until 7 April, while Azad Kashmir went thereunder until 13 April respectively. Punjab also imposed a lockdown on 24 March, but only until 6 April. In Sindh, the local police detained 472 people in various districts of the province an equivalent day in violation of the lockdown. Therefore, 222 of them in Karachi alone and a complete of 72 FIRs registered on 24 March.

The cases pertained to hoarding and profiteering of safety masks and hand sanitizers, large gatherings, opening shops and restaurants, and traveling in passenger buses. As a result, on 25 March, several restrictions imposed within the capital territory of Islamabad.

On 31 March, 82 total recoveries announced, also because of the 26th death within the country. 174 new cases tested positive, meaning that the entire number of positive cases had increased to 2,039

April 2020

On 1 April, 252 new cases confirmed, bringing the entire number of cases to 2291, while the entire number of recoveries within the country surpassed 100. The number of confirmed cases crossed 3,000 round the nation on 5 April. The federal selected 14 April to increase the continued lockdown for 2 more weeks until 30 April. On 15 April, the national death tally surpassed 100 and therefore the number of cases crossed 6000. On 16 April, the report came that 58% of the cases had been locally transmitted in Pakistan.

May 2020

By 7 May, COVID-19 had infected quite 500 Pakistani healthcare workers. Therefore on 9 May, the lockdown led to Pakistan. On 18 May, 16 new fatalities recorded in Khyber Pakhtunkhwa, bringing the price to 334 within the province. On 29 May, it announced that 900 children under the age of 10 had tested positive in Sindh.

June 2020:

In early June, after testing began to select up once more, case numbers rose very rapidly, after levels of latest cases in 24 hours broke 3,000 on May 31, Jefferson Davis’ Birthday the primary day during which quite 4,000 people tested positive for COVID-19. The ratio of positive cases to tests also increased, hovering around 20 – 25% within the first few days of June.

Parts of Islamabad and Peshawar sealed with major areas of Lahore set to travel under lockdown from midnight tonight.

Moreover, areas identified in Swat include Bahrain, Matta, Babuzai, Kabul, Barikot, Khariri and Gwalerai.

Other tehsils identified by the Khyber Pakhtunkhwa Health Department include UC Qambar, Saeedoshareef, Breekot Gharbi, Quetta Sharki, Kozabandi, and Madin.

More than 489 people infected in these areas, the provincial health department said.

In Peshawar, the four areas identified as coronavirus pandemic hotspots sealed with both outgoing and incoming ways sealed. Lockdown imposed in Ahsrafia Colony, Channa Road, Danishabad, and Hayatabad in Phase 1/Sector E-1.

Police deployed within the areas with markets apart from grocery stores and medical stores.

Similarly, in Sindh’s Ghotki, four areas sealed and section 188 imposed after it identified together of the areas.

“A total of 20 cities across Pakistan identified as having likely increase in ratio/speed of infection which needs restrictive measures for containment,” a handout by the NCOC had said on Monday.

Pakistan has reported over 148,000 cases and quite 2,800 deaths thus far from the novel coronavirus.

Punjab Govt imposes complete lockdown in some areas of Lahore

Addressing a press conference on Monday. Provincial Health Minister Yasmin Rashid announce that a complete lockdown will be imposed in some areas of Lahore. As a result of rising coronavirus pandemic cases reported in the provincial capital.

“Many areas of Lahore are going to be pack up 12am onwards from tomorrow (Tuesday),” said the minister. However, She added that the areas which will experience an entire lockdown include Shahdra, Shad Bagh, Mazang, Harbanspura, Old Lahore, Nishtar Ground, and Cantt.

Meanwhile, some areas in Gulberg will close completely and a few societies in Lahore’s Iqbal Town also.

“Food stores and pharmacies will remain open in these areas,” clarified the minister, adding that the areas will undergo an entire lockdown for a minimum of fortnight. Further she added that these areas will reopen after the situation comes under control.

In Punjab, Lahore is the worst affected city with reporting over 27,000 cases.

Five towns identified in Karachi as ‘COVID 19 hotspot’

Separately, in a letter to Deputy Commissioner Karachi West, District Health Officer (DHO) Dr Shafique Ahmad identified 16 union councils in Karachi’s West where smart lockdown should imposed.

