Pakistani stocks crash, Indian rupee hits new low on war risks

KARACHI: Stocks suffered its worst day on record on Thursday, as the market tumbled 6,482.21 points on Thursday, marking its largest single-day decline in terms of points, as escalating military tensions with India triggered a wave of selling that wiped nearly 5.89 percent off the benchmark KSE-100 Index, closing it at 103,526.81.

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Pakistan confirms security advisers’ contact after India’s strikes and retaliation

ISLAMABAD: The national security advisers of Pakistan and India held talks following India’s missile strikes on Pakistan and Pakistan’s subsequent military response, Deputy Prime Minister Ishaq Dar said Wednesday, marking a rare official communication between the nuclear-armed neighbors amid escalating tensions over disputed Kashmir.

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Pakistan authorises retaliatory military strikes on India after civilian deaths in ‘act of war’

ISLAMABAD: Prime Minister Shehbaz Sharif authorised retaliatory military strikes against India on Wednesday, hours after an unprovoked cross-border assault killed at least 31 civilians in overnight airstrikes — a dramatic escalation that marks the most severe military confrontation between the nuclear-armed neighbors in over two decades.

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