Since the start of the outbreak of coronavirus in the country there have been a number of problems that have arisen. One of which is that the economy has greatly been damaged because of the lasting effect Covid-19 has.
Such stagnation has resulted in the laying off of thousands of workers and service holders in the private sector. Even though factories and industries were opened for a short time the impending zone-wise lockdown is still an issue that both business owners and service holders and pondering over.
A recent report published in this daily showed that the country’s major export earners - the garment sector, has collapsed under the influence of coronavirus. Export orders worth more than US$ 3 billion have so far been canceled.
The part time or temporary job holders are the
most at risk thus meaning further problems
for the middle and lower income people
As a result, uncertainty has been created with the livelihood of about 4 million workers and an export income of about 35 billion. This means there is a massive loss that has been incurred by the economy and in future days there might be more such losses if something isn’t done about this.
Moreover, there have been massive down fall of the number of job listings that means that those that have been laid off are unable to get a source of income.
All sectors including the trading of garments, leather and leather products, apparel sector, cosmetics, printing industry, medical equipment, computers and parts and electronic products are toiling to face this pandemic and come out on top.
Also, the part time or temporary job holders are the most at risk thus meaning further problems for the middle and lower income people.
Although various incentives and bonuses have been allocated in the proposed budget for the coming fiscal, there is still to be seen what the government is going to do about the private sector regarding the downward trend it is facing at the moment.