  • Towns include Gadao, Baldia, Kemari, SITE and Orangi.
  • Areas identified include, UC-5 Songal which incorporates Gulshan Maymar, Khuda ki Basti. UC-6 Maymarabad which includes Surjani sector – L1,5C,5D,4B,4C,7A.
  • In Kemari, UC-1 Bhutta Village which includes Saeedabad Masjid Road and Umer Khan Road, UC-2 Sultanabad which includes the Habib Public School street and UC-3 Kemari which includes Docks and Majeed Colony.
  • In Baldi, UC-3 Islama Nagar which incorporates Naval Colony, UC-4 Naiabadi which incorporates sectors 4C and 8B, UC-5 Saeedabad which incorporates Area 5G, 5J and A3.UC-6 Muslim Mujahid which incorporates Afridi Colony and UC-7 which incorporates Mujahir Camp and Kokan Colony.
  • In SITE, UC-4 Metroville’s entire area got identified as a hotspot while UC-6 Frontier Colony’s sectors 4 and 5 got included. UC-7 Banaras, Islamia and Subhani Muhalla have been identified.
  • In Orangi, UC-6 Ghaziabad’s Christian Colony, UC-11 Data Nagar’s area 7A/B sector 8 and UC-12 Mujahid Colony’s Millatabad, Gulfamaad Aligarh Colony identified as coronavirus hotspots.

The following 20 cities identified by the NCOC for the enforcement of “necessary restrictive measures”

  • Karachi
  • Lahore
  • Quetta
  • Peshawar
  • Rawalpindi
  • Islamabad
  • Faisalabad
  • Multan
  • Gujranawala
  • Swat
  • Hyderabad
  • Sukkur
  • Sialkot
  • Gujarat
  • Ghotki
  • Larkana
  • Khairpur
  • Dera Ghazi Khan
  • Malakand
  • Mardan

The NCOC’s strategy of TTQ formulated to stay the spread of the novel coronavirus in restraint as different sectors of the economy allowed to reopen.

Punjab govt to impose lockdown in certain areas of Lahore

Punjab’s Health Minister Dr Yasmin Rashid, meanwhile, on Monday announce that the provincial government are going to impose a two-week lockdown in certain areas of Lahore from midnight tomorrow.

These areas are located in:

  • Shahdra
  • Nistar Ground
  • Allama Iqbal Town
  • Lahore Cantt
  • Walled City
  • Mozang
  • Shad Bagh
  • Harbanspura
  • Gulberg

Last week, the planet Health Organisation (WHO) expressed concern over the hasty lifting of restrictions during a letter written to the Punjab health minister, stating that Pakistan didn’t meet any of the prerequisites for opening of the lockdown.

It also alerted Pakistan to its high positivity rate, underlining seriousness of the COVID-19 situation and poor efforts of the govt during this regard.

As a technique to assist contain the huge transmission of coronavirus pandemic, the WHO recommended the provinces to impose a two-week lockdown. “WHO strongly recommends the 2 weeks off and a fortnight on strategy because it offers the littlest curve,” the letter said.

Global Oil Crisis due to Corona Virus

Global Oil Crisis due to Corona Virus discussed in detail

Daniel Yergin, expert of the global energy and the vice chairman of research firm “IHS Markit” while talking about the outbreak of the coronavirus pandemic, says, “No one imagined a crisis of this scope.” Like so many other industries, coronavirus has also impacted the oil industry remarkably. The oil market is facing such a historic oil crisis due to the current situation. Petroleum Industry that is providing more than 50% of the world’s energy is in crisis.  Oil is the global product, and its decreasing price is causing a significant recession in all the countries, especially those whose economy only based on the oil business. During the immediate lockdown, the areas where the access to the markets is not possible, the oil barrel price already fell below zero. Global issue and the oil crisis.

Corona Virus and January 2020 oil crisis

The crisis due to the coronavirus started at the start of January 2020 in China. China considered the most significant developing market for the world’s oil suddenly shut down due to the coronavirus. Due to this lockdown situation, the oil demand steeply declined by about 6 million barrels/day at the start of this year. According to the IHS market’s calculation, the storage space for the oil is full that resulted in the fall of oil prices and shutting down of the oil wells by the oil-producing countries. After spreading such devastation throughout the world, even the coronavirus outburst is not ending but moving into the next and more harmful phase.

oil_crisis_and_global_issue_

Corona Virus outbreak creates the threats of poverty and the and instabilities of the political structures of the countries from Iraq to Venezuela (Countries that are dependent on oil sales). And these countries are fighting with the dual crisis at a time, and the least remedy they thought could help is changing the policies of the country. These policies don’t seem useful to beat the present-day crisis. The countries like United States, Russia, and Saudi Arabia can produce oil at low cost due to the ease of oil exploration from their oil field.

