University of the punjab

Gujranwala campaus

Department of business administration

SEMESTER-8
Morning B
LOGIC
MISS. IQRA AFTAB

Assignment Topic:
"Impacts of COVID- 19 on economy (Pakistan)"
 GROUP MEMBERS
Zainab Khawaja BB17104
Nimra Nasir BB17114
Ruhma Zainab BB17125
Zahra Naeem BB17126
Marjan BB17147

Requirements
Read the abstract of the research article and did 3 things
1: create argument
2: citation through MS world or endnote
3: critique (positive and negative aspects) or limitations

Argument
Coronavirus disease 2019 (COVID-19) is a contagious disease caused by severe acute
respiratory syndrome coronavirus 2. The first case was identified in Wuhan, China, in
December 2019.The disease has since spread worldwide, leading to an ongoing pandemic. The
outbreak of coronavirus disease (COVID-19) has severely affected the global and Pakistani
economy. Due to the COVID-19 outbreak and lockdowns, Pakistani firms are facing
unprecedented adverse effects on their businesses.

Evidence
Major victims of the COVID-19 outbreak are micro, small, and medium-sized enterprises. These
enterprises have been severely affected and they are facing several issues such as financial,
supply chain disruption, decrease in demand, reduction in sales and profit, among others.
Besides, over 83% of enterprises were neither prepared nor have any plan to handle such a
situation. Hence, many MSMEs are running out of stock, some hardly continue to operate, and
some will be running out of stock soon.

Critique
Due to the COVID-19 outbreak and restrictions to shut down the business, the micro-enterprises
have been extremely affected. Based on the findings of the study, different policy
recommendations were proposed to ease the burden on MSMEs. These include protection of
employees and information accuracy, boosting economy, income and employment support for
MSMEs, planning, building resilience capability and positive social relations. The findings and
policy suggestions of research are relevant to policymakers that seek to assist MSMEs and to
owners and managers of MSMEs that seek guidance in managing their business during hard
times.