Internationally-acclaimed economist Prof. Steve Hanke appreciates PM Khan’s decision to ease lockdown. Here’s why

Prime Minister Imran Khan announced on Monday that no lockdown would be reimposed.

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Hanke
The Internationally acclaimed economist, Professor Steve Hanke, has appreciated the decision of Prime Minister Imran khan regarding the lifting of the lockdown.

In his tweet, the economist appreciated the Prime Minister, saying, “Imran Khan is reopening Pakistan. Rightfully so. An Extended Lockdown in the country would have kept 25M laborers jobless and hungry. Lifting the lockdown is the only way forward.”

Prime Minister Imran Khan announced on Monday that no lockdown would be reimposed.

“Unfortunately, the previous lockdown has greatly hit poor people. We no longer can afford that,” said the Prime Minister.

“Except for a few sectors, all other divisions will stay open,” the PM said, without specifying the industries that will remain closed. “We have to save our people from the coronavirus and hunger simultaneously.”

The development came days after the health experts warned of a spike in the number of COVID-19 cases across the country following the lifting of a two-month nationwide lockdown in late May.

“Coronavirus is going nowhere, at least this year. That means we have to live with it following safety guidelines,” Khan said.

The premier said that the tax collection in Pakistan has  reduced by 30 percent. Moreover, foreign and local investment have also declined due to the lockdown.

The PM also ordered the aviation authorities to bring back thousands of Pakistanis stranded in different countries due to the suspension of international flights.

Last week, the government lifted a prolonged ban on international flights to bring back stranded Pakistanis.

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