The Pakistan Sports Board (PSB) has issued a statement to clarify that there is no recognized Padel Federation affiliated with the Board. This clarification comes after the PSB noticed that some individuals and groups were misusing its name to promote padel-related activities across the country. Specifically, a group claiming to be the “Pakistan Padel Federation” is organizing a National Padel Championship 2026 in Karachi, which has caused confusion among the public.

The PSB has identified that these individuals are falsely claiming that participation in the event could lead to selection for Pakistan’s team for the Asian Games 2026 in Japan. However, the Board categorically states that it has not granted any permission or recognition to anyone to select athletes or represent Pakistan in padel at any international event. The PSB confirms that all such claims are false, unauthorized, and without legal standing.

The PSB is advising athletes and parents to be cautious and not trust such claims. The Board makes it clear that participation in events organized by unrecognized entities will not be recognized or endorsed by the PSB. To verify the authenticity of any sports federation or body, the PSB has directed athletes and the public to visit its official website, where an updated list of affiliated, suspended, and banned federations and bodies is available.

The PSB’s statement aims to protect athletes from being misled and to maintain the integrity of sports in Pakistan. By issuing this clarification, the Board is ensuring that only recognized and authorized entities are allowed to organize events and select athletes to represent Pakistan at international competitions. The PSB’s warning is a reminder to athletes and parents to be vigilant and to verify the authenticity of any sports organization or event before participating. By doing so, the PSB is promoting fair play and transparency in sports, and safeguarding the interests of athletes and the sports community in Pakistan.

The Pakistan Sports Board (PSB) has started scrutinizing hockey clubs ahead of the upcoming Pakistan Hockey Federation (PHF) elections. The move is aimed at ensuring that only genuine and active clubs participate in the electoral process.

As part of the scrutiny process, the PSB has asked all affiliated hockey clubs to provide detailed information about their activities, management, and membership. The clubs are required to submit documents such as their registration certificates, minutes of meetings, and lists of office bearers and members.

The PSB has also formed a committee to verify the information provided by the clubs and to check their credentials. The committee will visit the clubs to assess their infrastructure, training facilities, and overall activities.

The scrutiny process is expected to be completed soon, and the PSB will then finalize the list of eligible clubs that can participate in the PHF elections. The elections are scheduled to take place soon, and the winner will take over the reins of the PHF for the next term.

The PSB’s move to scrutinize hockey clubs is seen as a positive step towards reforming the sport in Pakistan. The PHF has been plagued by controversies and mismanagement in the past, and the PSB’s efforts are aimed at ensuring that only genuine and dedicated clubs are involved in the sport.

The scrutiny process is also expected to help in weeding out fake or dormant clubs that have been affiliated with the PHF in the past. These clubs have been criticized for compromising the integrity of the sport and for not contributing to its development.

The PHF elections are expected to be contested by several candidates, and the winner will face the challenge of reviving Pakistan’s hockey fortunes. Pakistan was once a dominant force in international hockey, but the sport has declined in recent years due to mismanagement and lack of investment.

Overall, the PSB’s scrutiny of hockey clubs is a welcome move that can help in reforming the sport and ensuring that only genuine and dedicated clubs are involved in the PHF elections. The move is expected to have a positive impact on the sport and to help in reviving Pakistan’s hockey fortunes.

India’s upcoming Budget 2026 is expected to introduce significant reforms in the banking sector, potentially through the announcement of a Banking Governance Bill. The Finance Ministry’s primary objective is to strengthen public sector banks by bringing their governance structure in line with that of private banks. This move aims to enhance the overall efficiency and effectiveness of public sector banks, enabling them to compete more effectively with their private counterparts.

The proposed reforms are expected to focus on several key areas, including improved board autonomy, professional management, faster decision-making, and better risk controls. By granting public sector banks greater autonomy, the government hopes to enable them to operate more independently and make decisions quickly, without being hindered by bureaucratic red tape. This, in turn, is expected to lead to more efficient allocation of resources, improved customer service, and enhanced overall performance.

The introduction of professional management is also a key aspect of the proposed reforms. This could involve the appointment of experienced professionals to key positions, such as bank CEOs and board members, to bring in fresh perspectives and expertise. This move is expected to help public sector banks to adopt more modern and innovative approaches to banking, and to better respond to the changing needs of customers and the market.

Furthermore, the proposed reforms are expected to emphasize the importance of better risk controls and governance practices. This could involve the implementation of more robust risk management systems, as well as enhanced regulatory oversight and compliance mechanisms. By strengthening risk controls and governance practices, public sector banks will be better equipped to manage risks and prevent potential crises, ultimately contributing to greater stability and confidence in the banking system as a whole.

Overall, the proposed Banking Governance Bill is expected to have a significant impact on the Indian banking sector, enabling public sector banks to become more efficient, competitive, and responsive to customer needs. By aligning their governance structure with that of private banks, public sector banks will be better positioned to drive economic growth, support businesses and individuals, and contribute to the country’s overall development. The announcement of the Bill in the upcoming Budget 2026 is eagerly awaited, and its implementation is expected to mark a significant milestone in the reform of India’s banking sector.

Veefin Solutions, a leading provider of innovative financial solutions, has announced key strategic leadership appointments at PSB Xchange, a prominent digital exchange platform. These appointments are aimed at driving growth, enhancing customer experience, and expanding the platform’s offerings.

The new leadership team brings a wealth of experience and expertise in the financial and technology sectors. The appointments include:

1. Chief Executive Officer (CEO): A seasoned executive with a proven track record in driving business growth and innovation in the financial services industry.
2. Chief Operating Officer (COO): A highly experienced professional with expertise in operations, risk management, and compliance.
3. Chief Technology Officer (CTO): A technology expert with a strong background in developing and implementing cutting-edge digital solutions.

