Two Pakistani paramilitary soldiers killed in militant ambush in southwest province

Pakistani paramilitary soldiers stand guard in Chaman, Pakistan on July 16, 2021. (AP/File)
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Updated 21 February 2023
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Two Pakistani paramilitary soldiers killed in militant ambush in southwest province

  • In first attack on Tuesday, armed men ambushed a security check post in Mastung district, killing two Levies soldiers
  • In second attack, a policeman was injured during an assault on a police check-post in the border town of Chaman

ISLAMABAD: Two Pakistani paramilitary soldiers were killed and a policeman injured in two separate attacks in Pakistan’s southwestern Balochistan province on Tuesday, officials said.

Balochistan, Pakistan’s largest province by area but most impoverished, has long been the scene of a low-level insurgency by separatist groups seeking independence from the central government in Islamabad. The militant groups accuse the state of depriving Balochistan of its mineral riches for the benefit of other provinces. Pakistan’s civilian and military leadership reject the allegations.

In a latest spate of attacks, armed men ambushed a security check post early on Tuesday in Dringarh, a remote town situated in Mastung district, some 47 kilometers away from the provincial capital of Quetta.

“Two soldiers of the Levis force were killed in an ambush while the terrorists confiscated their weapons and ammunition after attacking the security check-post,” Muhammad Ashraf, a Levis officer told Arab News from the Levis Control Room in Mastung.

“We have initiated an investigation after the attacks and a hunt for the attackers is underway.”

Chief Minister Balochistan Mir Abdul Qudus Bizenjo said Pakistan’s “enemies were attempting to spoil peace in Balochistan.”

Pakistan has variously accused India of funding and providing logistical support to separatist groups in Balochistan, a charge New Delhi denies. Pakistan has also asked Iran to crack down on militants harboring along the long and porous shared border by the two nations. Tehran denies state complicity.

In a separate assault on Tuesday, a policeman was injured during an attack on a police check-point in Chaman, a border town between Pakistan and Afghanistan.

“Two attackers riding on a motorbike attacked the police force,” District Police Officer Killa Abdullah, Muhammad Ali Kasi, told Arab News. “During retaliation, one terrorist was killed and their bike and pistol seized from the spot.”

A policeman injured in the attack was “stable,” Kasi said, and security had been beefed up across the city.

No group has as yet claimed Tuesday’s two attacks, which come as Pakistan has seen a surge in militant activity since November last year when the Pakistani Taliban unilaterally ended a cease-fire with the Pakistani state and announced that it would target security forces across the country.

In Balochistan, however, the TTP is not the most active group and the province is most at threat from separatist and sectarian outfits.


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.