Effects of COVID-19 Pandemic on the income of textile sector employees of Nishat Chunian

Abstract

COVID-19 is a novel infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The disease was first identified in 2019 in Wuhan, China, and has since spread globally, resulting in a pandemic. The industry which I select for this project is Nishat Chunian Ltd in which specifically the textile sector of the industry. The coronavirus unfolds as a Pandemic globally. The Pandemic affects every sector in Pakistan which is spread from some unconscious acts like low level of sanctions to across the country. When the pandemic unfolds in Pakistan and shows the alarming situation in the country, as can be seen from morbidity and mortality rate. There are signs of an active phase of the Pandemic and increase the number of cases in the country. In this situation the government imposed significant sanctions on the movement of citizens. When the Pandemic is at its initial stage it affects the transportation industry because of low levels of passenger traffic. Among these restrictive measures, the transfer of the majority of workers on paid leave is particularly noticeable. Then the environment is replaced with the lockdown when the number of cases is increased similar with the other countries like China, Italy, Spain who are already competing with this situation. The effect of Pandemic on labor income is significant in every sector especially in textile sector.