Home » Market News » DirectorsTalk Highlights » Pakistan – Relaxation of lockdown will lead to significant rise in COVID-19 infections
Falanx Group Ltd

Pakistan – Relaxation of lockdown will lead to significant rise in COVID-19 infections

Pakistan

Predictions

  • Relaxation of lockdown will lead to significant rise in COVID-19 infections and will increase tensions between federal and provincial governments
  • Government will be reluctant to extend or reintroduce current restrictions, though localised lockdowns could be brought back in high-risk areas
  • Anti-government sentiment over lockdown measures, rising unemployment and falling incomes will grow in coming months, increasing risk of protests

Event

Lockdown measures introduced to control the spread of the coronavirus (COVID-19) were relaxed from 9 May, allowing many offices, factories and construction sites to resume operations while following social distancing guidelines, and allowing some shops and markets to reopen for five days a week. However, most flights and public transport are still suspended, and schools and large shopping centres remain closed until at least 31 May. Meanwhile, the government confirmed on 4 May that it has applied to defer USD 1.8 billion in debt repayments to G20 countries as a result of the severe economic impact of COVID-19.

Falanx Group Ltd (LON:FLX), through its subsidiaries, provides cyber defence and intelligence services to blue chip and government clients worldwide. It operates through Falanx Cyber Defence and Falanx Intelligence divisions.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.