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Pakistan ranked among world’s most powerful countries

Pakistan has been ranked among the twenty-three most powerful countries in the world. This is according to US News and World Report which released the latest edition of its annual "Best Countries" study. The US has retained its position as the world's most powerful nation, despite declining respect for its leadership. Its economic, political influence shapes the world, and a mammoth defence budget of about $600 billion and leading economy put it at the top. The US was perceived as the most powerful, followed closely…