Question
TheongoingpandemicofcoronavirusdiseaseabbreviatedasCOVID-19enteredinPakistanaround 26thFebruary, 2020. With the passage of time, the disease led many people to death beds and the lifebecameslower.Theeconomicactivitiesinthewholeworldwerealmoststoppedformonths. Countries, including Pakistan closedeverythingtoavoidpublicgatherings.Educationalinstitutes,business centers,Publictransportations,Parks,Gymsandothersocialgatheringplaceswereshutdownfor months.
TheongoingpandemicofcoronavirusdiseaseabbreviatedasCOVID-19enteredinPakistanaround 26thFebruary, 2020. With the passage of time, the disease led many people to death beds and the lifebecameslower.Theeconomicactivitiesinthewholeworldwerealmoststoppedformonths. Countries, including Pakistan closedeverythingtoavoidpublicgatherings.Educationalinstitutes,business centers,Publictransportations,Parks,Gymsandothersocialgatheringplaceswereshutdownfor months. In this lockdown scenario, businesses shifted to the E-commerce module. New race of selling throughinternet startedandbusinessmensomehowmanagedtheirexpectedlossesbyshiftingtothe newbusinessmodules.Educationalinstitutessufferedalot.TheytriedtocompletetheongoingsemesterusingdifferentapplicationsandLearningmanagementsystemsinorderto minimize the threat of semester loss for the students. The banking sector is backbone for a country. The current situation led the banking organizations to the slowerpace.After somedays the banking sector startedfunctioning adopting the SOPs providedbythegovt.of Pakistan.But the situation in banks is getting worst. The long ques,extendedservicetimeandotheroperationalissuesarearisinginthissector.Thelocal administration have also stopped a few banksto operate due to noncompliancewith the given SOPs. Keeping in view the operational functionsofthese banks, what stepswould you suggest to avoid the issues faced by banks due to current situation? Provide logical answers. Highlight the issue and answer themeasuresyouwouldtaketoaddresstheissue.Didyounoticedanychangeinbankingpolicyor banking trend due to COVID-19? If yes, Please elaborate that
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