KARACHI: Pervez Khattak, the chief minister of Khyber Pakhtunkhwa (KP), has offered to hold talks with the Pashtun Tahafuz Movement (PTM), after army-mandated negotiations between the group and the KP governor stalled.
Khattak appealed to the PTM leadership to attend a Jirga, a traditional assembly of leaders, chaired by KP governor so that the issues and their demands can be discussed and resolved in accordance with the constitution.
“I will personally hold talks with the PTM leadership and try to address their grievances,” Khattak added.
PTM want to discuss issues of discrimination against the Pashtun community, including enforced disappearances, extrajudicial arrests and killings, and general abuses of their rights.
“Some of the basic demands of PTM are genuine, which should be resolved,” said Shaukat Ali Yousafzai, a spokesman for the KP government.
However, he said the group’s actions “may take things in wrong direction,” adding that “in such scenario we deem it our responsibility to play a mediatory role in talks.”
“We have remained in contact with the PTM leaders,” he continued, but admitted the government has yet to come with a proposal for talks.
Ali Wazir, a member of PTM’s core committee, said Khattak’s offer was just a continuation of the offer of discussions that Pakistan Tehreek-e-Insaf Chairman Imran Khan had extended through party member Murad Saeed, a lawmaker from Swat.
“Violating the rules of the Jirga, Imran Khan, instead of coming to meet the PTM which is an aggrieved party, is summoning its leadership to Bani Gala, which is not possible,” Wazir said.
He confirmed the talks between the PTM and the army-mandated Jirga were deadlocked.
“A jirga has rules and principles which bind both the parties,” he said. “It was decided that until the final agreement is reached, no one would level any allegations.” He added that one of the jirga members, Waris Khan Afridi, recently described PTM members as traitors during a public meeting in Khyber Agency. “If it was not enough, Afridi also demanded action against us,” he said.
Since the rules of the Jirga demand such issues be settled first, PTM has asked for a meeting about it, Wazir said, so that everyone can move on when the issue is resolved.
He also said it had been agreed that no member of the jirga would face criminal charges but this condition has also been violated.
“Can we hold talks under such circumstances when we are answerable to thousands of people who have stood for the cause?” asked Wazir. “The army and PTM are parties in this issue. The governor and chief minister should stand by us. There is no need for jirga since we have a constitution to resolve our issues, which are legal and ethical under the constitution of Pakistan.”
Wazir said PTM leaders would hold a meeting on Friday evening regarding a planned rally in Karachi.
PTM recently received criticism for calls from some members that international guarantors be present during talks with the KP government.
“Talking of UN guarantees amounts to asking for a UN intervention,” said Imtiaz Gul, a senior analyst and author. “Either PTM leaders don’t understand what they are talking about or it is part of the old campaign to involve the international community in Pakistan’s domestic affairs.”
KP chief minister offers to talk with PTM after army-backed negotiations stall
KP chief minister offers to talk with PTM after army-backed negotiations stall
- Pashtun Tahafuz Movement plan show of power in Karachi after planned discussions fell through.
- “Some of the basic demands of PTM are genuine, which should be resolved,” said a spokesman for the KP government.
Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets
- A T+1 settlement cycle means that securities transactions are finalized and settled one business day after trade date
- Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle
KARACHI: Pakistan’s capital market has officially transitioned to the Trade plus one (T+1) settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices, the Pakistan Stock Exchange (PSX) said on Tuesday.
A T+1 settlement cycle means that securities transactions are finalized and settled one business day after the trade date, which reduces counterparty risk and improves capital efficiency in the exchange of funds and securities.
Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle. The transition was implemented under the guidance of the Securities and Exchange Commission of Pakistan (SECP) through close collaboration among all stakeholders, according to the PSX.
It aligns Pakistan’s capital market with leading markets such as the United States, Canada, Mexico, Argentina, Jamaica and China, which have already adopted shorter settlement cycles. Europe, the UK and Switzerland are set to follow by 2027. By moving early, Pakistan has demonstrated its commitment to modernization and investor protection.
“The transition to the T+1 settlement cycle brings important advantages for Pakistan’s capital market. It enables faster access to funds and securities, improving liquidity, while reducing settlement and counterparty risk through shorter exposure periods,” the PSX said.
“Quicker trade finalization enhances efficiency and the reform strengthens investor confidence, particularly among institutional and foreign investors. Together, these benefits support a stronger and more resilient market aligned with global best practices.”
Pakistan’s stock market has touched historic highs in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs. Pakistani state media reported in Jan. around 135,000 new investors had joined the PSX over the last 18 months.
SECP Chairman Dr. Kabir Ahmed Sidhu commended the PSX, the Central Depository Company and the National Clearing Company of Pakistan for the successful implementation of the T+1 settlement system.
“The reform brings Pakistan’s capital market at par with modern jurisdictions by accelerating trade settlement, reducing counterparty and market risks, and enhancing liquidity,” he was quoted as saying by the PSX.
“The adoption of T+1 will strengthen investor confidence and align Pakistan’s capital market with evolving international standards and global best practices.”









