British Army chief calls on Pakistani counterpart, discusses regional security issues

British Army chief General Nicholas Yardley Monrad Sanders (2L) meets Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir (R) in Rawalpindi, Pakistan, o nMay 31, 2023. (Photo courtesy: ISPR)
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Updated 31 May 2023
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British Army chief calls on Pakistani counterpart, discusses regional security issues

  • British Army chief arrived in Pakistan this week to discuss military cooperation in response to climate-related disasters
  • General Nicholas Sanders lays floral wreath at Martyrs’ Monument, acknowledges Pakistan Army’s sacrifices against militancy

ISLAMABAD: British Army chief General Nicholas Yardley Monrad Sanders called on Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on Wednesday to discuss regional security issues at the General Headquarters (GHQ) in Rawalpindi, the Pakistani military said. 

Sanders arrived in Pakistan on a five-day visit on Monday to discuss military cooperation in response to climate-related challenges, with the UK High Commission in Islamabad saying his visit is part of a long-standing military cooperation agreement between the two countries.

Pakistan and UK’s militaries cooperate frequently, with many Pakistani officers undertaking training at the UK’s Royal Military Academy Sandhurst, the Advance Command and Staff Course, and the Royal College of Defense Studies. 

During his visit, Sanders laid a floral wreath at the Yadgar-e-Shuhuda (Marters’ Memorial) while a Pakistan Army contingent gave him a guard-of-honor. 

“During the meeting, regional security issues and matters of mutual interest were discussed,” the Inter-Services Public Relations (ISPR) said. 

“The visiting dignitary acknowledged the sacrifices and achievements of the Pakistan Army in the fight against terrorism and efforts for bringing peace and stability to the region,” the military’s media wing added. 

Earlier, Sanders also met General Sahir Shamshad Mirza, Pakistan’s chairman joint chiefs of staff committee at the Joint Staff Headquarters in Rawalpindi, the ISPR said. 


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.