On Wednesday, the cash-strapped Pakistan government announced new austerity measures in order to secure a staff-level agreement with the IMF for the release of $1.2 billion in aid. Prime Minister Shehbaz Sharif and his federal ministerial colleagues, advisers and special assistants have agreed to forego their salaries and generous perks. Furthermore, government support staff will […]
[ Prime Minister Shehbaz Sharif on Wednesday announced a slew of austerity measures. He said that ministers, state ministers and special advisers to the premier had decided to forego their salaries and perks. He said that all ministers will pay their own utility bills. “All luxury cars being used by cabinet members are being called […]
SYDNEY: The New Zealand dollar perked up on Wednesday after its central bank delivered a hawkish rate rise, while the Aussie dipped on softer-than-expected wage data that eased fears of a price-wage spiral and raised prospects for a soft landing. The kiwi dollar climbed 0.5% to $0.6248, before easing a little to $0.6224. It eased […]