Public discontent grows in Pakistan’s northwest province ruled by Imran Khan’s party — Gallup

Public discontent grows in Pakistan’s northwest province ruled by Imran Khan’s party — Gallup
People wait to collect free bags of flour at a government distribution point in Peshawar on March 29, 2023. (AFP/File)
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Updated 14 July 2025
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Public discontent grows in Pakistan’s northwest province ruled by Imran Khan’s party — Gallup

Public discontent grows in Pakistan’s northwest province ruled by Imran Khan’s party — Gallup
  • Majority in Khyber Pakhtunkhwa say joblessness rising, services lacking, even PTI voters demand corruption probes
  • 83 percent praise health card but only 38 percent back current chief minister’s performance, half say Punjab CM is doing better

ISLAMABAD: A new Gallup Pakistan survey reveals a sharp decline in public satisfaction in the northwestern Khyber Pakhtunkhwa (KP) province where the Pakistan Tehreek-e-Insaf (PTI) party of former Prime Minister Imran Khan has ruled for over a decade, with residents citing poor infrastructure, widespread unemployment and lack of accountability 

The findings, based on face-to-face interviews with 3,000 residents across KP’s seven divisions, offer a rare look at grassroots sentiment in a province that has long been a PTI stronghold. The survey was conducted in February and March 2025, with analysis completed by June.

PTI first came to power in KP in 2013 and has governed the province since. Following the last general elections in 2024, the party formed the provincial government once again, even as its founder, Imran Khan, remains in jail on multiple legal charges he says are politically motivated. 

“Despite 13 years of PTI governance, even its own voters are expressing disappointment,” the Gallup survey report said. “Up to 49 percent of PTI supporters said no recent development had taken place in their area.”

A majority of respondents, 59 percent, reported rising unemployment, while 67 percent said the government had failed to create jobs or business opportunities. Basic services remain uneven: 66 percent said gas was unavailable, and 49 percent reported poor or no electricity access.

Facilities for youth are especially lacking: 77 percent said they lacked access to parks, 81 percent to libraries, and 70 percent to community centers.

Corruption was a recurring theme across sectors. 52 percent of respondents believe development funds were misappropriated, and just 32 percent said they were used properly. Support for accountability was high even among PTI supporters.

“71 percent of respondents, including 62 percent of PTI voters, support formal investigations into alleged corruption in mega projects during PTI’s rule,” Gallup Pakistan said.

A further 48 percent said corruption in government departments has increased, and 40 percent believe it is more prevalent in KP than in Punjab.

HEEALTH CARD YES, GANDAPUR NO

The PTI’s flagship health insurance scheme, the Sehat Card, remains the most popular initiative, with 83 percent of respondents, 88 percent of them PTI voters, saying it has improved health care access.

Yet only 38 percent of respondents said current KP Chief Minister Ali Amin Gandapur is performing better than his predecessors, and 47 percent said they would prefer to see Imran Khan in the role despite his ongoing imprisonment and legal battles.

Half the respondents said Punjab’s chief minister Maryam Nawaz Sharif is performing better than Gandapur.

“The contrast between continued support for PTI’s welfare programs and disillusionment with current leadership signals a shift in political expectations,” the report observed.

The disconnect between government and people on federal ties also comes up in the survey. The PTI-led government has been at odds with the federal administration since at least the 2024 election and even earlier, engaging in protests and public disputes.

Yet the Gallup report shows “85 percent of KP residents favor stronger collaboration between the provincial and federal governments,” suggesting popular support for more cooperative governance.

Another 60 percent of respondents said the KP government had “wasted time in protests and demonstrations rather than focusing on governance.”

The formal justice system is also under increasing public scrutiny. The survey found that 70 percent of respondents feel courts take too long to deliver justice, 50 percent consider the judiciary corrupt, and 53 percent believe court decisions are politically influenced.

In contrast, traditional tribal dispute resolution mechanisms, or Jirgas, are gaining favor. 

