Pakistan army deployed, continues rescue work to save snow-trapped travelers after 22 killed 

In this photo provided by the Inter Services Public Relations, army troops take part in a rescue operation in a heavy snowfall-hit area in Murree, some 28 miles (45 kilometers) north of the capital of Islamabad, Pakistan, Saturday, Jan. 8, 2022. (AP)
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Updated 09 January 2022
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Pakistan army deployed, continues rescue work to save snow-trapped travelers after 22 killed 

  • Thousands arrived in Murree this week despite authorities’ appeals to postpone plans, snowstorm stranded motorists in freezing cold
  • Rawalpindi police, district administration, Pakistan Army and locals work through Saturday night to rescue people, clear roads

ISLAMABAD: Rescue operations involving the army continued into Sunday morning to evacuate stranded tourists in northern Pakistan where authorities said a day earlier 22 people had died in freezing temperatures while being stranded in their vehicles in the Pakistani hill station of Murree.

The Pakistan Meteorological Department (PMD) had predicted heavy snowfall in Murree and the Galiyat mountainous regions from January 6 to 9. But despite appeals by authorities to postpone plans due to bad weather and roadblocks, tens of thousands of snow-tourists arrived in Murree, 64 km (40 miles) northeast of the capital Islamabad, in the past two days.

On Saturday, the local administration declared Murree “calamity hit,” with long lines of cars stuck in the resort town after a snowstorm made the roads impassable, stranding motorists without food and water in the freezing cold. The Rescue 1122 emergency service announced that 22 people, including nine children, had died.

Prime Minister Imran Khan’s special assistant on communication, Shahbaz Gill, said early Sunday morning that major roads in Murree had been cleared for traffic.

“About 600 to 700 vehicles were evacuated from Murree last [Saturday] night,” Gill wrote on Twitter. “Rawalpindi police, district administration, Pakistan Army men and our locals remained active throughout the night.”

The Pakistan army’s media wing said army engineers’ troops with road clearance machinery were working to clear roads.

“More Than 300 snow affected people including children have been provided medical care by team of army doctors and paramedics. Cooked meal served to more than 1000 stranded people in Jheekagali, Kashmiri Bazar, Lower Topa and Kuldana,” the military said, adding that stranded people had been accommodated and provided shelter with hot meals and tea at various military rescue centers set up in the area. 




In this photo provided by the Inter Services Public Relations, army members take part in a rescue operation in a heavy snowfall-hit area in Murree, some 28 miles (45 kilometers) north of the capital of Islamabad, Pakistan, Saturday, Jan. 8, 2022. (AP)

On Friday evening, the Islamabad administration announced it was closing the roads leading to Murree for the rest of the weekend “in public interest.”

For hours overnight and well after daybreak on Saturday, thousands of cars lined the snow-clogged roadway as their drivers grew increasingly desperate about their predicament and exasperated by what appeared to be a slow response by authorities.




In this photo provided by the Inter Services Public Relations, army members take part in a rescue operation in a heavy snowfall-hit area in Murree, some 28 miles (45 kilometers) north of the capital of Islamabad, Pakistan, Saturday, Jan. 8, 2022. (AP)

Authorities in Rawalpindi, which is adjacent to Islamabad, said on Saturday over 23,000 stranded vehicles had been already evacuated from Murree and around 1,000 were still stranded.

A strong westerly wave entered Pakistan’s western and upper parts earlier this week, producing rain and snowfall. It is forecast to grip the areas until Sunday.


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.