UN warns Pakistan could be hardest-hit by pandemic
The UN Conference on Trade and Development (UNCTAD) has bracketed Pakistan among the countries which would be the hardest-hit by the coronavirus, demanding a raft of measures for their relief.
UNCTAD has said in a new report that the developing countries — which according to a UN body’s tally number 170 — would need a $2.5 trillion support package this year to face the economic crisis caused by the pandemic.
These economies will take “enormous hit” from high capital outflows, lost export earnings due to falling commodity prices and currency depreciation, with an overall impact likely worse than the 2008 crisis, the report said.
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