ISLAMABAD: Pakistan had announced COVID-19 economic stimulus packages valued at $5 billion however there was no aviation-specific benefits, where most jobs were at risk among the Central Asia Regional Economic Cooperation (CAREC) countries.
This has been stated in a report “the impact of Covid-19 on CAREC aviation and tourism” released by the Asian Development Bank (ADB).
According to the report, estimated airline traffic reduction for CAREC in 2020 is 40 million passengers, estimated airport traffic reduction for CAREC in 2020 is 46 million passengers, estimated passenger revenue impact for CAREC in 2020 is $7 billion, estimated travel and tourism jobs in CAREC that are at risk in 2020 (IATA methodology) is one million jobs,…