“84 percent of those aware of the Jirga system support it, and 70 percent believe Jirga decisions are fair,” Gallup reported.

In conclusion, the Gallup Pakistan survey shows that while PTI still enjoys loyalty from a core voter base, rising economic pressures, lack of development and demand for transparency have eroded its standing among the broader population.

“The survey offers a sobering assessment of public sentiment across KP. Despite strong backing for select welfare programs and the continued popularity of PTI among its base, citizens are increasingly frustrated with lackluster service delivery, limited job opportunities, corruption, and unfulfilled promises,” the concluding note in the survey report said.

“The overwhelming demand for accountability and equitable governance signals a critical juncture for provincial leadership and institutions.”


Pakistani banks lead Asia-Pacific in stock gains as economy stabilizes

Pakistani banks lead Asia-Pacific in stock gains as economy stabilizes
Updated 07 October 2025
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Pakistani banks lead Asia-Pacific in stock gains as economy stabilizes

Pakistani banks lead Asia-Pacific in stock gains as economy stabilizes
  • Six Pakistani lenders among Asia-Pacific’s best-performing bank stocks, led by Bank of Punjab and Bank of Khyber
  • Surge in share values reflects renewed investor confidence amid IMF reforms and currency stabilization

ISLAMABAD: Pakistani banks outperformed all their Asia-Pacific peers in the third quarter of 2025, with several local lenders topping a regional list of best-performing bank stocks, according to data from market analytics firm S&P Global Market Intelligence.

The strong performance reflects growing investor confidence in Pakistan’s financial sector as the country’s economy shows signs of stabilization following last year’s $7 billion International Monetary Fund bailout. The program helped ease fears of default, strengthen foreign reserves and stabilize the rupee after two years of severe fiscal stress. Inflation has eased from record highs, and the government is moving ahead with privatization, tax and energy reforms, and digitalization drives, all aimed at restoring credibility among investors and lenders.

“Pakistan-based lenders dominated a ranking of Asia-Pacific banks with the best-performing stocks in terms of total return in the third quarter,” S&P Global Market Intelligence said in its latest report, noting that local equities had strengthened during the review period.

The market data firm said its quarterly analysis covered publicly traded Asia-Pacific banks with a market capitalization greater than $100 million, using total returns calculated between June 30 and Sept. 30, 2025.

According to the analysis, the Bank of Punjab was the best performer, delivering a total return of 176.4 percent between June 30 and Sept. 30. The Bank of Khyber ranked second with 108.2 percent, while National Bank of Pakistan, JS Bank Ltd., Askari Bank Ltd., and Habib Bank Ltd. also featured among the top 15 performers.

A “total return” measures how much value investors gained from both stock price appreciation and dividends over a specific period, a key indicator of confidence in a bank’s financial strength and profitability.

The rally in Pakistani bank shares underscores optimism over the government’s reform trajectory and macroeconomic stability, even as challenges persist in the form of high energy costs, sluggish exports, and vulnerability to climate shocks.

Beyond Pakistan, PT Allo Bank Indonesia Tbk took the third spot with an 89.2 percent total return, while Vietnam Prosperity Joint Stock Commercial Bank, the largest by market capitalization among the top 15, placed seventh with a 68.1 percent gain.

At the other end of the spectrum, Indonesia’s PT Bank Nationalnobu Tbk posted the steepest losses with a negative 31.9 percent total return, followed by several mid-tier Chinese and Indian banks that saw weaker performances amid slower credit growth and domestic market pressures. 


