In this article, we discuss about the outbreak of the corona virus and how the corona virus effects the
Global Economy. Further, we have discussed the economic development of Pakistan in the year 2019 to
2020. How did other countries stabilize their economy at the time of the pandemic? What were the policies
they have for their country and business? How small size and large businesses were affected during the
pandemic? What was the level of GDP? We have also discussed in this article the data analyzed through
descriptive statistics. Pakistan's economic system, just like the outer world, has been significantly affected
mostly by COVID-19 pandemic through a range of mechanisms, including several downturns in national
and international consumption, a reduction in tourists, transportation, trade and manufacturing
interconnections, and logistic shortages. From February 2020, the exponential growth of the COVID-19
virus drove the national economy to a standstill. The magnitude of monetary damages, on the contrary,
will be related to the magnitude and frequency of COVID-19. We have used exploratory techniques, which
will include a detailed examination of the relevant research, which would include government statements,
research articles, and evaluations in the sector. The findings demonstrate that a large number of the
collaborating enterprises have been severely influenced, and they are struggling with a range of problems
involving financial management, supply chain interruption, reduced prices, sales, and revenue. We have
also tried to understand how online businesses operated during COVID-19. Further, we have researched
how the education sector was affected by the COVID-19 pandemic? What were the strategic plans
implemented to stabilize the education system during an outbreak?