These appointments are part of Veefin Solutions’ strategy to strengthen PSB Xchange’s position in the market and drive its expansion plans. The new leadership team will focus on enhancing the platform’s capabilities, improving customer experience, and developing new products and services.

The CEO of Veefin Solutions stated, “We are excited to welcome our new leadership team at PSB Xchange. Their expertise and experience will be invaluable in driving growth, innovation, and customer satisfaction. We are committed to providing our customers with the best possible experience and are confident that our new leadership team will help us achieve this goal.”

The new leadership team will work closely with the existing team at PSB Xchange to ensure a seamless transition and to drive the platform’s growth plans. The appointments are expected to have a positive impact on the platform’s operations, customer experience, and overall performance.

PSB Xchange is a digital exchange platform that provides a range of financial services, including trading, investing, and payment solutions. The platform is designed to provide users with a secure, efficient, and user-friendly experience. With the new leadership team in place, PSB Xchange is well-positioned to expand its offerings and strengthen its position in the market.

In conclusion, Veefin Solutions’ strategic leadership appointments at PSB Xchange demonstrate the company’s commitment to driving growth, innovation, and customer satisfaction. The new leadership team brings a wealth of experience and expertise, and their appointments are expected to have a positive impact on the platform’s operations and performance. As PSB Xchange continues to expand its offerings and strengthen its position in the market, it is well-positioned to become a leading digital exchange platform.

PSB, a prominent banking institution, has taken a proactive step to inform its customers about the office opening hours on public holidays. Through its official website, AKM.RU, the bank has published a detailed schedule outlining the working hours of its offices during these special days.

This move is likely to bring convenience and clarity to PSB’s customers, who can now plan their visits to the bank accordingly. By providing this information in advance, the bank is demonstrating its commitment to customer satisfaction and its willingness to adapt to the needs of its clientele.

The publication of office opening hours on public holidays is particularly important, as these days often see a higher volume of customers visiting the bank to conduct various transactions. By knowing the exact hours of operation, customers can avoid unnecessary trips to the bank and plan their activities more efficiently.

It is worth noting that PSB’s decision to publish its office opening hours on public holidays is a testament to the bank’s focus on customer-centricity. In today’s fast-paced digital age, customers expect a high level of service and convenience from their banking institutions. By providing this essential information, PSB is showing that it values its customers’ time and is dedicated to making their banking experience as smooth as possible.

The fact that PSB has chosen to publish this information on its official website, AKM.RU, suggests that the bank is leveraging digital channels to enhance customer engagement and communication. This approach allows customers to access the information they need from the comfort of their own homes, at any time, and eliminates the need for cumbersome phone calls or visits to the bank.

Overall, PSB’s publication of office opening hours on public holidays is a positive development that demonstrates the bank’s commitment to customer satisfaction and convenience. By providing this essential information, the bank is reinforcing its reputation as a customer-centric institution that values transparency and communication. As the banking landscape continues to evolve, it will be interesting to see how PSB and other financial institutions adapt to the changing needs of their customers.

The Pakistan Sports Board (PSB) has announced that the Pakistan Netball Federation (PNF) has failed to provide detailed accounts for the use of government grants totaling Rs. 65 million, which were received during the financial years 2022-2024. The grants were disbursed in two installments: Rs. 32 million in 2022-23 and Rs. 33 million in 2023-24. Despite repeated requests, the PNF did not submit the required financial records, including original receipts, vouchers, invoices, audited statements, and bank records.

As a result, the PSB has imposed a ban on six former office-bearers of the PNF, including the former President, Secretary General, Associate Secretaries, and Treasurer. The banned individuals are prohibited from participating in national and international sports activities. The decision was approved by the Director General of the PSB and has been communicated to all relevant sports bodies, government departments, and national sports federations.

The PSB has warned the PNF that if the complete financial records are not submitted within seven days, stricter action will be taken. This may include the closure or seizure of bank accounts belonging to the federation and its officials. However, the PSB has clarified that the ban can be lifted once the adjustment accounts are submitted, and the PNF will have the right to appeal.

The PSB’s action is aimed at ensuring transparency and accountability in the use of government grants by sports federations. The failure of the PNF to submit the required financial records has raised concerns about the misuse of funds, and the PSB is taking steps to prevent any further irregularities. The outcome of this situation will depend on the PNF’s response to the PSB’s demands, and it remains to be seen whether the federation will be able to provide the required financial records and avoid further action.

PSB Xchange, a leading fintech company, has further solidified its position as India’s embedded finance backbone with the onboarding of 20 new partners across six strategic verticals. This development underscores the company’s commitment to democratizing access to financial services and fostering innovation in the financial sector.

The 20 new partners represent a diverse range of industries, including lending, insurance, wealth management, and e-commerce, among others. By integrating with PSB Xchange, these partners can leverage the company’s robust technology infrastructure and vast network of banking and financial institutions to offer a wide range of financial products and services to their customers.

The six strategic verticals that PSB Xchange has focused on include:

1. Lending: PSB Xchange has partnered with leading lenders to provide access to credit for individuals and small businesses, promoting financial inclusion and economic growth.
2. Insurance: The company has collaborated with insurance providers to offer a range of policies, including life, health, and general insurance, to protect individuals and businesses against unforeseen risks.
3. Wealth Management: PSB Xchange has partnered with wealth management firms to provide investment and savings products, enabling individuals to grow their wealth and achieve their financial goals.
4. E-commerce: The company has integrated with e-commerce platforms to offer payment and financing solutions, enhancing the online shopping experience and driving digital commerce.
5. Neo-banking: PSB Xchange has partnered with neo-banks to provide digital banking services, including account opening, payments, and lending, to underserved segments.
6. Fintech: The company has collaborated with fintech startups to develop innovative financial products and services, promoting innovation and disruption in the financial sector.

By onboarding these 20 partners, PSB Xchange has significantly expanded its ecosystem, enabling it to reach a wider audience and offer a broader range of financial products and services. This development is expected to drive financial inclusion, promote economic growth, and enhance the overall financial well-being of individuals and businesses in India.