Pakistan asks provinces to fund flood recovery, an IMF condition provinces call unfair

Pakistan asks provinces to fund flood recovery, an IMF condition provinces call unfair
Updated 07 October 2025
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Pakistan asks provinces to fund flood recovery, an IMF condition provinces call unfair

Pakistan asks provinces to fund flood recovery, an IMF condition provinces call unfair
  • IMF mission in Islamabad for $8.4 billion loan review as government faces pressure over flood response
  • Provinces warn move shifts burden of national disaster to local budgets already strained by delayed transfers

ISLAMABAD: Pakistan’s government has asked provincial administrations to finance flood-recovery projects in line with the International Monetary Fund’s (IMF) conditions under its $8.4 billion loan programs, officials from the Sindh and Khyber Pakhtunkhwa provinces said on Tuesday.

The move comes as an IMF mission led by its chief Iva Petrova is in Islamabad for talks on the second review under a $7 billion Extended Fund Facility (EFF) and the first under a $1.4 billion Resilience and Sustainability Facility (RSF). A successful review could unlock about $1 billion in budgetary support and $100 million for climate-resilience funding from the lender.

Prime Minister Shehbaz Sharif has said the recent flood damages should be taken into account and “factored in” as the IMF assesses Pakistan’s fiscal performance, arguing that the scale of the disaster underscores the need for flexibility in the review process. The floods have killed more than 1,000 people and destroyed crops and infrastructure worth around $1.3 billion, according to initial government estimates.

The IMF has long urged Pakistan to improve coordination between federal and provincial governments on natural-disaster response and financing — a measure that officials say has prompted Islamabad to ask provinces to fund part of the country’s flood-recovery program. Provincial governments, however, say the move shifts the burden of a national disaster onto their already stretched budgets.

“The federal government has asked provinces to fund flood recovery schemes under IMF pressure,” Sharmila Farooqui, a member of Pakistan’s parliamentary finance committee from Sindh, the country’s second largest province, told Arab News.

“This is neither fair nor feasible. Provinces like Sindh, which suffered the worst devastation, cannot be expected to shoulder the cost of a national disaster from already strained budgets,” she said. “Flood recovery is a federal responsibility and must be treated as a national priority.”

Farooqui added that while Islamabad had not “formally” requested Sindh, discussions were ongoing and “the buzz is going around.” She said the federal government could not abdicate its duty by passing the burden to the provinces. 

“Equity, compassion, and transparency must guide this process.”

Muzzammil Aslam, finance minister of Khyber Pakhtunkhwa, also confirmed that the federal government wanted provinces to fund flood-recovery projects. 

“Yes, it’s partly true,” Aslam told Arab News in a text message. “We, KP, actually endorsed this from day one.”

“On IMF targets, it’s conditional on the Federal Board of Revenue’s tax collections and timely payments of straight transfers,” he said.

Both Aslam and Farooqui criticized delays in the transfer of federal revenue shares to provinces under Pakistan’s fiscal distribution system, known as the National Finance Commission (NFC) award.

“They always do. Same situation every year,” said Farooqui, who is from Sindh, Pakistan’s second-largest province, which contributes more than 60 percent of federal revenues.

She said the delay in federal transfers was a routine occurrence. 

“While I was in Sindh as a provincial lawmaker, we would raise this issue every year during the budget. A major portion is always delayed.”

Pakistan remains highly exposed to extreme weather events that pose major fiscal and development risks for its cash-strapped economy. The IMF’s RSF loan is designed to help buffer the nation from climate-related growth and balance-of-payments shocks.

“(The RSF) aims to reduce Pakistan’s balance-of-payments stability risks stemming from climate vulnerabilities,” the IMF said in its latest review report.

Government estimates show the latest floods have damaged crops and infrastructure worth about $1.3 billion, mostly in the country’s breadbasket Punjab province.


Pakistan plans to access USD, Euro, Islamic Sukuk markets ‘in due course’ — finmin

Pakistan plans to access USD, Euro, Islamic Sukuk markets ‘in due course’ — finmin
Updated 07 October 2025
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Pakistan plans to access USD, Euro, Islamic Sukuk markets ‘in due course’ — finmin

Pakistan plans to access USD, Euro, Islamic Sukuk markets ‘in due course’ — finmin
  • High-level Acumen delegation led by founder Jacqueline Novogratz meets finance minister in Islamabad
  • Finance minister highlights tax, energy and privatization reforms to boost investor confidence

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Tuesday the country plans to tap the US dollar, euro and Islamic sukuk markets “in due course” as part of efforts to diversify funding sources and sustain economic stability.

