Pakistani court bans ‘unlawful protests’ in Islamabad ahead of SCO summit

Supporters of jailed former Pakistani Prime Minister Imran Khan's party, the Pakistan Tehreek-e-Insaf (PTI) throw stones during an anti-government rally in Islamabad, Pakistan, October 5, 2024. (REUTERS)
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Updated 05 October 2024
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Pakistani court bans ‘unlawful protests’ in Islamabad ahead of SCO summit

  • Islamabad High Court says there should be no lockdown situation in the capital during the period of the summit
  • Court order comes in response to a petition by local businessmen who complained about Islamabad’s situation

ISLAMABAD: A Pakistani court issued a brief order in response to a petition on Saturday, saying no “unlawful protest” could be held in Islamabad during the Shanghai Cooperation Organization (SCO) summit.

Pakistan will host the SCO conference in the federal capital on October 15 and 16, with several high-profile foreign dignitaries expected to participate from various regional countries. The government has already deployed the army in Islamabad, whose top officials will oversee the city’s security until October 17.

The Islamabad Capital Territory (ICT) administration has also imposed Section 144 of the Criminal Procedure Code to prevent large gatherings, though former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party has ignored the legal provision while attempting to hold a protest near the parliament building.

“The respondents shall ensure that no unlawful protest is held in ICT that creates situation of lockdown or disrupt peace in ICT during the period of SCO Summit,” Islamabad High Court Chief Justice Aamir Farooq said in his written order.

The petition was filed by local businessmen who said life had come to a standstill in the federal capital, with the PTI trying to protest in the city and the government using shipping containers to block the roads in a bid to prevent the demonstration from taking place.

The court also observed in its order that people could not even access the airport or medical facilities under the circumstances.

Justice Farooq noted the Section 144 had already been imposed in the city, though he asked the Islamabad administration to allocated a place where the PTI could hold its protest.

The PTI has tried to hold the protest for the release of its founding leader, Imran Khan, at the D-Chowk in Islamabad which is located right next to some of the most sensitive government installations in the city.

The ruling administration has also accused the party of resorting to violence against police, adding that its supporters want to sabotage the SCO summit.

 


Pakistan regulator says over 21,600 new companies registered in first half of FY26

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Pakistan regulator says over 21,600 new companies registered in first half of FY26

  • This reflects a 29 percent increase compared to the 16,839 companies that were registered during same period last year, says regulator
  • These incorporations contributed $109.5 billion in paid-up capital, says Securities and Exchange Commission of Pakistan report

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) said this week it registered over 21,600 new companies in the first half of the current fiscal year, reflecting rising investor confidence and positive economic outlook in the country. 

In a report issued on Jan. 6, the SECP said it registered 21,668 companies in the first six months of the current fiscal year, adding that these incorporations contributed Rs30.7 billion [$109.5 million] in paid-up capital. 

The report said this represented a 29 percent increase compared to the 16,839 companies registered during the same period last year.

“Pakistan’s business landscape continues to demonstrate strong momentum, reflecting rising investor confidence and a positive economic outlook,” the SECP report said. 

The SECP said the latest increase has brought the total number of registered companies in Pakistan to 279,724. It said the top ten sectors by incorporations were led by the IT & e-commerce, with 4,277 companies, followed by trading (2,997 companies), services (2,686 companies) and real estate (2,031 companies). 

“This sectoral diversity highlights expanding entrepreneurial activity, particularly in technology-driven and service-oriented industries,” the report said. 

The SECP said foreign investment also remained “robust” during the period, adding that 524 newly incorporated companies received foreign investment amounting to Rs1.26 billion [$4.5 million] with the participation from 731 foreign investors. 

“China emerged as the leading source, accounting for 71 percent of total inflows,” the SECP said. “It was followed by Afghanistan (8 percent), the United States (2 percent), and the United Kingdom, Germany, South
Africa, South Korea, Norway, Vietnam, Nigeria, and Bangladesh, each contributing 1 percent,” it added. 

The SECP said an additional 11 percent of the investment originated from other countries.