Pakistan’s diplomatic mission in war-torn Sudan starts evacuating nationals to Saudi Arabia

A convoy leaving Khartoum advances on a road towards Port Sudan, on April 23, 2023, as people flee the battle-torn Sudanese capital. (Photo courtesy: AFP)
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Updated 23 April 2023
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Pakistan’s diplomatic mission in war-torn Sudan starts evacuating nationals to Saudi Arabia

  • The country’s embassy in Khartoum is sending Pakistani nationals to Port Sudan before transporting them to Jeddah
  • Officials in Pakistan, Sudan and Saudi Arabia are playing a vital role in the evacuation process from the African state

LAHORE: Pakistan’s diplomatic mission in Sudan has started evacuating its stranded nationals to Saudi Arabia, said the country’s envoy on Sunday, adding that fighting was expected to continue after a brief ceasefire in the northeastern state of Africa later in the day.

A number of countries around the world are in the process of bringing back their citizens from Sudan after two rival military factions clashed with each other last week on Tuesday.

Saudi Arabia has played a pivotal role in helping other nations rescue their nationals from the African state, with President Joe Biden thanking the kingdom for evacuating American diplomats and their families while calling its help “critical to the success of our operation.”

“We have already dispatched two buses to Port Sudan while eight others are parked at my residence,” Ambassador Meer Behrose Regi told Arab News over the phone. “About five of these 50-seater buses are packed to capacity and ready to move.”

“These people will travel to Jeddah before flying back to Pakistan,” he continued.

Earlier, Independent Urdu reported that a female Pakistani national had already traveled with Saudi nationals to safety on Saturday.

A statement by the kingdom’s foreign ministry also confirmed the Royal Saudi Naval Forces had rescued 91 of citizens along with 66 people belonging to other nationalities, including Kuwait, Qatar, the United Arab Emirates, Egypt, Tunisia, and Pakistan.

Ambassador Regi told Arab News that about 1,300 Pakistanis were in Sudan, though some of them were still not willing to leave the African country. He added the embassy was planning to give them an evacuation deadline.

The envoy also informed that a number of high-profile officials, including the country’s prime minister, foreign secretary, and diplomats in Sudan and Saudi Arabia, were involved in the evacuation process and keeping a close eye on the situation.

He said he was personally going to lead a large batch of Pakistani nationals to Port Sudan.

Last week, the residents of Khartoum and adjoining cities found themselves under siege as the Sudanese army and its powerful paramilitary, the Rapid Support Forces, clashed with each other while striving to take control of the country.

The two sides were allies in the past and worked together to seize power in a 2019 coup.

As tensions increased, however, a power struggle broke out between them, making analysts warn of a nationwide civil war and the international community calling for a ceasefire.


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.