The announcement came during a meeting with a high-level Acumen delegation led by founder and Chief Executive Officer Jacqueline Novogratz. The delegation of board members and global investors is visiting Pakistan to meet government officials and private stakeholders in a move seen as a sign of renewed foreign interest in the South Asian nation’s economy.

“Aurangzeb also discussed Pakistan’s plans to issue its inaugural Panda Bond before the year’s end and its intent to access USD, Euro, and Islamic Sukuk markets in due course,” the Finance Division said in a statement after the meeting.

A Panda Bond is a type of debt issued by a foreign borrower in China’s domestic market, denominated in renminbi (RMB). It enables foreign governments and companies to raise funds from Chinese investors and broaden their financing base.

“The Minister reaffirmed that the private sector must lead Pakistan’s economic growth, while the government’s role is to provide a supportive ecosystem,” the finance ministry statement said.

“He highlighted Pakistan’s move toward an export-led growth model, supported by tariff reforms and responsible fiscal management, aimed at ending the boom-and-bust cycle.”

Aurangzeb appreciated Acumen’s continued engagement in Pakistan, particularly its focus on agriculture and climate resilience. He also informed the delegation about the clearance of backlogs in repatriating foreign profits and dividends, noting that the recent $500 million Eurobond repayment had been handled as a routine transaction, a sign of returning macroeconomic stability.

Aurangzeb highlighted Pakistan’s focus on structural reforms in taxation, energy and privatization, including the final stages of Pakistan International Airlines’ divestment and the planned privatization of power distribution companies. 

The minister also underscored Pakistan’s commitment to climate-resilient development, noting that the country faces twin challenges of population growth and climate change, which have intensified floods and droughts in recent years. He said policies promoting decarbonization, nutrition and education were being embedded in Pakistan’s ten-year Country Partnership Framework with the World Bank — a long-term plan that guides the Bank’s support for the country’s economic and climate priorities.

According to the finance ministry statement, Novogratz said expanding access to finance for Pakistan’s young talent could help transform innovative ideas into scalable businesses and reaffirmed Acumen’s commitment to invest in agriculture, climate resilience, energy and poverty reduction in the country. 

The delegation also discussed progress on Acumen’s $90 million Agriculture Resilience Fund for Pakistan, which aims to promote climate-smart farming and sustainable food systems. 


US names Pakistan, Saudi Arabia among buyers in new American air-to-air missile deal

US names Pakistan, Saudi Arabia among buyers in new American air-to-air missile deal
Updated 07 October 2025
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US names Pakistan, Saudi Arabia among buyers in new American air-to-air missile deal

US names Pakistan, Saudi Arabia among buyers in new American air-to-air missile deal
  • Department of War lists both nations in $41.7 million Raytheon contract for fighter-jet missiles
  • Separate $24 million award covers communications upgrades on Saudi F-15 aircraft

ISLAMABAD: The US Department of War has named Pakistan and Saudi Arabia among countries included in a new contract for the supply of US-made air-to-air missiles, while separately approving a deal to improve communications systems on Saudi fighter jets, according to an official statement released on its website.

In its Sept. 30 bulletin, the Department of War said it had awarded Raytheon Missiles & Defense a $41.68 million modification “to provide production support for the Advanced Medium-Range Air-to-Air Missile,” a weapon designed to enable fighter aircraft to destroy enemy planes at long range.

The same announcement listed a wide range of US allies and partners receiving the system through the Foreign Military Sales program.

