On Monday, Pakistan congratulated the members of the Association of South East Asian Nations on the 55th anniversary of the founding of the group on this day in 1967. The Foreign Office stated in a statement that ASEAN has developed into a vibrant and integrated economic community supporting common goals of regional peace and development. The statement further said that Pakistan has a history of cooperation with ASEAN and that it values the group's development and noteworthy contributions to the advancement of regional cooperation. According to the Foreign Office, Pakistan places a strong focus on advancing its multifaceted relations with ASEAN through improved connectivity and interpersonal contacts, in accordance with its Vision East Asia agenda. The presence of Pakistan's Foreign Minister Bilawal Bhutto Zardari in the 29th ASEAN Regional Forum's Ministerial Meeting in Phnom Penh was mentioned in the statement as evidence of Pakistan'...
The high US inflation rate will undoubtedly have an influence on the world. The US Consumer Price Index (CPI) inflation rate is at 9.1%. The predicted high rate of headline inflation is likely to persist for some time due mainly to supply interruptions brought on by oil and food price hikes as a result of the Ukraine war, even though core inflation, or inflation excluding the prices of oil and food, is lower at roughly 4%. Compared to the first quarter of 2021, when growth was 5.6%, the growth rate in 2022 was only 1.6%. The consensus among economists is that there will be a US economic recession and a global slowdown. In terms of growth, exports, employment, and the value of their currencies, these developments will have an impact on economies all around the world, but particularly on those in developing countries. Let's now examine the dollar-rupee parity. The elevated US inflation rate will undoubtedly have an effect on other countries, especially less developed e...
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