Olympic gold medalist Arshad Nadeem gets Pakistan’s Hilal-i-Imtiaz award

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Pakistan President Asif Ali Zardari (right) awards Hilal-e-Imtiaz award to Olympic gold medalist Arshad Nadeem (left) in Islamabad, Pakistan on August 29, 2024. (President Office)
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Olympic gold medalist Arshad Nadeem (second right) calls on President Asif Ali Zardari in Islamabad, Pakistan on August 29, 2024. (President Office)
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Updated 29 August 2024
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Olympic gold medalist Arshad Nadeem gets Pakistan’s Hilal-i-Imtiaz award

  • Nadeem made history at the Paris Olympics by setting a new record for the longest javelin throw 
  • His triumph is all the more impressive since Nadeem was born poor, trained in wheat fields with homemade javelins

ISLAMABAD: Arshad Nadeem on Thursday received the Hilal-e-Imtiaz, the second-highest civilian award of Pakistan, for making history at the Paris Olympics by setting a new record for the longest javelin throw and winning a gold medal for his country.

Nadeem’s triumph is seen by Pakistanis, struggling with an economic crisis and rising militancy, as all the more impressive since he was born and raised in a mud brick house in an impoverished corner of rural Punjab and as a young man trained in wheat fields with homemade javelins.

Nadeem, who compared his Olympic clash with India’a Neeraj Chopra to the two nations’ legendary rivalry in cricket, has previously said it is challenging being a non-cricket athlete in Pakistan, where resources and facilities for his sport are scarce.

But now his record-breaking 92.97 meter javelin throw in Paris has earned Pakistan its first Olympic medal since the 1992 Barcelona Games and its first gold medal since the 1984 Los Angeles Games.

“President Asif Ali Zardari has conferred Hilal-i-Imtiaz upon Olympic Gold Medalist Arshad Nadeem in recognition of his outstanding achievement in Paris Olympics-2024,” Radio Pakistan reported. “The award was given at a special investiture ceremony in Islamabad today [Thursday].”

Nadeem, 27, married with two children, comes from a poor family of eight children in the central Pakistani region of Khanewal, where he first began to dream of Olympic greatness.

His district barely had reliable water and electricity supplies, let alone proper sports facilities for him to train.

“I am thankful to God almighty. I thank my parents and Pakistani nation,” Nadeem said as he returned home from Paris to a water canon salute and chants from thousands of supporters. “There is lot of hard work by me and my coach Salman Butt behind this.”


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.