This paper evaluates the short-term impact of the coronavirus outbreak on 21 leading stock market indices in major affected countries including Japan, Korea, Singapore, the USA, Germany, Italy, and the UK etc. The consequences of infectious disease are considerable and have been directly affecting stock markets worldwide. Using an event study method, our results indicate that the stock markets in major affected countries and areas fell quickly after the virus outbreak. Countries in Asia experienced more negative abnormal returns as compared to other countries. Further panel fixed effect regressions also support the adverse effect of COVID-19 confirmed cases on stock indices abnormal returns through an effective channel by adding up investors' pessimistic sentiment on future returns and fears of uncertainties.
Water scarceness is the most critical problem for numerous arid and semi-arid areas. It leads to the use of wastewater in many countries. This study was aimed to determine the farmer's awareness about reusing wastewater in their risk perception and adaptation to climate change in district Faisalabad, Pakistan. Faisalabad has become an industrial hub and industrial discharge is becoming problematic for local community and environment. Usually, farmers depend on wastewater for agriculture purposes in many aspects. The present study was divided into two phases, in the first phase a questionnairebased study was conducted in urban and peri-urban areas while in the second phase, wastewater quality parameters were determined (pH, SS, TDS, BOD, COD, arsenic, cadmium, chromium, copper, lead, nickel and zinc) and compared with Pakistan Environmental Quality Standards. Results indicated that farmers had a strong awareness (96.8%) about fertility value of wastewater for many aspects, but they were unaware (71.6%) about health hazard of untreated wastewater used for crop irrigation. In the current study correlation of Determining of Climate Change (DCC) with age and farming experience was highly significant with correlation values 0.48 and 0.40 respectively. Adaption Measures (AM) correlation values with age and farming experience were 0.49 and 0.75 respectively. Other variables livelihood Assets (LA) was also correlated with Determining of Climate Change (DCC) and Adaption Measures (AM) and all variables were found significant week to moderate correlation among all selected variables. Farmers (>70%) used different techniques to adapt to climate change like irrigation, seeds,
Flood is one of the most damaging natural disasters as the recent floods have shown their serious impact on Pakistan. Flood control and regulation policies are essential to reduce the risks of economic downturn, a threat to human existence, and to sustain the ecology. The severity of flood catastrophe activities represents a constant and severe issue in the world. Floods are rising year by year in severity and duration, causing negative impacts on the social and economic conditions of the nation concerned. While the frequency of floods cannot be avoided, their adverse impacts can be considerably reduced by adopting careful planning and efficient training. This paper reviews the socioeconomic impact of floods, and the existing condition of flood control policies outlines the flood protection problems and discusses opportunities for successful and efficient flood control in Pakistan. The paper also intends to propose several suggestions for efficient and sustainable flood control in Pakistan.
Groundwater depletion is an emerging problem worldwide due to changes in climate and an increase in urbanization. Two significant water-bearing formations, the Oligocene-aged Nari and the Miocene-aged Gaj, were utilized as a case study exposed near Karachi, Pakistan. Groundwater budgeting was performed through a classical equation. The inflow of groundwater in the formations was calculated by thermo-pluviometric data and water loss of Hub Dam. The potential of evapotranspiration (PET) was calculated by the Thornthwaite method. The groundwater inflow from Hub Dam was estimated by using 20 years of annual water loss data by removing PET. The total mean annual inflow of groundwater in the formations was 2414.12 US Gallons per Second (gps). The annual mean outflow was estimated by calculation of groundwater usage for industries and domestic purposes and the mean annual groundwater outflow was 5562.61 US gps and an annual deficit of groundwater was 3148.5 US gps. The research is composed of validating the groundwater budget. Direct Current Electrical Resistivity (DCER) and static water level data from existing industrial wells were used for groundwater maps. The DCER data indicates A-Type and K-Type sub-surface with high resistivity in the three-layer model. The average water table of residential areas in 2019 was 60 m and in industrial areas was 130 m. The oscillation of the groundwater table over the last 20 years and the deficit of the groundwater budget shows an alarming condition for the future. If the same scenario persists, then by 2025, the water table will decline up to 140 m.
Rapid urbanization, coupled with land use land cover changes (LULC), has caused stress on freshwater resources around the globe. As in the case of Islamabad, the capital of Pakistan, the population has increased significantly, creating a deficit of natural resources and affecting the environment adversely. Therefore, the purpose of this study is to examine the effects of urbanization and LULC on the decline of the static water table in Islamabad. It also seeks to analyze water policy issues in order to achieve sustainable water resource development. The excessive pumping of the existing groundwater has exceeded the safe limit, which is justified by the constantly growing population. However, the changes in the LULC of the study area have turned many green pastures into barren land. Our research data were obtained from the Capital Development Authority (CDA), Pakistan Meteorological Department (PMD), and Landsat Satellite images. After analyzing PMD and CDA data for the last 20 years (2000–2020), the results were interpreted using Arc GIS. It has been observed that the Normalized Difference Vegetation Index (NDVI) value increases as the Land Surface Temperature (LST) decreases. Therefore, the overall observation is a decreasing trend in Islamabad temperatures due to the increased vegetation in the study area during the period of 2000–2020. It was observed that there has been a considerable drop in water levels due to over-pumping in a few areas. It is primarily associated with the increasing population of the capital in the last 2 decades. This study uses a survey to explore the potential locations for check dams to enhance and recharge the groundwater aquifers in the capital, Islamabad. It suggests catchment areas throughout the Margalla Hills along with different localities, such as Rumli Village, Trail 5, and Shahdara.
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