The government is considering abolishing the basic pay scales (BPS), starting with non-gazetted staff in the public sector, and replacing them with a contract-based workforce as part of public-sector reforms to scale down the long-term cash load on the budget. Another one of the proposed reforms calls for converting all federal public sector medical facilities into semi-commercial hubs for medi
Donald Trump’s return to the White House seems to have sent jitters across major European capitals, as his second presidency is feared to spark a “global trade war” and deal a “hammer blow” to the decades-old project of globalisation. Most European Union (EU) officials and economists warn that in addition to disrupting global trade — and especially Chinese exports — through his tariffs, Trump’s
After suffering losses overnight due to nervous selling by a section of investors fearing US policy shift after Donald Trump’s win, the stock market resumed its record-setting spree on Thursday, propelling the KSE 100 index to an all-time high closing above 92,500. The overnight downtrend on the local bourse was in sheer contrast to the global bull run as Wall Street, the US dollar, and Bitco
THE provinces are already running banks: Bank of Punjab, Sindh Bank and Bank of Khyber. Balochistan is the only province that does not have a bank of its own, but given the precedent, it is bound to go for one as soon as it can. KP and Punjab recently said they would be interested in running their airline as well. A good question to ask here is why. Why should the provinces have their own banks
US presidential candidates Donald Trump and Kamala Harris have different visions for America but their economic strategies are similar, even if the modalities differ. Both have promised to strengthen middle-income groups and support businesses, which is where Pakistan can be impacted the most. Pakistan’s economic ties with the United States are multifaceted and deeply significant. On one