Overall, PSB Xchange’s partnerships demonstrate its commitment to building a robust and inclusive financial ecosystem, leveraging technology and innovation to bridge the financial services gap in India. As the company continues to grow and expand its partnerships, it is well-positioned to remain at the forefront of India’s embedded finance landscape.

The University of Lagos has partnered with MoMo Payment Service Bank (MoMo PSB) and Ogata Electric Vehicles to introduce a subsidized transport scheme for students. The scheme offers bus rides for ₦10, a significant reduction from the usual ₦100 fare. To access the subsidized fare, students pay the full fare from their MoMo account and receive an instant refund of ₦90 as cashback. The subsidy applies to the most frequently used routes on campus, ensuring that students enjoy maximum relief.

The initiative aims to make commuting easier and more affordable for students, reducing daily stress factors and making essential services more accessible. MoMo PSB’s CEO, Phrase Lubega, notes that transport should not be an additional burden for students, who already face pressure from academics, projects, and extracurricular activities. The partnership with Ogata Electric Vehicles also promotes the use of electric vehicles, contributing to a greener future and a cleaner campus environment.

The digital payment process has improved operations, reducing cash handling and ensuring a more reliable flow of buses throughout the day. Ogata Transport’s CEO, Henry Eke, emphasizes that the collaboration brings meaningful benefits to students, helping them save money and supporting their financial welfare. The partnership also reflects MoMo PSB’s commitment to providing simple and secure financial services, embedding financial convenience into students’ everyday routine.

In addition to the transport scheme, MoMo PSB has introduced two new affordable data bundles, exclusively available on the MoMo app. The bundles offer 1GB for ₦200 and 2.5GB for ₦500, significantly lower than prices offered on other platforms. This initiative aims to minimize the everyday cost of essential services for students and all MoMo customers, making connectivity more accessible and affordable for everyone.

The initiative has been well-received by students, who describe it as timely, impactful, and a major boost to punctuality, comfort, and energy levels. MoMo PSB’s commitment to student communities and environmental sustainability is evident in this partnership, which promotes the use of electric vehicles and provides affordable financial services. Students can access the subsidized transport scheme and affordable data bundles by downloading the MoMo PSB App or visiting the MoMo PSB social media pages.

The Malaysian Road Transport Department (JPJ) has announced that two new number plate series, “SP” for Sabah and “PSB” for Penang, will be available for bidding on its online auction platform, JPJeBid. The bidding process for the “SP” series will start on December 19 and will run for five days, ending on December 23 at 10pm. The results will be announced on December 24. On the other hand, the bidding period for the “PSB” series started on December 16 and will close on December 20 at 10pm, with the results being announced on December 21.

For those looking to purchase a new car and wanting a unique number plate, bidding on JPJeBid can be a cost-effective way to get the desired plate without having to go through resellers and paying extra fees. To help new bidders, a step-by-step guide is available on how to navigate the JPJeBid platform and increase the chances of getting the preferred number at a reasonable price.

The online bidding process has made it easier and more convenient for individuals to participate in the auction, and bidders will receive the results via email. This eliminates the need for physical presence and allows bidders to participate from anywhere. With the guide and the online platform, bidders can take control of the process and get the number plate they want without relying on third-party services.

It’s worth noting that the bidding process is only available online, and bidders must have a valid account on the JPJeBid platform to participate. The platform provides a transparent and fair way for individuals to bid on number plates, and the results are determined solely by the bidding process. Whether you’re looking for a unique number plate for your new car or just want to try your luck, the JPJeBid platform provides an exciting opportunity to get the plate you want.

The Pakistan Sports Board (PSB) has issued a formal clarification regarding the club registration and election process of the Pakistan Hockey Federation (PHF). This comes in response to recent media reports that suggested the PHF was proceeding with the election process unilaterally. The PSB referred to its earlier directive from November 26, which outlined the framework for PHF elections. This framework includes the formation of an independent Election Commission and scrutiny of clubs through a duly notified Scrutiny Committee under PSB supervision.

The PSB stated that certain announcements made by the PHF, such as initiating an online club registration portal and forming a PHF-controlled scrutiny process, are not in line with the PSB’s directives. The board emphasized that the Election Commission should consist of three members, with two nominated by the PSB and one by the PHF. Additionally, the scrutiny of clubs must be conducted by a committee with representation from the PSB, PHF, provincial associations, and relevant provincial/district sports authorities.

The PSB clarified that the PHF is not authorized to unilaterally conduct any part of the election process, including club registration or elections, without the PSB’s prior approval and compliance with Article 17 of the PSB Constitution. The PHF has been advised to halt all related processes and align any steps with the PSB’s instructions and the Standing Committee’s mandate.

The PHF has been given seven days to submit a written clarification detailing compliance with the PSB’s directives for further examination. This move by the PSB aims to ensure that the election process is conducted fairly and transparently, with the involvement of all relevant stakeholders. The PSB’s directives are intended to prevent any potential irregularities or disputes that may arise during the election process.

Overall, the PSB’s clarification highlights the importance of adhering to established protocols and procedures in the conduct of elections and club registration. By emphasizing the need for cooperation and compliance, the PSB is working to ensure that the PHF’s election process is conducted in a manner that is fair, transparent, and accountable to all stakeholders. The outcome of this process will be crucial in determining the future of hockey in Pakistan and the legitimacy of the PHF’s leadership.

On December 15th, the Director General of the Pakistan Sports Board (PSB), Muhammad Yasir Pirzada, met with the Christian employees of the organization to extend his warm greetings on the occasion of Christmas. During the meeting, Pirzada conveyed his best wishes for peace, happiness, and prosperity to the employees, acknowledging their valuable contributions to the organization. He emphasized the importance of interfaith harmony, mutual respect, and inclusivity in the workplace, highlighting the need for a respectful and supportive environment for employees of all faiths.

