IMPACT AND SURVIVAL STRATEGIES FOR SMES DURING THE COVID-19 PANDEMIC IN INDONESIA AND PAKISTAN
The purpose of this study was to assess and contrast the effects of the COVID-19 epidemic on SMEs in Indonesia and Pakistan. We included 55 pieces of research based on the literature from 2019 to 2022 on the impact of COVID-19 on SMEs to examine the literature using the PRISMA framework. This research also intends to highlight the solutions used by both governments and help practitioners and policymakers find the best responses and mitigation measures for the effects of ongoing pandemics on SMEs. Further emphasis is made on the significant hazards external environmental unpredictability poses to SMEs. The negative impacts of pandemic circumstances and lockdown elements are the SME's main issues. It was mandated that these firms undergo a financial restructuring by combining more investments into the company in the form of holdings or, in the case of medium-sized enterprises, by issuing more financial shares.
SMEs, COVID-19, Pandemic, Business Strategies, Survival Strategy.