CM opens desk to tackle corruption

Citizens can report corruption and grievances via phone, social media and WhatsApp Khyber-Pakhtunkhwa Chief Minister Muhammad Sohail Afridi has inaugurated an Anti-Corruption Desk at the Chief Minister’s Complaint Cell to facilitate the registration of corruption complaints and reports. Citizens can now directly lodge complaints regarding corruption with the Chief Minister. A dedicated telephone number, 091-9222451,…

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PM Shehbaz meets Chinese business delegation to discuss digital economy cooperation

He appreciates IBI Group’s decision to establish its ‘Pakistan digital economy headquarters’ in Pakistan Prime Minister Shehbaz Sharif on Friday met a high-level 11-member Chinese business delegation led by Qian Xiaojun, founder, president and controlling shareholder of IBI Beijing United Technology, at the prime minister’s house. According to the statement by the prime minister’s office…

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Upgrade hinges on reforms

Moody’s says Pakistan more resilient to shocks than in 2022, B3 rating upgrade reflects improved governance but debt, Banks will continue to benefit from stable deposit base. PHOTO: AFP ISLAMABAD: Further improvement in Pakistan’s sovereign credit rating will depend on sustained implementation of reforms, rebuilding of foreign exchange reserves and continued access to financing, Moody’s…

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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 critical…

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CDF vows relentless anti-terror fight

A veteran salutes Chief of Defence Staff Field Marshal Syed Asim Munir during an investiture ceremony at the GHQ in Rawalpindi. Photo: PPI RAWALPINDI: Chief of Defence Forces (CDF) and Chief of the Army Staff Field Marshal Asim Munir on Thursday reaffirmed that Pakistan’s fight against terrorism “will continue with full national resolve” until “enduring…

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Bank profits sink on provisions

DIGITALISATION: Over the medium term, the sector is expected to benefit from regulatory pushes towards a documented, cashless economy, which should structurally enhance the low-cost deposit base. PHOTO:FIL KARACHI: Pakistan’s commercial banking sector is expected to face a squeeze on profitability in the second quarter of 2026 as elevated provisions, narrowing margins and weaker non-funded…

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Per capita income climbs to $1,901

ISLAMABAD: Pakistan’s economy grew 3.7% in the outgoing fiscal year, missing the annual target and dashing hopes of higher growth due to slowing wheels of the industry and construction sectors, which has contributed to higher unemployment in the country. The 3.7% growth rate was pulled by the services sector, followed by 3.5% growth in the…

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Scotland seek history on World Cup return

LONDON: Scotland return to the global stage at a first World Cup for 28 years determined not to just make up the numbers as Steve Clarke’s side aim to finally end generations of group-stage heartbreak. In 12 previous attempts at major tournaments Scotland have fallen short of making the knockout stages.However, the new format at…

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