PM welcomes Supreme Court decision to take up journalist Arshad Sharif’s murder case

Senior Pakistani journalist Arshad Sharif poses for photograph prior to recoding an episode of his talk show at a studio, in Islamabad, Pakistan, Dec. 15, 2016. (AP/FILE)
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Updated 06 December 2022
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PM welcomes Supreme Court decision to take up journalist Arshad Sharif’s murder case

  • Sharif was killed in October by Kenyan police in what they called a case of ‘mistaken identity’
  • Court says distressed journalists and public at large had sought judges’ scrutiny of the case

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the decision by the country’s top court to take suo motu notice of the murder of journalist Arshad Sharif, saying the government would fully cooperate in the probe. 

Chief Justice of Pakistan Umar Ata Bandial on Tuesday used Pakistan’s so-called “suo moto” provision — which allows him to take up cases on his own initiative — to set up a bench of five judges to supervise an investigation into the killing of the prominent television journalist in Kenya in October.

Sharif left Pakistan in August over threats to his life and after a slew of court cases related to charges of treason and others were registered against him. He was killed by Kenyan police on the outskirts of Nairobi on October 23, in what police said was a case of “mistaken identity” during the search for a car involved in a child abduction case.

But a two-member Pakistani fact-finding team that visited the East African state subsequently called the killing a “targeted assassination.”

“I welcome Supreme Court taking suo motu notice of the murder of journalist Arshad Sharif ... The government will extend full cooperation to the Court.” PM Sharif tweeted.

The court said it had sought initial responses from the Pakistani foreign office, interior ministry, information secretary and the Federal Investigation Agency (FIA) and Pakistan Federal Union of Journalists (PFUJ).

“The journalist community and the public at large are deeply distressed and concerned about the death of the senior journalist and are seeking the court’s scrutiny of the matter,” the court said in a statement.

Sharif worked for many years as a prime-time television news show host for ARY News in Pakistan. In the last year of his life, he was known to be a harsh critic of the military and a supporter of ex-PM Imran Khan. 

Khan has said Sharif had been murdered for his journalistic work and called for a judicial investigation.


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.