“This contract involves foreign military sales to United Kingdom, Poland, Pakistan, Germany, Finland, Australia, Romania, Qatar, Oman, Korea, Greece, Switzerland, Portugal, Singapore, Netherlands, Czech Republic, Japan, Slovakia, Denmark, Canada, Belgium, Bahrain, Saudi Arabia, Italy, Norway, Spain, Kuwait, Finland, Sweden, Taiwan, Lithuania, Israel, Bulgaria, Hungary and Turkiye,” the Department of War statement read.

The release did not specify how many missiles each country would receive or when deliveries would begin, details that are typically disclosed later through government-to-government filings.

The contract funds ongoing production of the Advanced Medium-Range Air-to-Air Missile (AMRAAM), which is used by more than 40 countries. Pakistan employs the system on its F-16 fighter jets, while Saudi Arabia operates it on F-15 aircraft.

Pakistan’s defense ministry had not issued any public comment on the latest contract listings as of Tuesday.

In a separate notice, the Department of War announced a $24.17 million contract for technical support to upgrade Link-16, a secure tactical data network that enables Saudi F-15 pilots and command centers to share real-time information on targets and threats. The work will be carried out in Saudi Arabia and continue through March 2031, the department said.

Both awards reflect Washington’s continuing defense cooperation with partners in the Middle East and South Asia. While Pakistan and Saudi Arabia are regularly listed in such multi-nation programs, the Department of War rarely releases individual country breakdowns in initial contract statements.

The Advanced Medium-Range Air-to-Air Missile has been a cornerstone of US and allied air defense for over three decades, capable of striking airborne targets at ranges exceeding 30 kilometers depending on the variant. 


Punjab disaster agency warns of possible medium flood in Sutlej river this week

Punjab disaster agency warns of possible medium flood in Sutlej river this week
Updated 07 October 2025
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Punjab disaster agency warns of possible medium flood in Sutlej river this week

Punjab disaster agency warns of possible medium flood in Sutlej river this week
  • PDMA says Ganda Singh Wala point may see medium flood as river levels rise
  • Monsoons have killed over 1,000 people, damaged millions of acres of farmland

ISLAMABAD: The Provincial Disaster Management Authority (PDMA) Punjab on Tuesday warned that the River Sutlej could reach medium flood level within the next 24 hours, with the level expected to persist for up to two days, though most rivers across the province currently remain within safe limits.

The advisory follows weeks of heavy monsoon rains that have killed more than 1,000 people nationwide, displaced thousands, and damaged over 2.5 million acres of farmland, according to official figures. Punjab — Pakistan’s agricultural heartland — has experienced repeated flooding since August after excess water releases from India and persistent rainfall left riverbanks and embankments saturated.

“The River Sutlej at Ganda Singh Wala is expected to reach the Medium Flood Level within the next 24 hours and sustain the level for the subsequent two days,” the PDMA said in its latest advisory, referring to a border town and river monitoring point located near Kasur district in Punjab along the Pakistan–India border.

The agency said water levels in the Sutlej and Ravi rivers depend on releases from Indian reservoirs and directed all divisional commissioners and deputy commissioners to remain on high alert. It also placed the Health, Irrigation, Communication and Works, Local Government, and Livestock Departments on standby for possible flood response operations.

PDMA Director General Irfan Ali Kathia said the River Sutlej currently has a low flood level at the Ganda Singh Wala point, adding that flows could increase in the next 48 hours due to upstream inflows and rainfall in the catchment areas.

“District administrations have been directed to stay alert as water levels in Punjab’s rivers and associated tributaries may rise due to continuing rainfall,” Kathia said.

The PDMA instructed all relevant departments to ensure round-the-clock staffing in emergency centers, activation of early warning systems, and pre-placement of heavy machinery in at-risk areas to manage potential breaches or road damage.

Citizens were urged to exercise caution during bad weather and stay informed through official PDMA updates. The agency said its control room was monitoring river flows continuously, coordinating with the Irrigation Department and local administrations for real-time response.