ISLAMABAD: Marking his first trip to the country’s North Waziristan tribal region since assuming office in August this year, Prime Minister Imran Khan visited Miran Shah on Monday where the army has managed to reestablish order following successful operations to rid the area of militants.
PM Khan was accompanied by Chief of Army Staff General Qamar Javed Bajwa, the governor and Chief Minister of Khyber Pakhthunkhwa province, and key federal and provincial ministers for the trip to the central part of North Waziristan, where a local commander briefed the premier on the security situation, ongoing stability operations, socioeconomic projects, and rehabilitation of displaced people, Major General Asif Ghafoor, the military’s spokesperson, tweeted on Monday. He also visited the Ghulam Khan terminal to inspect the border fencing, where he addressed a group of elders from the North and South Waziristan regions.
The prime minister praised the country’s security forces for driving the militants out of the region which was once considered as the hub of the Pakistani Taliban and foreign militants. According to a statement released by the military’s media wing, Khan said: “No other country or their armed forces have done what Pakistan and its armed forces have done in the war against terrorism.”
He added that “we have fought an imposed war inside our country at a very heavy cost and loss to our socio-economic fiber.”
“We shall not fight any such war again inside Pakistan,” he pledged. “We are for peace beyond borders, including in Afghanistan. We shall play our role in the Afghan peace process along with other stakeholders as peace in Afghanistan is critical for achieving peace in Pakistan,” he added. Khan also announced several welfare packages for the newly-established districts of the tribal region.
No more wars inside Pakistan, PM Khan pledges
No more wars inside Pakistan, PM Khan pledges
- Visits tribal district where he was briefed by local officials about the security situation in Miran Shah
- Army reestablishes order in North Waziristan after launching major offensive against militants in 2014
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.”
