Pakistani president denies brokering political ‘deal’ in veiled reference to ex-PM Khan, army

President of Pakistan Dr Arif Alvi addresses a joint session of Parliament in Islamabad, Pakistan, on October 6, 2022. (@NAofPakistan/Twitter)
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Updated 07 October 2022
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Pakistani president denies brokering political ‘deal’ in veiled reference to ex-PM Khan, army

  • Widespread reports in local media said president arranged meeting between ex-PM, top military officials
  • Separately, in address to joint sitting of parliament, Alvi calls upon political parties to end “polarization”

ISLAMABAD: Pakistani President Arif Alvi on Thursday denied “brokering” a deal with sparing political factions, in a veiled reference to ex-PM Imran Khan and top military officials, saying he had always tried to “bring people closer” in his own capacity, state-run Associated Press of Pakistan (APP) reported.

Widespread reports in local media have recently said the president had arranged a meeting between Khan and top army officials, including army chief General Qamar Javed Bajwa.  

Neither has confirmed the meeting. 

In an interview last week, Khan responded to the reports of the meeting by saying he “did not want to lie and cannot tell the truth.” 

“I am not a broker. I only make efforts to bring people closer,” Alvi was quoted as saying by the APP during an interactive session with journalists at the Presidential Palace.

When asked whether he had played a role in mending fences between top government officials and Khan, Alvi said: “Even in conflict within a family, people contribute on their part to sort things out. This is never an easy job.” 

Separately, in an address to a joint sitting of the parliament today, Thursday, Alvi called upon political parties in Pakistan to end “polarization” in the country and set a date for fresh general elections in the country.  

“This is the year of election and if there is polarization, we must resolve it,” he said. “We have an entire year. If the difference [over election date] pertains to only a few months, then after talking to each other and satisfying one another, you can decide a date for elections,” the president added.  

Reiterating his stance, Alvi urged parliament to end polarization “for God’s sake.” 

“Without letting go of rigidity, polarization can never come to an end,” he added.  

Ousted in a parliamentary vote of confidence in April, former PM Khan has accused Washington of backing a campaign to oust him from office and blamed the incumbent government for being part of the “foreign conspiracy.” He has demanded early elections in Pakistan.  

Washington and PM Sharif have both denied the allegations. Khan has threatened to launch a long march to Pakistan’s capital, Islamabad, and force the government to announce an early date for general elections.  

Sharif has rejected Khan’s demands and vowed elections will be held as per schedule next year. His government has warned Khan against marching to the capital, threatening to take stern action against him and his supporters.


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.