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Islamabad, Pakistan
Joined June 2008
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College and university students in Islamabad will be able to get motorcycle licences the same day, without completing the usual 42-day learning period. 🧵
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The special facility will run from November 1 to November 30, 2026. Eligible students must visit Islamabad Traffic Police Headquarters to complete the licensing process.
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Pakistan is drawing up a five-year plan to lift kinnow exports by tackling transport delays, customs hurdles and limited access to overseas markets. The roadmap is due within 15 days. 🧵
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The government is considering daily fruit convoys through the Iran border and a green channel for immediate customs clearance of perishable farm products. Exporters' financial instruments are to be extended before November 15.
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A weekly refrigerated freight train from Sargodha to Karachi and Quetta has also been proposed, with Railways asked for a feasibility report. More details:
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Pakistan will host its flagship minerals investment forum in Islamabad on November 12-13, bringing government leaders, global mining companies and investors together to explore projects across the sector. 🧵
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PMIF26 is being organised by the Government of Pakistan and endorsed by the Special Investment Facilitation Council. The event will focus on mineral exploration, processing and sustainable mining partnerships.
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Small businesses and farmers can now be reached through a wider network for bank financing under SBP's new framework, backed by the government's risk coverage schemes. 🧵
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Banks may work with eligible microfinance banks, non-bank microfinance companies and non-bank financial companies to originate, assess, monitor and recover loans for borrowers.
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Financing ceilings range from Rs. 500,000 to Rs. 5 million, depending on the borrower type and lending institution. More details:
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A National Assembly exchange over regional defence talks has gone viral after Maulana Fazlur Rehman targeted Defence Minister Khawaja Asif with one of his own famous political lines. 🧵
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Fazlur Rehman referred to Monday's Tehran talks involving Field Marshal Asim Munir, Saudi Defence Minister Prince Khalid bin Salman and Turkish intelligence chief Ibrahim Kalin with Iranian leaders.
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Pakistan's circular debt remains on the agenda as PSO, the government and the IMF work on a settlement plan. PSO says its receivables have not changed since February 2024. 🧵
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PSO received around Rs. 10 billion from the Power Division after the financial year and Rs. 26 billion from SNGPL in the final quarter. Its management says LNG accounts with SNGPL have also been reconciled.
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PSO has regained more than 40% market share and is planning EV charging points at selected outlets and major routes.
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Banks operating in Pakistan now face a Rs. 20 billion minimum capital requirement under revised SBP rules, with existing institutions given until December 31, 2030 to comply. 🧵
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The revised threshold covers locally incorporated banks, including Islamic banking subsidiaries. DFIs must maintain at least Rs. 10 billion, while foreign bank branches face Rs. 5 billion to Rs. 10 billion requirements based on branch count.
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SBP says stronger capital helps financial institutions absorb unexpected losses, manage bad loans and withstand economic downturns. Statutory reserves can count towards the requirement, subject to SBP approval for withdrawal.
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