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July 23 revolution and the birth of modern Egypt


Less than four years after the death of President Gamal Abdel Nasser, his successor, President Anwar Sadat decided that the best solution to Egypt’s economic problems was to abolish the Socialist system his predecessor, Nasser, believed in and was loyal to until his death on September 28, 1970.
Sadat’s meetings with representatives of the World Bank and the International Monetary Fund (IMF), meant to secure loans to help revive the economy, ultimately led to major changes in Egypt’s economic regime - abandoning the socialist system and embracing a free-market capitalist system.
In those meetings following the October 1973 war that led to near bankruptcy in the Egyptian treasury, Sadat had to choose between moving forward with the socialist approach that began with the July 1952 revolution or going along with the two international institutions’ terms to secure those loans and he chose the latter, thereby abolishing of the government’s subsidies and floating the p ....

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Pakistan's regional connectivity plans hinge on Afghanistan peace


Pakistani officials are in top-gear trying to manage the complex situation that is emerging out of Afghanistan. The Pakistani Prime Minister, Imran Khan along with intelligence top brass was in Uzbekistan recently to attend the Central and South Asia Regional Connectivity Conference where a large part of the engagements focused on Afghanistan.
This is to be followed by a three-day peace conference in Islamabad in the next few weeks where the government has invited most of Afghanistan’s stakeholders. The conference initially scheduled to be held this week has been postponed till after Eid Al Adha.
Top ranking security officials in wide-ranging interviews explained to the ....

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