PM Khan’s comments on Kabul reported “out of context”: FO

In this file photo Pakistani Prime Minister Imran Khan (C) arrives to attend the Pakistan Day parade in Islamabad on March 23, 2019. (AFP)
Updated 27 March 2019
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PM Khan’s comments on Kabul reported “out of context”: FO

  • Comments should not be misinterpreted to imply interference in Afghanistan’s internal affairs, says Pakistan
  • Kabul recalled ambassador from Islamabad, terming Khan’s comments as “irresponsible"

ISLAMABAD: Pakistan’s foreign office on Wednesday moved to cool a row between Pakistan and Afghanistan, saying reported comments by Prime Minister Imran Khan that Kabul should set up an interim government to help smooth peace talks with the Taliban were reported “out of context.”

Khan told Pakistani journalists on Monday that forming an interim Afghan government would smooth peace talks between US and Taliban officials since the militant group refuses to speak to the current government, according to comments published in The Express Tribune.

The report sparked a furious reaction in Afghanistan and led to the government recalling its ambassador to Islamabad in protest at what it described as “irresponsible” remarks by Khan.

The foreign office said that Khan’s comments reported were “out of context by the media, leading to unwarranted reactions from various quarters.”

“In his comments, the PM had referred to Pakistan’s model where elections are held under an interim government. The comments should not be misinterpreted to imply interference in Afghanistan’s internal affairs,” the foreign office statement said. “Pakistan has no other interest in Afghanistan but to promote peace through an ‘Afghan owned’ and ‘Afghan led’ political process.”

Afghan President Ashraf Ghani faces a re-election battle this year after his term expires in May. The election has already been postponed twice but they are now due to take place on Sept. 28.

In Pakistan, elections are overseen by a neutral caretaker government appointed a few months before polls.

The foreign office statement said Khan had taken a personal interest in facilitating ongoing peace talks between U.S. and Taliban officials to end the 17-year war. The Taliban considers the Afghan government led by President Ghani illegitimate and has so far refused direct talks.

The statement said Pakistan’s efforts for peace is Afghanistan must not be misconstrued at a crucial stage of the peace process.


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
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Pakistan regulator amends law to facilitate capital raising by listed companies

  • The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue
  • Previously, listed companies were prohibited from announcing a rights issue if the company, officials or shareholders had any overdue amounts

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Companies (Further Issue of Shares) Regulations 2020 to facilitate capital raising by listed companies while maintaining adequate disclosure requirements for investors, it announced on Monday,

The amendments address challenges faced by listed companies when raising further capital from existing shareholders through a rights issue. Previously, listed companies were prohibited from announcing a rights issue if the company, its sponsors, promoters, substantial shareholders, or directors had any overdue amounts or defaults appearing in their Credit Information Bureau (CIB) report.

This restriction constrained financially stressed yet viable companies from raising capital, even in circumstances where existing shareholders were willing to support revival, restructuring, or continuation of operations, according to the SECP.

“Under the amended framework, the requirement for a clean CIB report will not apply if the relevant persons provide a No Objection Certificate (NOC) regarding the proposed rights issue from the concerned financial institution(s),” the regulator said.

The notification of the amendments follows a consultative process in which the SECP sought feedback from market stakeholders, including listed companies, issue consultants, professional bodies, industry associations, law firms, and capital market institutions.

The amendments are expected to enhance market confidence, improve access to capital for listed companies, and strengthen transparency within the rights issue framework, according to the SECP.

“To ensure transparency and protect investors’ interests, companies in such cases must make comprehensive disclosures in the rights offer document,” the regulator said.

“These disclosures must include details of any defaults or overdue amounts, ongoing recovery proceedings, and the status of any debt restructuring.”

The revised regulations strike an “appropriate balance” between facilitating corporate rehabilitation and enabling investors to make informed investment decisions, the SECP added.