Pirzada’s gesture was a demonstration of the PSB’s commitment to promoting unity and national cohesion. He announced a special “eidi” (a traditional gift or bonus) for the Christian employees, which was a thoughtful gesture to acknowledge their hard work and dedication to the organization. The Christian employees were grateful for the recognition and appreciation, and they expressed their thanks to the DG for his kind gesture.

The meeting was a significant event, as it showcased the PSB’s efforts to promote interfaith harmony and inclusivity in the workplace. By acknowledging and celebrating the diversity of its employees, the PSB is setting an example for other organizations to follow. The organization’s commitment to creating a respectful and supportive environment for employees of all faiths is a step towards promoting national cohesion and unity.

The PSB’s initiative is also in line with the vision of promoting unity and national cohesion, as envisioned by the government. By recognizing the contributions of Christian employees and celebrating their festive occasion, the PSB is sending a positive message of tolerance, respect, and inclusivity. The organization’s efforts to promote interfaith harmony and inclusivity are a step towards creating a more harmonious and peaceful society, where people of all faiths can work together in unity and mutual respect.

Overall, the meeting between the DG and Christian employees of the PSB was a heartwarming event that showcased the organization’s commitment to promoting interfaith harmony and inclusivity. The PSB’s efforts to create a respectful and supportive environment for employees of all faiths are a positive step towards promoting national cohesion and unity, and set an example for other organizations to follow.

As of December 11, 2025, a trading plan has been outlined for the Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF, ticker symbol PSB:CA. The plan includes two potential trading strategies: a long position and a short position.

For the long position, the recommendation is to buy near $17.95, with a target price of $18.09. A stop loss has been set at $17.86, which is the price at which the position would be automatically closed if the trade does not go in the expected direction.

For the short position, the strategy is to sell near $18.09, with a target price of $17.95. In this case, the stop loss has been set at $18.18.

It is essential to note that these trading plans are based on data available up to December 11, 2025, 04:08 AM ET, and may not reflect any changes or updates that have occurred since then. The ratings for PSB:CA, as of December 11, are neutral for all terms: near, mid, and long.

The signals for PSB:CA have been generated using artificial intelligence, and more information on these signals is available. A chart for the Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB:CA) can also be accessed for further analysis.

Given the neutral ratings across all terms, it suggests that the ETF is not expected to experience significant volatility or movement in the near, mid, or long term. However, the trading plans outlined provide specific entry and exit points for those looking to take a position in PSB:CA.

As with any trading plan, it is crucial to consider the risks and potential outcomes before making any investment decisions. The stop loss levels are designed to limit losses if the trade does not go as expected, but they do not guarantee that losses will be limited to the specified amount.

Overall, the information provided offers a snapshot of the trading plan and ratings for PSB:CA as of December 11, 2025. It is essential for investors to stay up to date with the latest information and to consult with financial advisors before making any investment decisions.

The Peshawar High Court (PHC) has granted significant interim relief to the Pakistan Sports Board (PSB) by staying the Khyber Pakhtunkhwa (KP) government’s decision to reclaim land from the Board. The court also ordered the immediate reopening of all sealed PSB offices and sports facilities in Peshawar. The decision was made by a two-member bench, comprising Justice Waqar Ahmad and Justice Khurshid Iqbal, after hearing a petition filed by the PSB challenging the provincial government’s actions.

The PSB’s legal advisor, Saif ur Rehman, argued against the sealing of the Board’s premises, and the court reviewed the arguments before suspending the KP government’s decision. The court directed the authorities to unlock the PSB-controlled venues and offices at the Qayyum Sports Complex, which had been sealed by the KP Sports Department on instructions from the provincial authorities. The bench also issued notices to the concerned parties and adjourned the case until January 15.

The dispute arose when the KP government attempted to take possession of the land and sealed multiple PSB-operated facilities, prompting the Board to seek judicial intervention. The PSB had argued that the sealing of its premises was unjustified and would harm the interests of sports in the country. The court’s decision has provided temporary relief to the PSB, allowing it to resume its operations and activities at the Qayyum Sports Complex.

The case highlights the ongoing tensions between the federal and provincial governments over the control of sports facilities and land in Khyber Pakhtunkhwa. The PSB, which is a federal entity, has been at odds with the KP government over the management of sports infrastructure in the province. The court’s decision is a significant development in the case, and the outcome of the hearing on January 15 will be closely watched by stakeholders in the sports community. Overall, the court’s intervention has provided a temporary reprieve to the PSB, but the ultimate resolution of the dispute remains to be seen.

The Indian government has directed the chiefs of public sector banks (PSBs) to closely monitor the top cases pending at the National Company Law Tribunal (NCLT). The move aims to expedite the resolution of these cases and maximize the recovery of bad loans. The NCLT is a quasi-judicial body that deals with corporate insolvency and bankruptcy cases.

The government has identified the top 12 cases pending at the NCLT, which account for a significant portion of the total bad loans in the banking system. These cases involve large corporate debtors who have defaulted on loan repayments, and the banks are seeking to recover their dues through the NCLT.

The PSB chiefs have been asked to personally monitor these cases and ensure that all necessary steps are taken to expedite their resolution. This includes filing replies to the NCLT, providing necessary documentation, and engaging with the resolution professionals appointed by the tribunal.

The government’s directive is part of its efforts to tackle the mounting bad loans in the banking system, which have been a major concern for the economy. The non-performing assets (NPAs) of PSBs have risen significantly in recent years, and the government has been taking various measures to address the issue.

The NCLT has been playing a crucial role in resolving corporate insolvency cases, and the government is keen to ensure that the process is expedited. The tribunal has been handling a large number of cases, and the government wants to ensure that the top cases are resolved quickly to maximize the recovery of bad loans.

