Economics
Pakistan Reopens Factories During Virus Lockdown as Exports Drop
- Commerce adviser sees exports falling by as much as 50%
- Nation’s economic growth revised to 0.8% from 2.6%: survey
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Pakistan is reopening some factories amid a national lockdown to counter the deadly coronavirus pandemic as the south Asian nation expects its exports will decline by 50% in the next two months.
The companies with export orders will start working again with precautionary measures including calling in only essential employees and ensuring regular disinfection, Abdul Razak Dawood, the commerce adviser said in a phone call, late Thursday. Exporters such as Interloop Ltd., which supplies to Nike Inc. and Puma SE, have reopened their factories.