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Banks urged to focus on private credit

[ SBP governor says reorientation needed, cites low credit penetration despite Rs69tr assets SBP Governor Jameel Ahmed during a press conference. Photo: SBP Meta KARACHI: Governor State Bank of Pakistan (SBP) has urged banks to reorient their business models towards stronger retail deposit mobilisation and greater private-sector financing, emphasising that the banking sector has a … Read more

Led by energy stocks, PSX gains 575 points

[ Late-session interest helps KSE-100 advance 0.33% but it couldn’t break resistance band KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session on a firm note as the benchmark KSE-100 index rose 575 points to close near 177,170. The index spent the first half of the day trading sideways before attracting buying interest later, when it … Read more

Kundi urges modern weapons for K-P police

Kundi said policing in K-P was different from other provinces because of the persistent threat of terrorism PESHAWAR: Khyber-Pakhtunkhwa Governor Faisal Karim Kundi has called for equipping the provincial police with modern weapons, advanced technology and additional resources to effectively combat terrorism, saying the force was playing a frontline role in maintaining peace despite extraordinary … Read more

Shafi Jan accuses Centre of defying courts

PESHAWAR: Khyber-Pakhtunkhwa Information and Public Relations Minister Shafi Jan on Friday accused the federal government of openly violating court orders concerning the medical treatment and transfer of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, saying the move amounted to contempt of court and undermined the supremacy of the Constitution and the rule of law. In a … Read more

K-P Assembly approves digital payments bill

PESHAWAR: The Khyber-Pakhtunkhwa government has approved the Khyber-Pakhtunkhwa Promotion of Digital Payment Act 2026, aimed at transforming the province into a cashless economy, while a stormy provincial assembly session witnessed a heated confrontation over a quorum call and the suspension of a PML-N lawmaker. Provincial Law Minister Aftab Alam introduced the digital payments bill in … Read more