Sohail Afridi elected chief minister of Pakistan’s Khyber Pakhtunkhwa province

Newly-elected Chief Minister of Khyber Pakhtunkhwa (KP), Sohail Afridi (left), and former Chief Minister, Ali Amin Gandapur, are pictured in the KP assembly in Peshawar, Pakistan, on October 13, 2025. (KP government)
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Updated 13 October 2025
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Sohail Afridi elected chief minister of Pakistan’s Khyber Pakhtunkhwa province

  • Afridi, a close ally of Imran Khan, wins assembly vote after Gandapur’s resignation
  • Newly elected leader vows to end class and political discrimination in first address

ISLAMABAD: Lawmakers in Pakistan’s northwestern province of Khyber Pakhtunkhwa on Monday elected Sohail Afridi as their new chief minister, replacing Ali Amin Gandapur who resigned last week amid internal reshuffling in the party of former prime minister Imran Khan.

Afridi, the nominee of Khan’s Pakistan Tehreek-e-Insaf (PTI) party, secured a majority in the provincial assembly, which met in Peshawar for the leadership vote. The PTI holds a commanding presence in the 145-member house, making Afridi’s victory a foregone conclusion.

“I thank Imran Khan for getting a person like me, from the middle class, elected as Chief Minister,” Afridi said on X. “I am thanking the tribal Imran Khan. We have to end caste, political discrimination, and the difference between rich and poor.”

The assembly vote followed a week of political maneuvering within PTI after Khan, who remains imprisoned on multiple charges, directed Gandapur to step down amid concerns about governance and the deteriorating security situation in Khyber Pakhtunkhwa. The province, which borders Afghanistan, has witnessed a resurgence of militant attacks by the Tehreek-e-Taliban Pakistan (TTP) and other groups in recent months.

Gandapur, who took office last year after PTI’s victory in provincial elections, was considered one of Khan’s most loyal allies. His removal underscores growing internal recalibration as the party seeks to maintain its hold on Khyber Pakhtunkhwa, its political stronghold since 2013, while facing pressure from the federal government and the military establishment.

Afridi, a legislator from Bara district near the Afghan border, is expected to face significant challenges, including rebuilding provincial finances and curbing cross-border militancy. Analysts say his leadership will be closely watched as a test of PTI’s ability to govern effectively while its founder remains in prison.


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.