Impact of COVID 19 on Retail Banking

Abstract

In December 2019, COVID 19 is outbreak from Wuhan city of china. This speeded rapidly approximately 217 countries of all Europe, Africa, Australia, America and Asia including Pakistan. All the territories and region reported the total number of 53,749,202 confirmed cases (News Agency, 2020) and the total deaths of 1,309,432 and in Pakistan the number of reported cases is 354,461 and total deaths are 7,109. The first case of COVID 19 has been confirmed by the ministry of health, government of Pakistan on Feb 26, 2020 in Karachi. Same day the other case is registered in Islamabad. Within fifteen days the cases reach the 20 with uppermost numbers in the Sindh. There is continuous increment in positive cases of COVID, need a high level of action, plan and supervision. The Ministry of national health and services, regulation and coordination presents the plan of “ National Action Plan for Preparedness and response to corona virus disease (COVID-19) Pakistan” the purpose is to prepare the community in emergency to deal the situation by control the spreading’s timely, efficiently and effective response to corona virus. The government of Pakistan takes different steps against COVID 19 such as selected hospitals, testing facilities, quarantine centers, treatments and the answer of local community against COVID 19 outbreak.