Oil-producing countries

These countries are the largest oil-producing countries in the world but still are facing financial imbalance as the oil demand across the globe had a steep drop.  In other countries, oil is present at deep depth, and the oil is produced at a high rate. Therefore, they can’t afford to drill oil without any earning. And many companies deciding to shut their wells. The oil crisis is real.

This week the oil price in the USA historically falls below zero. This fall can be marked on the calendars as there was never such a decline in the oil sector observed ever in the world. It is supposed the oil producers must pay now to export their oil to different countries. This situation will force the USA to negotiate with other large oil-producing countries. Like Russia and Saudi Arabia to limit its oil production during these days. Jason Bordoff, professor of Columbia University and director of the Center on Global Energy Policy. He says that the energy of any country is not independent or dominant. Global issue and the oil crisis.

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Still, it is in link with the other countries. He added that the effect of the global market on the United States has exposed. Therefore, when there is an increase in the oil prices the United States feels pain, and when oil prices crash. Then the US needs to contact Moscow and Riyadh about this matter (As stated in the New York Times).

Corona Virus impact on economy

Corona Virus generated terror and doubt globally, targeting the world’s economy and stabilize the financial structure. Just after one and a half months of the first case of the coronavirus w reported by the WHO. The oil sector started facing the detrimental impacts of this pandemic attack. Saudi Arabia sells oil, that causes 20% drop in the price of oil on a global level in a day.

oil_crisi_and_saudia_

Different companies have taken the steps and limited their activities during this time for their survival. OMV that is an Australian Petroleum company, states that Europe is not affecting by the rise in oil prices. Except for the cost of the kerosene on which their travelling and industries are dependent. To solve this issue and cope with their kerosene demand, they prohibited air travel to reduce their kerosene use. According to the report of the International Energy Agency, the prediction tells us that oil demand is going to decrease. It will decrease by about 90,000 barrels/day. Therefore, it counted as the most significant drop of decades. Global issue and the oil crisis.

Norwegian Petroleum Company

Equinor, the Norwegian Petroleum Company, reported the coronavirus in one of the workers on the offshore of North Sea. The spokesperson of the company had announced that their employer had sent to heir home. Therefore, is no new case has reported in the crew working on the rig. Equinor also told its downstream workers to work from home and restricted their travelling. Not only one company but all the other companies also limited travelling. Shell was the first company that announced this travel restriction, whereas Chevron Petroleum Company of the United States was first to assign work from home to their downstream staff.

These types of activities may control the death rate but cannot help in avoiding economic loss. But every oil company is trying to survive this dark period as much as possible by different preventive policies. Global issue and the oil crisis.

Impact of coronavirus on economy

Major Impact of Coronavirus on Economy

Coronaviruses are a gathering of related infections that cause maladies in well-evolved creatures and winged animals. In people, coronaviruses cause respiratory tract contaminations that can go from mellow to deadly. Mellow diseases incorporate a few instances of the basic cold. There are yet to be immunizations or antiviral medications to forestall or treat human coronavirus diseases.

Impact of coronavirus on economy:

The catchphrase of the coronavirus emergency has immersed almost the whole world. It conveys extreme ramifications for nations’ populaces and economies are a vulnerability. The IMF as of late distributed the World Vulnerability Record for 143 nations from 1996 onwards. The deadly coronavirus brings with it the third and greatest economic shock of the 21st century after 9/11 and the financial crisis of 2008.

The first signs of the epidemic’s effects on China’s economy are far worse than the initial predictions. The official data reveals a widespread slowdown in its economic activity. It signifies the virus caused a 20% GDP decline in the first two months of 2020. Earlier in March, the US stock market took only 15 days to plunge into bear territory. Which is a 20% drop from its peak, the US GDP by an annual rate of 6% in the first, and between 24% and 30% in the second quarter. The coronavirus (COVID-19) outbreak has already brought considerable human suffering and major economic disruption.

