ISLAMABAD: (HRNW) Finance advisor Abdul Hafeez Shaikh attended on Wednesday, amongst other finance heads of developing countries, a video conference held by Managing Director International Monetary Fund.
Kristalina Georgieva, IMF MD for Middle East, North Africa, Afghanistan and Pakistan (MENAP) region, hosted a discussion through a video link to deliberate over economies of the countries after COVID-19 hit.
The MENAP countries’ finance heads discussed the situation of their respective economies in the aftermath of the global pandemic outbreak. They noted how the first wave of novel coronavirus pandemic affected world economies devastating businesses, slashing jobs and retarding the GDP growth.
Pakistan’s Abdul Hafeez Shaikh expanded on the steps the country took to overcome the harms posed by the pandemic and asserted that rejuvenating its economy and restoring employment rate is the country’s prime focus at the moment.