PM Khan says Pakistan responded to India's accidental missile firing with 'wisdom'

Pakistan Prime Minister Imran Khan speaks to his supporters at a rally in Hafizabad, Pakistan, on March 13, 2022. (Photo courtesy: @PTIofficial/Twitter)
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Updated 13 March 2022
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PM Khan says Pakistan responded to India's accidental missile firing with 'wisdom'

  • The prime minister tells a public gathering in Hafizabad the country is capable of defending itself
  • Khan asks people, state institutions to oppose 'corrupt elements' ahead of no-trust vote against him

ISLAMABAD: Prime Minister Imran Khan said on Sunday Pakistan could have responded differently to an Indian missile that landed in its territory, though it decided to deal with the incident with great "wisdom."

The Pakistani military announced on Thursday it had spotted a supersonic flying object from India that had violated the country's airspace on March 9 before crashing into a civilian area.

The incident was also acknowledged by India that called it an "accidental firing," though Pakistan chastised officials in New Delhi for not informing Pakistan about the launch amid the region's nuclear environment.

Addressing a public rally in Hafizabad city, Khan responded to the development for the first time and said Pakistan was capable of dealing with such threats.

"An Indian missile flew into Pakistan the other day," he told a huge crowd of his party followers. "Pakistan responded with a lot of wisdom, though we could have done something else as well. But let me say this to you today: Our country can defend itself. It is on the right track now, and its economy is also going well."

Focusing on the domestic political issues, Khan urged people and state institutions to stand against "corrupt elements" in the country amid a no-confidence move against him which can bring an end to his administration.

The country's leading opposition parties filed the no-trust motion against him in the National Assembly Secretariat last week, saying they had adequate number of votes to topple the government which had lost its majority in the house and was becoming increasingly unpopular with people.

The prime minister, on the other hand, leveled accusations that opposition factions were offering huge sums of money to lawmakers belonging to the ruling party to vote against him when the motion was presented for voting in the National Assembly.

He said that Pakistanis “should stand with what is good” if they wanted to witness the rise of a great nation.

"When we see renowned people, those who are corrupt, criminals, those facing cases in courts, when these people band together to bring down the state, by using money to buy people, by buying people’s conscience through looted money, then it becomes the responsibility of the state to raise its voice against them," Khan said while making a veiled reference to opposition leaders, adding: "It is the responsibility of the people, the judiciary and election commission [to deal with them]."

Khan said he had been educating the masses for the last 25 years as a political leader to rise against the ill practices of people in power, adding it was the duty of all Pakistanis to stand with justice and fairness.

The prime minister also told people not to worry about the no-confidence motion, saying his government was not going to be dislodged.


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.