KP Governor Directs Bank of Khyber to Propose Student Scooter Financing

What Happened

During a high-level meeting held on Thursday, November 5, 2026, Khyber Pakhtunkhwa Governor Faisal Karim Kundi directed the Bank of Khyber (BoK) to introduce a dedicated financing scheme for students to purchase scooters on easy installments [1, 2]. The Governor instructed the bank management to finalize the design of this scheme, which must include specific eligibility criteria, an installment structure, and repayment terms [1]. A concrete proposal for the student scheme is to be presented at the next meeting [1].

In addition to the student financing proposal, the Governor issued the following directives to the Bank of Khyber:

• Upgrade the existing mobile banking application on a fast-track basis to provide faster, simpler, and more reliable digital banking services across the province [1, 2].
• Facilitate the transition of agricultural tube-wells to solar power to address prolonged electricity load-shedding [1, 2].
• Expand the bank’s outreach into the merged districts [1].
• Ensure new financing products reach intended beneficiaries with maximum transparency and minimum paperwork [1].

Officials at the meeting provided updates on the bank’s performance and outlined timelines for both the mobile application upgrade and the launch of the student scooter scheme [1]. The meeting included several high-level attendees, including Adviser on Finance Tariq Mahmood Pasha, Additional Chief Secretary Planning and Development Islam Zeb, and BoK Managing Director Hassan Raza [1, 2, 3].

Other proposed financing products discussed during the briefing included:

• The Ubharta Naujawan scheme for youth [1, 2, 3].
• Agricultural Solarization [1, 2, 3].
• Khushhal Kisan [1, 2, 3].
• Industrial financing packages [1, 2, 3].
• A two-phase home solarization programme, which covers the merged districts [1, 2, 3].

Who Is Affected

• Students enrolled in universities and other educational institutions are the intended beneficiaries of the proposed scooter financing [1, 3].
• Farmers in Khyber Pakhtunkhwa are targeted for financial support and solarization assistance [1, 2].
• Entrepreneurs and young people are identified as priority groups for easy-term credit [1, 2].
• Residents in the province’s merged districts are included in the home solarization programme and are targets for expanded bank outreach [1, 2, 3].
• Bank of Khyber customers across the province are expected to benefit from upgraded digital banking services [1, 2].