Pakistan not bound by nuclear ban treaty — FO

In this file photo, a Pakistani-made Gaznavi missile, capable of carrying nuclear warheads, loaded on a trailer rolls down during a military parade to mark Pakistan's Republic Day in Islamabad, Pakistan, on March 23, 2016. (AP)
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Updated 30 January 2021
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Pakistan not bound by nuclear ban treaty — FO

  • None of the world’s nuclear powers have signed the treaty that prohibits use of nuclear weapons
  • The treaty came into effect earlier this month and has been signed by 86 countries and ratified by 52

ISLAMABAD: Pakistan said on Friday it was not bound by prohibitions spelled out in the nuclear ban treaty, which came into effect earlier this month, in a milestone moment for nuclear arms’ abolitionists.

None of the nine nuclear powers have signed the treaty that bars signatories from developing, testing, producing, manufacturing, acquiring, possessing or stockpiling nuclear weapons or other nuclear explosive devices.

“Pakistan does not consider itself bound by any of the obligations enshrined in this Treaty. Pakistan stresses that this Treaty neither forms a part of, nor contributes to the development of customary international law in any manner,” the FO statement said, and added that the treaty had failed to take on board the “legitimate interests of stakeholders.” 

The treaty is the result of the efforts of the International Campaign to Abolish Nuclear Weapons (ICAN) which has stressed upon the catastrophic humanitarian and environmental consequences of nuclear weapons use. ICAN has said the treaty fills a gap in international law.
Eighty-six countries have signed the treaty on the prohibition of nuclear weapons, whereas 52 have ratified it so far.
But Pakistan said the treaty did not uphold the United Nations General Assembly consensus that the goal of nuclear disarmament would keep in mind the right to security of each state, and added that such an objective could only be achieved through a more universal undertaking that took on board the consensus of all relevant stakeholders.
“It is indispensable for any initiative on nuclear disarmament to take into account the vital security considerations of each and every state,” Pakistan said.
On Thursday, UN Secretary General warned nuclear-armed countries India and Pakistan that any military confrontation between them would be “a disaster of unmitigated proportions” for the world.


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.