The PSB chiefs have been asked to submit a monthly report on the progress of these cases to the Department of Financial Services. The government will also be monitoring the progress of these cases closely and will take necessary steps to ensure that the resolution process is expedited.

Overall, the government’s directive is aimed at ensuring that the top cases pending at the NCLT are resolved quickly and efficiently, which will help in maximizing the recovery of bad loans and reducing the NPAs of PSBs. The move is part of the government’s broader efforts to tackle the bad loan problem and strengthen the banking system.

The Department of Financial Services (DFS) held a review meeting, attended by senior officials, the Insolvency and Bankruptcy Board of India, and top management of state-run banks. The meeting, led by Secretary M Nagaraju, focused on the progress of cases pending at the National Company Law Tribunal (NCLT). The CEOs of public sector banks were instructed to personally monitor the top 20 cases pending for admission and the top 10 accounts pending for resolution at the NCLT.

The secretary emphasized the need for swift action in disposing of cases where resolution plans are pending with the Committee of Creditors (CoC). He urged banks to adopt a strategic approach to streamline and strengthen the Insolvency and Bankruptcy Code (IBC) ecosystem, aiming to maximize value and enhance recoveries. The meeting acknowledged the progress made in cases admitted, resolved, and disposed of outside the IBC.

The secretary stressed the importance of adhering to timelines in the admission of Corporate Insolvency Resolution Process (CIRP) applications and the resolution of cases. Banks were advised to take a coordinated approach in arriving at final decisions on pending resolution plans with the CoC. They were also told to work with their counsels to ensure early admission of pending cases, minimizing delays in filing CIRP applications to expedite the resolution process.

The meeting aimed to enhance the efficiency and effectiveness of the IBC ecosystem, ensuring that banks take proactive steps to resolve pending cases and maximize recoveries. By personally monitoring key cases, CEOs of public sector banks will be able to provide focused attention, enabling the banks to take swift and decisive action. The outcome of the meeting is expected to lead to a more robust and efficient resolution process, ultimately benefiting the banking sector and the economy as a whole. Overall, the meeting highlighted the need for a strategic and coordinated approach to strengthen the IBC ecosystem and improve recoveries.

The Debt Recovery Appellate Tribunal (DRAT) in Chennai has made a significant ruling in a dispute between two banks, Punjab & Sind Bank (PSB) and Catholic Syrian Bank (CSB), over a property mortgaged by M/s. Supreme Chemiplast Pipings Pvt. Ltd. The tribunal upheld the priority of CSB’s mortgage, created in 1994 with the original title deeds, and set aside a sale conducted by PSB under the SARFAESI Act.

The dispute arose when PSB initiated SARFAESI proceedings in 2007 and sold the property to T.N. Rajakumar, despite CSB’s prior mortgage. CSB had attached and sold the same property to S. Ramakrishnan through DRT proceedings, leading to conflicting claims. The core issue before the DRAT was the validity and priority of the two mortgages. PSB and Rajakumar argued that the SARFAESI sale was legally concluded, while CSB contended that its mortgage was the first and only valid one.

The DRAT, chaired by Justice G. Chandrasekharan, observed that an equitable mortgage by deposit of title deeds requires the original documents. The tribunal found that CSB’s mortgage was validly created with the original sale deed, while PSB’s mortgage was created using only a copy of the title deed, which was obtained through misrepresentation. The mortgagor had falsely affirmed that the copy was the original, and PSB had been forewarned about potential fraud but proceeded with the loan anyway.

As a result, the SARFAESI action initiated by PSB on the basis of this defective mortgage was held to be illegal. The DRAT dismissed the appeals filed by PSB and Rajakumar, upholding the sale conducted by CSB in favor of S. Ramakrishnan. This ruling highlights the importance of ensuring the validity and priority of mortgages, particularly in cases where multiple banks have extended loans to the same borrower. It also emphasizes the need for banks to exercise due diligence and verify the authenticity of title deeds before creating a mortgage. The decision is a significant victory for CSB and S. Ramakrishnan, and it provides clarity on the legal principles governing mortgage priority and SARFAESI proceedings.

A group of 50 police officers from the Negros Island Region began their Revitalized Pulis sa Barangay (R-PSB) Training on November 10 at Camp Alfredo M. Montelibano Sr. in Bacolod City. The training program is a flagship initiative of the Philippine National Police (PNP) aimed at bringing peacekeeping and police services closer to remote and conflict-affected communities. The officers are divided into five teams, each comprising ten members, representing different units from Negros Occidental, Negros Oriental, Siquijor, and the Regional Mobile Force Battalion.

The R-PSB program focuses on enhancing community engagement, promoting peace and order, and addressing criminality and insurgency through a collaborative approach. The training is designed to improve the officers’ skills in community-oriented policing, conflict resolution, and peace-building. By participating in this program, the police officers will be equipped to develop proactive and community-based police work, fostering stronger partnerships between law enforcers and residents.

The Philippine National Police views the R-PSB program as a vital component of its commitment to building trust and collaboration with local communities. By strengthening community relationships and addressing the root causes of conflict and criminality, the police aim to create a safer and more peaceful environment for all citizens. The training program is expected to enhance the officers’ competencies in responding to the unique needs and challenges of their respective communities.

The participation of police officers from various units in the Negros Island Region demonstrates the PNP’s dedication to developing a more effective and community-focused approach to law enforcement. The R-PSB program represents a significant step towards achieving this goal, and its success is likely to have a positive impact on the region’s peace and order situation. As the training program progresses, the police officers will be equipped with the necessary skills and knowledge to make a meaningful difference in their communities.

Amjad Gill, the Joint Secretary of Sports for the Ministry of Inter-Provincial Coordination (IPC), has taken on additional responsibilities as the Director General of the Pakistan Sports Board (PSB). This decision was made by the IPC Ministry after the current Director General, Yasir Pirzada, left for Saudi Arabia to participate in the Islamic Solidarity Games 2025.

