Tag: GDP
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This One Economic Lie Is Destroying America From Within
By Nasir Ismail | International Affairs Columnist For decades, Americans have been fed a myth—that capitalism is a fair, meritocratic system that rewards hard work and innovation while lifting all boats. But this lie is crumbling under the weight of reality. The truth? Capitalism, as currently structured, is a rigged game, funneling wealth and power…
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The U.S. at a Crossroads: Adapt or Fade in a Changing World
By Nasir Ismail | International Affairs Columnist The United States stands on the precipice of a crisis—not of military defeat or economic collapse, but of irrelevance. For decades, the post-World War II order revolved around Washington’s dominance, but the world has moved on. The question now is whether America will adapt or cling to the…
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Increase Tobacco Tax for a Sustainable Pakistan
Tobacco taxation is one of the most effective ways to reduce smoking, improve public health, and generate revenue for national development. In Pakistan, tobacco-related diseases impose a massive economic and health burden. Reports from the Social Policy and Development Centre (SPDC) and the World Health Organization (WHO) reveal that strategic tax hikes can significantly reduce…
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India’s Defence Exports At All Time High In 9 Years
India’s defence exports have reached an all-time high worth nearly ₹ 16,000 crore in 2022-23, surging from a mere ₹ 686 crore in 2013-14. This 23-fold increase reflects India’s progress in the global defence manufacturing sector. “With exports reaching more than 85 countries, India’s defence industry has shown its capability of design and development to…
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German economy in recession after GDP falls: Statistics Office
BERLIN: Germany has gone into recession after high prices pushed the country’s economy into recession, per GDP figures for the first quarter. According to the data released by Germany’s federal statistical office, on Thursday, the GDP (gross domestic product) has fallen by 0.3 percent in the first quarter, similar to the previous three quarters. The…
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NCOC1. NCOC session took a detailed review of current disease situation in the country. Forum agreedon implementation of undermentioned essential protocols for masajid / worship places:- a. Only fully vaccinated individuals are allowed for prayer in masajid / worship places. b. Mandatory mask wearing. c. Removal of carpet etc. d. Maintaining 6 feet social distancing.…
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Aviation industry, backbone of world tourism
Aviation Industry, if it was a country would rank at number 17 in world GDP. Pakistan is yet to recognize Aviation as an Industry. 3.5 trillion US dollars (4.1%) of the world’s gross domestic product (GDP) comes from the Aviation Industry. If it was a country, it would rank 17th on the world scale. Pakistan…
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Government fears an economic crisis over Omicron’s spread
ISLAMABAD: The federal government has expressed concern over the negative impact on the economy in view of the new variant of coronavirus, Omicron, which could lead to further rise in inflation. According to the details, the Economic Advisory Wing (EAW) of the Ministry of Finance, in its Economic Update and Outlook Report, said that Omicron…
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Pakistan’s Economic Woes: Depreciation of Rupee
This opinion is written by Shanawar Aziz. The headline of every news channel these days revolve around the economic crisis that Pakistan is facing. The rupee has lost 15% of its value against the dollar, the current account deficit crossed $5bn, and has reached 4.7% of the GDP. Moreover, foreign exchange reserves keep touching new…
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GDP: Foreign debt equals 74% of Pakistan’s Economy
The Ministry of Finance has released a report on domestic debt, according to which total foreign debt is equivalent to 74.9 percent of the country’s Gross Domestic Product (GDP). According to the reports, the Ministry of Finance has released the details of the total domestic debt. The ministry has stated that the volume of foreign…