5 Posts

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Pakistan’s weekly inflation falls for sixth straight week

  • 2 min
Weekly inflation in Pakistan decreased by 0.34% for the combined consumption group, marking the sixth consecutive week of decline. Out of 51 items surveyed, 12 saw price increases, 18 experienced decreases, and 21 remained stable. Year-on-year inflation rose by 21.31%, with notable increases in gas charges, onions, and chilies powder, and decreases in bananas and wheat flour.
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Putin to visit Beijing this week

  • 3 min
Russian President Vladimir Putin will visit Beijing from Thursday to Friday at the invitation of leader Xi Jinping. The visit signifies the growing economic partnership between the two countries, especially amid Western sanctions on Russia. Analysts highlight the increasing dependence of Russia on China and the potential hesitancy of China to jeopardize its relations with the West.
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Gold on track for best week since Dec

  • 2 min
Gold prices are steady as investors await U.S. non-farm payrolls data for clues on potential rate cuts by the Federal Reserve. Prices have risen 2% this week, reaching their highest level since Jan. 3. Fed Chair Powell's dismissal of spring rate cuts did not affect gold's support, with markets anticipating a rate cut in May.