Government accuses ex-PM Khan of making next army chief’s appointment ‘controversial’

The file photo shows Pakistani Chief of Army Staff Gen Qamar Javed Bajwa meeting former Prime Minister Imran Khan in Islamabad, Pakistan, on August 27, 2018. (PID/File)
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Updated 13 September 2022
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Government accuses ex-PM Khan of making next army chief’s appointment ‘controversial’

  • Khan suggested in an interview to extend the term of the current army chief until the formation of new government
  • Defense minister Khawaja Asif says the government will exercise its ‘right’ to appoint the new army commander

ISLAMABAD: A senior government minister said on Monday Pakistan’s former prime minister Imran Khan was trying to make the appointment of the next army chief controversial after the ex-premier suggested to extend the term of the current army commander until the formation of a new government in the country.

Khan has been seeking fresh elections in Pakistan since his ouster from power in a no-confidence vote in April. He has also refused to accept the legitimacy of the current coalition government, saying it was brought into power after his administration was brought down by international powers that resented its independent foreign policy.

The former prime minister also discussed the army chief’s appointment in a recent political rally where he told his followers the government wanted to bring in its “favorite” candidate to protect itself from corruption cases.
He also maintained that a “strong and patriotic” army chief would ask the top leaders of the ruling coalition about their ill-gotten wealth.

“Imran Khan is trying to make the appointment of the army chief controversial under a well thought out strategy,” defense minister Khawaja Muhammad Asif told Geo News while responding to a recent statement of the ex-premier over the issue. “It is our right to appoint the army chief and we will exercise it.”

Asif maintained that Pakistan was facing plenty of challenges, including the devastation caused by floods, adding it was not right to raise the issue at such a critical junction.

Earlier, Khan gave a lengthy interview to Dunya News wherein he reiterated that the current administration should not be allowed to appoint the new army chief in November.

Asked if he was suggesting that General Qamar Javed Bajwa should get an extension until the formation of the next government, he said: “I have not thought about it in detail.”

However, he maintained it was possible to find some legal provision to deal with the issue.

“I don’t know what lawyers and constitutional experts say about this,” he said when the anchor asked him for a clear answer. “All I am saying is that the country is facing extraordinary circumstances.”

Khan maintained the politicians running the current administration could appoint the army chief if they managed to win free and fair elections and returned to power.


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.