As a result, Amjad Gill will be overseeing the administrative and operational matters of the Pakistan Sports Board until Yasir Pirzada returns from the event. This means that Gill will be handling the day-to-day operations of the PSB, ensuring that its functions and activities continue uninterrupted during Pirzada’s absence.

The Islamic Solidarity Games 2025 are a significant international sporting event, and Yasir Pirzada’s participation is likely to be an important representation of Pakistan’s sporting interests. The event brings together athletes and officials from Islamic countries around the world, providing a platform for cultural exchange, sportsmanship, and competition.

In the meantime, Amjad Gill’s assumption of the additional charge as Director General of the PSB ensures continuity and stability in the organization’s operations. As Joint Secretary of Sports, Gill already has a deep understanding of the Ministry’s goals and objectives, as well as the workings of the PSB. This familiarity will enable him to hit the ground running and make informed decisions on behalf of the organization.

It is expected that Amjad Gill will work closely with other stakeholders and officials to ensure that the PSB’s activities and initiatives continue to progress smoothly during this period. The PSB is responsible for promoting and developing sports in Pakistan, and Gill’s leadership will be crucial in maintaining the organization’s momentum and achieving its objectives.

Overall, the assignment of additional charge to Amjad Gill reflects the IPC Ministry’s confidence in his abilities and its commitment to ensuring the continued success of the Pakistan Sports Board. With Gill at the helm, the PSB is well-equipped to navigate this temporary transition and emerge stronger and more resilient than ever.

Opposition MP Alvick Maharaj has criticized the government for allegedly using public service broadcasting (PSB) grants as a political tool, rather than upholding their promises of transparency in media funding management. Speaking in Parliament, Mr. Maharaj claimed that the government and the Fiji Broadcasting Corporation (FBC) management have been inconsistent in their approach to PSB funding. He argued that when the current administration was in opposition, they advocated for PSB funding to be treated as a non-revenue grant, rather than a commercial fee, to reflect the company’s true financial state.

However, Mr. Maharaj stated that the latest financial report of the FBC shows that the funding is still being treated as income, despite the government’s reduction in PSB funding. He accused the government of using this accounting classification to gain political mileage, citing the FBC’s reported profit of $555,000 for 2024 as a “milestone achievement” that is misleading. Mr. Maharaj also questioned the distribution of government funding, noting that large, well-established media organizations continue to receive significant funding, while smaller, independent platforms struggle to survive.

He specifically mentioned Duavata News, RonCast, and North FM as examples of independent media outlets that are being left behind. Mr. Maharaj called on the new Minister for Finance to closely scrutinize how taxpayers’ money is being distributed, asking why multi-million-dollar companies are being funded to run government propaganda while new entrepreneurs are being neglected. He argued that this lack of transparency and equity in media funding is a concern that needs to be addressed. Overall, Mr. Maharaj’s criticism highlights the need for greater transparency and accountability in the management of PSB grants and the distribution of government funding to media outlets.

As of November 3, 2025, the Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB:CA) has been analyzed, and trading plans have been generated. For long-term trading, two plans are suggested. The first plan involves buying near $18.09 with a target of $18.24 and a stop loss at $18.00. The second plan involves shorting near $18.24 with a target of $18.09 and a stop loss at $18.33.

The ratings for PSB:CA as of November 3 are neutral across all terms: near, mid, and long. These ratings indicate that the ETF does not show a strong inclination towards either an upward or downward trend in the short, medium, or long term, suggesting stability but lack of clear direction.

The AI-generated signals for PSB:CA are part of an updated analysis, emphasizing the importance of considering the time stamp on the data, as market conditions can change rapidly. The signals are designed to help investors make informed decisions about their investments in the ETF.

For investors looking to trade PSB:CA, understanding the current market conditions and how they might impact the ETF is crucial. The neutral ratings across all terms suggest that the ETF is not experiencing significant volatility or trends, which could indicate a period of stability. However, the trading plans provided suggest there are opportunities for both buying and shorting, depending on the investor’s strategy and risk tolerance.

It’s essential for investors to consult the most recent data and analysis before making any investment decisions. The availability of updated AI-generated signals for PSB:CA indicates that investors have access to dynamic and potentially adaptive investment advice that can reflect changing market conditions.

In conclusion, as of November 3, 2025, the Invesco 1-5 Year Laddered Investment Grade Corporate Bond Index ETF (PSB:CA) presents a neutral outlook across different time frames, with specific trading plans suggested for long-term investment strategies. Investors should stay informed and adapt their strategies according to the latest market analysis and AI-generated signals to navigate the investment landscape effectively.

The Pakistan Sports Board (PSB) has been embroiled in a controversy surrounding alleged cases of dual housing benefits and unauthorized self-hiring payments. An inquiry was launched to investigate several officials, including high-ranking employees, who were accused of availing hostel accommodation while also receiving self-hiring allowances, in clear violation of government housing regulations. The accused officials include Assistant Director Ghulam Taqi Khan, Senior Weightlifting Coach Zeeshan Ahmad, and several others.

A high-level inquiry committee was formed to probe the matter and identify those responsible, with a two-week deadline to submit its report. The committee was tasked with recommending disciplinary action and recovery of unauthorized payments. However, despite the deadline, the report remains incomplete, and no action has been taken against the accused officials. The inquiry was ordered by PSB Director General Yasir Pirzada, who had suspended self-hiring payments to the concerned employees pending the outcome of the probe.

The delay in completing the inquiry has raised concerns over transparency and internal accountability within the PSB. Sources within the organization have confirmed that the report has yet to be finalized, and the issue appears to have been quietly shelved. This has cast doubts on the seriousness of the investigation and the Board’s commitment to financial accountability. The prolonged delay has also led to speculation that the inquiry may have been put on hold to protect certain officials or to avoid embarrassing the organization.

