Turkish Journal of Physiotherapy and Rehabilitation; 32(3) ISSN 2651-4451 | e-ISSN 2651-446X www.turkjphysiotherrehabil.org 8635 PAKISTAN’S ECONOMY: A SIGN OF A BLOSSOMING RECOVERY Ghulam Rasool Lakhan 1 , Muhammad Shafique Kalwar 2 , Amanullah Channa 3 , Nazia Barkat 4 Bahadur Ali Soomro 5 1 HoD Department of Economics, Federal Urdu University of Arts, Science & Technology, Abdul Haq Campus, Karachi, Pakistan, 2 M.Phil Scholar, Department of Public Administration, Shah Abdul Latif University, Khairpur, Pakistan, 3* Assistant Professor Department of Economics, Federal Urdu University of Arts, Science & Technology, Abdul Haq Campus, Karachi, Pakistan, 4 Lecturer, Department of Commerce, University of Loralai, Balochistan, Pakistan, 5 Assistant Professor Department of Economics, Federal Urdu University of Arts, Science & Technology, Abdul Haq Campus, Karachi, Pakistan. 1 glakhan1962@gmail.com, 2 economistshafiq@gmail.com, 3 dr.amanullah@fuuast.edu.pk 4 nazia.barkat@uoli.edu.pk, 5 bahadur.ali@scholars.usindh.edu.pk ABSTRACT Pakistan’s economy has seriously affected by COVID-19, which devastated the economic activities and the individuals’ daily lives. This paper discusses some important economic indicators, i.e., GDP growth, inflation, GDP per capita income, entrepreneurship activities and the impacts of the COVID-19 on the economy of Pakistan. Besides, the study highlights the prediction of the upcoming year, taking into consideration of such indicators. This study is a desk review where secondary data is derived from reliable sources. The findings of the study highlight that Pakistan’s economy has been collapsed with different issues. Among these issues, the arrival of the COVID-19 has appeared as a dangerous situation for the economy. It has been devastated all segments of business and individuals’ lives and also entrepreneurship. However, the different predictions regarding Pakistan’s economy claim a massive increase in GDP, per capita income, entrepreneurship activities and inflation decline. In other words, Pakistan’s economy is proving to be a sign of a blossoming recovery in the future. The study's findings would provide some summarized outcomes for policymakers, government agents, and ordinary individuals towards the economy's growth. Keywords: Pakistan’s economy, blossoming recovery, inflation, GDP growth, COVID-19, Per-capita income I. INTRODUCTION Pakistan's economy had unpredictable growth pattern over the years. It faces continuous challenges of boom and bust cycles in attaining inclusive and long-term growth. Recently, COVID-19 has enormously affected the economy with all the angels al almost all the sectors of the economy severely collapsed (Sareen, 2020). It is noted that COVID-19 adversely influenced Pakistan’s economic growth for FY2020. Export and Pakistan’s domestic production are hugely suffered due to less supply of intermediate goods, which declined the global demand and commodity prices as well. Despite innumerable challenges, the economy of Pakistan is expected to grow with a higher inclusive and sustainable growth path. During FY2021, significant achievements highlight that the economy is growing with stability and reduces its macroeconomic imbalances. Pakistan did much better in combating the pandemic compared to many countries. Pakistan’s economy has unscrambled at such a mysterious speed that even seasoned institutions and individual s cannot estimate how the pandemic would impact growth. According to the Asian Development Bank (ADB, 2020), Pakistan’s economy would lose around US$ 16 and 61US$ 61in the best and worst -case scenario. However, Rana (2020) claims the US$ 5 billion GDP would contract by 1.57% due to COVID-19. In consequence, Pakistan’s economy has not been swiftly grown. However, the current developments and future prediction ensure that Pakistan would grow very fast in a coming couple of years. Therefore, the present study reviews the fluctuations of past principle indicators, i.e., GDP and GDP per capita income, entrepreneurship activities and inflation. Besides, it sheds lights on the devastating effects of the COVID-19 on Pakistan’s economy. The outcomes of the study would