Economic Consequences of Coronavirus Pandemic and the Role of Vaccination

The BBC and other broadcasters have made the headlines that at a time when the rest of the world is being locked down, Israel is at the top of the list of countries where mobility is increasing and deaths due to COVID-19 are declining, and where people are running their business and travelling without wearing masks. Not a single casualty has been reported due to Coronavirus in the last many days.

How did this happen? Just because the number of per capita vaccinated people in Israel is the highest in the world. On the other hand, according to NCOC, there are just 7,11,400 people in Pakistan who got vaccinated so far, which is less than even one percent of the total population. With such a situation, running the businesses and keeping the economy open in such a densely populated country and even hoping to end the state of uncertainty in the economy would be nothing short of imaginary.

Read more