The PSB’s failure to complete the inquiry and take disciplinary action against the accused officials has undermined the organization’s credibility and raised questions about its ability to manage its finances effectively. The incident has also highlighted the need for greater transparency and accountability within the PSB, particularly in relation to the use of public funds. The organization must take immediate action to complete the inquiry and take disciplinary action against those found guilty of violating government regulations.

Deputy Local Government Development Minister Nga Kor Ming has emphasized the importance of the Public Services Board (PSB) in driving smart city development and enhancing the quality of life for citizens. The PSB is a crucial initiative aimed at promoting efficient and effective public services, leveraging technology and innovation to create sustainable and livable cities.

According to Nga, the PSB will play a vital role in driving smart city development by integrating technology, data, and public services to improve the overall quality of life for residents. This includes enhancing public transportation, waste management, and urban planning, among other areas. The PSB will also focus on promoting sustainability, reducing carbon emissions, and creating a more livable environment for citizens.

The deputy minister highlighted that the PSB will work closely with local authorities, private sector entities, and community organizations to develop and implement smart city initiatives. This collaborative approach will enable the sharing of resources, expertise, and best practices, ultimately leading to more efficient and effective public services.

One of the key areas of focus for the PSB is the development of smart transportation systems, which will improve traffic management, reduce congestion, and enhance public safety. The PSB will also work on implementing intelligent waste management systems, which will enable more efficient waste collection and disposal, reducing the environmental impact of urbanization.

Additionally, the PSB will prioritize the development of digital infrastructure, including high-speed internet connectivity, to support the growth of digital economy and facilitate online public services. This will enable citizens to access government services, make payments, and report issues more conveniently, improving overall citizen engagement and satisfaction.

Nga emphasized that the PSB’s initiatives will be people-centric, focusing on creating a better quality of life for citizens. The board will engage with the community to understand their needs and concerns, ensuring that public services are tailored to meet their expectations. By driving smart city development and promoting sustainable urbanization, the PSB aims to create vibrant, livable, and resilient cities that support the well-being and prosperity of citizens.

In conclusion, the Public Services Board is set to play a crucial role in driving smart city development and enhancing the quality of life for citizens in Malaysia. By leveraging technology, innovation, and collaboration, the PSB will work towards creating sustainable, livable, and resilient cities that support the well-being and prosperity of residents. With a focus on people-centric public services, the PSB is poised to make a positive impact on the lives of citizens, driving growth, and prosperity in the country.

A recent development in the elections issue in Pakistan has seen the National Assembly (NA) panel direct the Pakistan Sports Board (PSB) and the Pakistan Hockey Federation (PHF) to hold talks. The move aims to resolve the longstanding issue that has been affecting the country’s hockey scene.

The NA panel, tasked with overseeing the sports sector, has taken a proactive approach to address the crisis. By bringing the two entities to the negotiating table, the panel hopes to find a mutually beneficial solution. The PSB and PHF have been at odds over various issues, including the election of the federation’s officials.

The elections issue has been a major point of contention, with both parties having differing opinions on the matter. The PHF has been insisting on holding elections, while the PSB has been hesitant, citing various reasons. The NA panel’s intervention is seen as a positive step, as it may help to break the impasse and pave the way for a resolution.

The talks between the PSB and PHF are expected to focus on finding a consensus on the election process. The NA panel has urged both parties to approach the negotiations with an open mind and a willingness to compromise. The panel’s direction is likely to be welcomed by the sports community, which has been eagerly awaiting a resolution to the issue.

The elections issue has had a significant impact on Pakistan’s hockey scene, with the sport suffering as a result of the infighting between the PSB and PHF. The country’s national team has struggled to perform at the international level, and the lack of stability has hindered the development of the sport.

The NA panel’s move to resolve the issue is a step in the right direction. By facilitating talks between the PSB and PHF, the panel hopes to create an environment conducive to finding a solution. The success of the talks will depend on the willingness of both parties to compromise and work towards a common goal.

If the talks are successful, it could mark a new beginning for Pakistan’s hockey scene. The resolution of the elections issue could lead to a more stable and organized structure, which would be beneficial for the sport as a whole. The NA panel’s intervention has given hope to the sports community, and it is now up to the PSB and PHF to seize the opportunity and work towards a positive outcome.

The Pakistan Sports Board has imposed a ban on Syed Fakhar Ali Shah, the General Secretary of the Pakistan Federation Baseball, from participating in any sports-related activity. The ban was imposed due to Shah’s repeated violations of the NOC (No Objection Certificate) rule, which requires sports teams to obtain permission from the Pakistan Sports Board before traveling abroad. Shah has been accused of facilitating the departure of teams abroad without obtaining the requisite NOC from the PSB, and has also been found to have submitted a forged NOC purportedly issued by the Ministry of Foreign Affairs.

The matter was referred to the Federal Investigation Agency (FIA) for further investigation, and the PSB has requested all departments, federations, associations, and sports entities not to correspond with or extend any cooperation to Shah. The ban is effective until further orders, and Shah has been given the right to appeal the decision within 30 days.

Shah is a prominent figure in Pakistani sports, having inherited the leadership position of the Pakistan Federation Baseball from his late father. He is also the Vice President of the Baseball Federation of Asia and was recently elected as the President of the South Asia Baseball and Softball Federation. Despite his prominent position, Shah’s actions have been found to be in violation of the PSB’s constitution, and he has been accused of willfully violating the NOC rule.

The PSB’s decision to ban Shah is a significant one, as it highlights the importance of complying with the NOC rule and the need for sports federations to prioritize the safety and well-being of athletes. The NOC rule is in place to safeguard athletes from human trafficking and other illegal activities, and Shah’s repeated violations of this rule have raised serious concerns about his fitness to lead a sports federation.

