Minister says Pakistan’s economic recovery gets confirmed as COVID weakens

ISLAMABAD: Federal Minister for Planning, Development, Reforms and Special Initiatives, Asad Umar has said that Pakistan is now reaping economic dividends after controlling the COVID-19 outbreak in its early going.

On a social media post on Tuesday the minister said, “Dividend of controlling COVID early paying off on the economic side also, as V-shaped recovery gets confirmed.”

Dividend of controlling covid early paying off on the economic side also, as V shaped recovery gets confirmed. Large scale manufacturing numbers for july show more than 9% growth over june and more than 5% growth vs july 2019

— Asad Umar (@Asad_Umar) September 15, 2020

Large Scale Manufacturing (LSM) figures for July show more than 9 percent growth over June and more than 5pc growth as compared to July 2019, he added.

Pakistan’s economy is finally gathering steam with sales of fuel and cement rising, as the number of COVID-19 cases dwindles down.

The development comes on the back of growing sales and demand for cement, fuel, electronics, and automobiles.

According to the government, the graph of coronavirus cases in Pakistan is constantly coming down but the threat is not over yet. One 153 deaths were reported in June but the graph has been falling sharply. 

The coronavirus has claimed six more lives in Pakistan and brought the total number of deaths from the virus to 6,389.

According to the latest figures released by the National Command and Operations Center, 404 new cases of coronavirus have been reported in the country, bringing the total number to 302,424.

In Pakistan, 290,261 coronavirus victims have recovered and the number of active cases has come down to 5,774. In the last 24 hours, 27,277 tests have been done on the virus and a total of 2,995,890 tests have been done on coronavirus across the country.