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September 16, 2020

COVID-19 hit earnings hard: survey

Business

September 16, 2020

KARACHI: A Standard Chartered survey has found that 35 percent of Pakistanis were earning less than they did before the pandemic stifled economic activities across the country.

The survey found that COVID-19 has already had a significant impact on incomes globally, with one-third earning less than they did in the pre-COVID environment. However, the survey also found that over three-quarters (83 percent) were confident they have the skills needed to thrive in an increasingly digital world.

The study of 12,000 adults across twelve markets – Hong Kong, Taiwan, Mainland China, Singapore, Indonesia, Malaysia, India, UAE, Kenya, Pakistan, the UK and the US – offers insights into their financial wellbeing and employment outlook in these challenging times, and how banks could play a role in helping them manage their money.