The ban on Shah is likely to have significant implications for the Pakistan Federation Baseball and the broader sports community in Pakistan. It remains to be seen how Shah will respond to the ban and whether he will appeal the decision. However, the PSB’s actions demonstrate a commitment to upholding the rules and regulations of sports governance and ensuring that sports federations are held accountable for their actions.

PSB, a renowned audio equipment manufacturer, has introduced a space-saving duo designed to deliver high-quality audio without compromising on performance. The PWM Sat and BP7 Subwoofer are the latest additions to PSB’s product lineup, catering to home theater enthusiasts and audiophiles who demand exceptional sound quality in a compact package.

The PWM Sat is a sleek and compact satellite speaker, engineered to provide accurate and detailed sound reproduction. With its slim profile and compact footprint, the PWM Sat can be easily integrated into any home theater setup, making it an ideal choice for those with limited space. Despite its compact size, the PWM Sat boasts impressive audio capabilities, thanks to its advanced driver technology and carefully designed crossover network.

The BP7 Subwoofer is a powerful and compact subwoofer designed to complement the PWM Sat. With its compact enclosure and high-excursion driver, the BP7 Subwoofer delivers deep and authoritative bass response, adding depth and dimension to any home theater experience. The BP7 Subwoofer features a built-in amplifier and advanced crossover controls, allowing users to fine-tune the subwoofer’s performance to their specific listening environment.

Together, the PWM Sat and BP7 Subwoofer form a formidable duo, capable of delivering immersive and engaging audio experiences. The combination of the PWM Sat’s accurate sound reproduction and the BP7 Subwoofer’s powerful bass response creates a sonic landscape that is both detailed and dynamic. Whether used for home theater, music listening, or gaming, the PSB PWM Sat and BP7 Subwoofer are designed to provide a compelling audio experience that belies their compact size.

The PSB PWM Sat and BP7 Subwoofer are designed to be used together, but they can also be paired with other PSB speakers to create a customized home theater system. With their compact size, advanced technology, and exceptional audio quality, the PWM Sat and BP7 Subwoofer are an attractive option for those seeking a high-performance home theater system that won’t dominate the room. Overall, the PSB PWM Sat and BP7 Subwoofer are a space-saving duo that packs a serious audio punch, making them an excellent choice for anyone looking to upgrade their home theater experience.

The Goa Badminton Association (GBA) has partnered with the Padukone School of Badminton (PSB) to create a comprehensive ecosystem for nurturing badminton talent in Goa. The collaboration aims to develop a structured program that will identify and train players from the grassroots level to the elite level. A dedicated administrative setup will be established, with a project manager overseeing the collaboration. The GBA’s new office in Pato will serve as the operational hub for this initiative.

Under the partnership, PSB will lead the technical design, capacity building, and implementation of talent pathways, while the GBA will manage government licensing, access to infrastructure, tournament governance, and mobilize CSR funds to support the programs. The PSB team, led by badminton legend Prakash Padukone, will work with the GBA to roll out the program across Goa.

The initiative emphasizes “badminton for all” and aims to bring the sport closer to communities through indoor and outdoor training at schools and panchayats. Local tournaments will help identify and nurture promising talent, while district and state tournaments will serve as stepping stones to advanced training programs. The GBA plans to set up centers in North and South Goa, in collaboration with the Sports Authority of Goa and the Association of Sports for Young Athletes.

The long-term vision is to establish a full-fledged badminton academy in Goa that attracts players from across India, transforming the state into a hub for high-performance training and competition. Coach development is a central pillar of the plan, with existing Goan coaches participating in “train-the-trainer” and upskilling programs at PSB in Bengaluru. Recruitment of new coaching staff will ensure consistent mentorship across all stages of player development.

The collaboration is expected to build a sustainable badminton ecosystem in Goa, with the appointment of a project manager and the launch of grassroots programs expected within 30 to 45 days. Technology and AI-driven training tools will be introduced to enhance technical and performance analysis for state-ranking and elite players. Prakash Padukone praised Goa’s infrastructure, calling it “one of the best among smaller states in India,” and emphasized the need to channel this infrastructure towards player development. The ultimate goal is to create an academy in Goa that attracts players from all over India, rather than having Goan players leave the state for better training.

Punjab & Sind Bank, a leading public sector bank in India, has launched a premium home loan product called “PSB Apna Ghar Premium”. This product is designed to provide individuals and families with an affordable and convenient way to own their dream homes. The scheme comes with a host of customer-friendly benefits, including attractive interest rates starting at 7.35% and multiple fee waivers.

The PSB Apna Ghar Premium scheme eliminates common charges such as processing fees, inspection fees, and prepayment charges, allowing customers to save significantly and enjoy flexibility in repaying their loans without penalties. Additionally, the scheme offers a 100% locker rent concession as an exclusive lifestyle benefit. This comprehensive and rewarding home loan offering is tailored for salaried professionals, self-employed individuals, and families aspiring to upgrade their lifestyles with affordable financing options.

By removing hidden costs and offering lifestyle-linked benefits, Punjab & Sind Bank continues to strengthen its position as a customer-first institution. The bank’s mission is to provide economic aid to the weaker sections of society, and it prides itself on serving its customers wholeheartedly. With a wide network of branches across India, Punjab & Sind Bank is well-positioned to support individuals and families in achieving their dream of owning a home.

The launch of PSB Apna Ghar Premium is a significant development in the Indian housing finance market, as it offers a unique combination of affordability and convenience. The scheme’s attractive interest rates and fee waivers make it an attractive option for homebuyers, while the locker rent concession adds an extra layer of value. As a public sector bank, Punjab & Sind Bank is committed to serving the needs of its customers and contributing to the growth and development of the Indian economy.

Overall, the PSB Apna Ghar Premium scheme is a significant offering from Punjab & Sind Bank, and it is likely to appeal to a wide range of customers seeking affordable and convenient home loan options. With its customer-friendly benefits and lifestyle-linked advantages, this scheme is poised to make a positive impact on the Indian housing finance market.