PM Sharif praises Pakistani peacekeepers’ sacrifice as UN awards eight soldiers posthumously

Pakistan Prime Minister Shehbaz Sharif speaks during a ceremony in Karachi on May 26, 2023. (Photo courtesy: Prime Minister's Office)
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Updated 27 May 2023
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PM Sharif praises Pakistani peacekeepers’ sacrifice as UN awards eight soldiers posthumously

  • UN honored 103 peacekeepers who lost their lives last year at a recent ceremony held in New York
  • Pakistan is one of the largest contributors of troops to the United Nations peacekeeping operations

ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday applauded Pakistani soldiers for their diligent service in United Nations peacekeeping missions in conflict zones around the world, as the world body posthumously awarded prestigious medals to eight of them who lost their lives last year.

Pakistan has a long history of involvement in UN peacekeeping operations since it first started participating in 1960. As one of the largest contributors of troops, Pakistani military personnel have served in missions in Sierra Leone, Somalia, Liberia, Sudan, Côte d’Ivoire, Yemen, and Lebanon.

“In honor of the completion of 75 years of the UN Peacekeeping Mission, Pakistan is proud to be one of the largest contributors to peace missions under the United Nations umbrella,” the prime minister said in a Twitter post. “Pakistani soldiers have rendered excellent services, including making the ultimate sacrifice, in the most complex and dangerous conflict zones. We are proud of our peacekeepers for their unprecedented commitment to duty.”

The UN held a ceremony at its headquarters in New York on Thursday to honor 103 military, police, and civilian peacekeepers, including eight Pakistanis, who lost their lives in the line of duty under its banner last year.

Secretary-General Antonio Guterres laid a floral wreath at the Peacekeepers Memorial before presiding over a medal distribution ceremony.

“I honor the memory of the men and women who have sacrificed their lives serving under the @UN flag in support of the most important cause of all - peace,” he wrote on Twitter. “My deepest sympathies go to their families, friends, and colleagues. Their contributions will never be forgotten.”

Since 1948, more than 4,200 UN peacekeepers have lost their lives in countries worldwide.

In recent years, Pakistan has actively promoted the inclusion of female peacekeepers to help empower local women in conflict zones.


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.