Coronavirus cases are surging in the educational institutes of the federal capital. Five fresh cases were reported in Nust and four in National Defence University while various departments were sealed because of Covid-10 spread and affected students were advised to be kept in isolation in the capital institutes. The admin sprang into action following the directives of health authorities while the students who remained in contact with their affected fellows were also advised to be undergone tests. The educational institutions are also directed to do disinfection drive and adopt other protective measures to stem the spread of the deadly virus.
According to the study, at the end of 2020, the epidemic had not (yet) developed into a financial crisis. The risks remain even if the industry seems to have kept liquidity in recent months while the crisis plays out. Both the public and private sectors must take measures to prevent those hazards. In order for financial institutions to be crucial to the economic recovery, governments and investors must support the solvency of these institutions and work to establish the necessary framework. Governments and development organizations will provide direct assistance with balance sheets and non-performing asset management as part of this. Development finance institutions play a crucial role in assisting with technological investment and de-risking financing to vital areas of the economy, especially in lower-income, unstable, and conflict-affected markets.
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