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Bureaucrats to get Rs1.8b allowance

[ ISLAMABAD: The federal cabinet has approved another special allowance for top bureaucracy – the second in four years – and sanctioned Rs1.8 billion budget in the middle of a further extension in austerity measures and a 7% raise for all government employees. The decision was taken during the special cabinet meeting that approved the … Read more

FO condemns Houthi threats against Saudi Arabia, Red Sea shipping

Says threats challenge rules-based maritime order and jeopardise uninterrupted flow of global commerce Pakistan on Wednesday “unequivocally” condemned the continued threats issued by the Houthi militia against the Kingdom of Saudi Arabia and commercial shipping in the Red Sea, warning that such actions jeopardise global commerce and regional security, in a statement released by the … Read more

PSX remains vulnerable to external shocks

[ KSE-100 index falls over 1,000 points as broad-based selling grips market with trading underway KARACHI: The Pakistan Stock Exchange (PSX) exhibited vulnerability to external shocks on Wednesday, with the benchmark KSE-100 Index coming under renewed selling pressure as investors adopted a cautious stance and reduced exposure to equities. The index struggled to sustain its … Read more