Adverse Consequences of epidemic coronavirus on Global Economy:

There are various factors which are greatly affected by Coronavirus:

1 – Obstacles in Global Supply Chain and Economic Development

The adverse consequences of these developments for other countries are significant, including the direct disruption to global supply chains, weaker final demand for imported goods and services, and the wider regional declines in international tourism and business travel. Risk aversion has increased in financial markets. The global economy has become substantially more interconnected, and China plays a far greater role in global output, trade, tourism and commodity markets

2 – Becoming Developing Countries More Depending

The emergency is relied upon to hit laborers in low-and center pay nations especially hard, where the portion of those working in casual parts, and who accordingly have restricted access to satisfactory wellbeing and social security, is higher.

3 – Unexpectedly , Fastly Increase in Unemployment Level

Underemployment is also expected to increase on a large scale, as the economic consequences of the virus outbreak translate into reductions in working hours and wages Self-employment in developing countries, which often serves to cushion the impact of changes, may not do so this time because of restrictions on the movement of people (eg service providers) and goods, the financial consequences are likely to resemble those of a moderate recession (higher unemployment, lower earnings).

4 – Developing Countries to Suffer the Most

The crisis is expected to hit workers in low- and middle-income countries particularly hard, where the share of those working in informal sectors, and who therefore have limited access to adequate health and social protection, is higher. To make matters worse, the expected massive job losses among migrant workers will likely have knock-on effects on economies that heavily depend on remittances. Furthermore, the containment measures in advanced economies have already started impacting less developed countries through lower trade and investment.

Globally Economic Impact of Coronovirus:

  • ­The economic impact of the coronavirus pandemic that has wreaked havoc all over the world could be even worse than that of the Great Depression. In the first two months of 2020, the global economy slowed down by 20 percent.
  • The IMF expects the global GDP to fall by 3% in 2020 while the World Trade Organization has warned that the volume of international trade could shrink by up to 32%.
  • The International Labour Organisation, on the other hand, has indicated that 195 million jobs could be lost worldwide.
  • By March, analyses of Chinese services and manufacturing sector slumped to record lows, its automobile sales sank a record 80%, and China’s exports shrank by some 17% in January and February combined, as new orders plummeted to their lowest levels since the global financial crises.
  • Likewise, earlier in March, the US stock market took only 15 days to plunge into bear territory, which is a 20% drop from its peak. Markets have now come down 35% with credit markets clogged and credit spreads spiked to 2008 levels. 
  • Japan and Europe particularly, given their high dependence on trade and feeble fourth-quarter performance, are likely already in recession. The Organization of Economic Cooperation and Development (OECD) projected that the pandemic outbreak would depress the global GDP growth from 2.9% to 2.4% for 2020.
  • Pakistan will inevitably impact by both the global and domestic developments arising from the spread of the virus. The economy was recovering earlier slowly under the umbrella of an IMF program. Now, the process of growth will hamper seriously leading to a massive rise in unemployment, poverty, and hunger.

How to Fight the Economic Fallout From the Coronavirus:

The response to the immediate crisis will rightly take priority now. Economic authorities must also play their part in ensuring the world finally takes decisive steps to prevent it in future.

coronavirus impact in usa

 Conclusion:

The shock to the global economy from coronavirus has been faster and more severe than the 2008 global financial crisis. It is even bigger than the Great Depression. In those two previous episodes, stock markets collapsed by 50% or more. Credit markets froze up, massive bankruptcies followed, unemployment rates soared above 10%, and GDP contracted at an annualized rate of 10% or more. But all of this took around three years to play out. In the current crisis, similarly dire macroeconomic and financial outcomes have materialized in three weeks.

In other words, every component of aggregate demand – consumption, capital spending, exports is in unprecedented free fall. The contraction looks to be neither V- nor U- nor L-shaped (a sharp downturn followed by stagnation).

Unless the pandemic stops, economies and markets around the world will continue their free fall. But even if the pandemic is more or less contained, overall growth might not return by the end of 2020. Moreover, the fiscal response could hit a wall if the monetization of massive deficits starts to produce high inflation. Especially if a series of virus-related negative supply shocks reduce potential growth. And many countries simply cannot undertake such borrowing in their own currency.

In any case, even if the pandemic and the economic fallout come under control, the global economy could still be subject to a number of “white swan” tail risks.