ISLAMABAD (APP) – South Asian affiliation of regional countries (SAARC) Chamber of trade and enterprise (SCCI) President-designate Iftikhar Ali Malik has proposed putting in a unique corona virus (COVID-19) emergency fund with India, Pakistan, Sri Lanka and Bangladesh with preliminary amount of us $5 million each to address the pandemic.

In a assertion issued right here Monday Iftikhar Malik stated while Maldives, Nepal, Bhutan and Afghanistan need to make a contribution $2 million on this proposed coronavirus fund and this is important for South Asian countries to cognizance on collaboration, now not confusion, and practise, not panic.

He said this will be based totally on voluntary contributions from absolutely everyone.

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“looking ahead, we are able to create a not unusual research platform, to coordinate studies on controlling epidemic diseases within our South Asian location,” he stated adding “we percentage commonplace regional worries on COVID-19”.

He said it turned into time now that South Asian nations come ahead with dedication and determination setting an example to the sector, and make a contribution to a more fit planet setting all forms of skirmish on the backburner as corona virus is a common threat for human beings.

Malik stated the good issue became that governments in South Asian countries had been implementing measures to forestall the virus from spreading any in addition, but they faced many difficulties in containing the pandemic.

“not like Western international locations which have a right quarantine mechanism in location at airports and other places — and medical facilities available to patients, the South Asian nations lack preparedness to address the situation. “a probable unfold of the coronavirus in these nations ought to show to be catastrophic,” he added.

Iftikhar Ali Malik stated coronavirus has end up the real chance for both people and economy and a few international locations and territories that had seen achievement in controlling the virus or slowing its arrival, which includes South Korea, Hong Kong and Taiwan, have visible new spikes, amid fears humans returning from abroad are uploading the virus.

He was hoping that the authorities might make all efforts to combat and would actively coordinate for necessary emergency investment from both the neighborhood and worldwide sources to push back any poor impacts of coronavirus on livelihoods, jobs, especially the industry.

Appreciating prime Minister Imran Khan for taking exigent measures in opposition to coronavirus in Pakistan, Iftikhar Malik said the best thing was that the authorities become making all-out efforts to address the deadly virus. He also entreated all segments of the society to return forward and play their role in containing the spread of novel coronavirus.

He said like different countries inside the world, Pakistan’s preliminary financial losses in distinctive sectors of the us of a’s financial system were envisioned at Rs1.3 trillion.

those losses have been going to be incurred resulting from drop inside the GDP increase due to discount in services area, along with airline commercial enterprise and others, FBR’s revenue loss, huge decline in imports, exports, discount in remittances, disruption in food resources and different fronts.