Political and Economic Landscape: Pakistan and India
Synopsis:
Political Dynamics in Pakistan: Imran Khan faces challenges after courts imposed fourteen- and ten-year prison sentences, while PTI grapples with setbacks. Local sentiment indicators suggest Nawaz Sharif’s resurgence.
Economic Resilience in Pakistan: A near-default situation is averted with a USD 3 billion IMF loan, supported by allies like Saudi Arabia, UAE, and China. Despite economic challenges, Pakistan demonstrates resilience with a surge in USD bonds and stock index.
India’s Political and Financial Dominance: Prime Minister Narendra Modi’s widespread popularity ensures political stability. India surpasses Hong Kong to become the world’s fourth-largest stock market, attracting significant foreign inflows.
Contrasting Trajectories: While Pakistan navigates political intricacies and post-election challenges, India emerges as a beacon of stability and growth in the global landscape, recording remarkable financial achievements.
The Covid-19 Induced Global Chip Shortage
When Covid-19 hit the world in early 2020, a pall of gloom hung over the global economy and uncertainty ruled the day. The future was pretty much unchartered and countries and companies around the globe started swinging in the dark. The current chip shortage is the result of the unexpected ways in which the global industries’ demand has played out for the chips.
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