WB warns Pakistan’s exports will plunge if COVID-19 lasts longer than expected


Files ISLAMABAD: The World Bank has forecasted that if the coronavirus lasts longer than expected, Pakistan?s exports could plunge to negative growth of 19.7% in the current fiscal year (FY) 2019-20 as compared to the previous one. The negative impact of global lockdown due to coronavirus would persist longer and could go beyond FY-20, said the World Bank in its twice-a-year-regional update ?South Asia Economic Focus? adding that under the baseline scenario, the growth rate of exports of Pakistan is likely to contract by 5.3%