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Israel’s economy could shrink even more than anticipated, according to the Institute for National Security Studies at Tel Aviv University. Even in less severe scenarios, researchers project a drop in Israel’s gross domestic product (GDP) per capita. The decline comes as Israel’s population grows faster than its economy, leading to lower living standards. Before the …
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IT Minister Aminul Haq recently announced that the adoption of 5G technology is crucial for Pakistan to keep up with the global tech competition. 5G, the latest iteration of cellular technology, is designed to increase the speed and responsiveness of wireless networks. Telecom giants are working towards the commercial deployment of the latest networks. According …
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Pakistan’s weekly inflation, measured by the Sensitive Price Indicator (SPI), has jumped to 41.54% on a year-on-year basis for the week ended on Feb 23. This is the first time inflation has crossed the 40% mark in over five months. The previous week saw an increase of 2.89% to reach 38.42%. The increase was mainly …
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Pakistan has reported new outbreaks of the H5N1 bird flu virus after almost a year of being bird flu-free. The virus was found in small flocks of chickens and peacocks in Rawalpindi, near Islamabad, according to officials. A flock of 40 chickens in the area had been infected with the virus, resulting in the death …
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Pakistani politics is going through a complicated phase and political parties are discussing economic and political matters in depth. Today, the leader of the Pakistan Muslim League Quaid (PML-Q), Chaudhry Shuja’at Hussain met the Chairman of the Pakistan Peoples Party (PPP), Asif Ali Zardari to discuss matters regarding the economy, politics, and the next step …
The business crisis in Karachi is one of the most pressing issues of our time. The local shopkeepers and other small businesses are facing unprecedented challenges due to the increasing taxes, electricity bills, gas shortages, and the closure of many industries. Pakistan Economic crisis impact and tsunami of inflation This has led to a decrease …
One of the largest textile companies in Pakistan, Nishat Chunian has announced that it will partially close down operations in the company. Nishat Chunian Limited discussed in the Pakistan Stock exchange filing that, ‘the company has an installed capacity of 219,528 spindles and 2,880 rotors in its spinning division. Company has decided to temporarily close 51,360 …
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The world’s second largest economy, China is still struggling with Covid as it witnesses the largest Covid infections since April The world did not get rid of Covid and the country where Covid originated still suffers from it and continues to battle it. The ever rising infections are taking a toll on country’s economy because …
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The UK economy is witnessing a shrink and is going through economically tough time and is expected to experience a recession The analysts suggest that UK economy shrank between July and September and is expected to be hit by a long recession. The country is going through a recession because of market collapse, high inflation …
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China’s trade shrinks unexpectedly as Covid curbs, suffers economic slowdown China’s economy paints a struggling picture at the moment as the country’s imports and exports get contracted. China is still recovering from the Covid situation at home and with the recession on the way, China’s policymakers need to think a lot about their plans. The …
