ISLAMABAD: Saudi Arabia’s King Salman Humanitarian Aid and Relief Center (KSrelief) on Friday announced the launch of its latest food security initiative in Pakistan, which would benefit more than one million people till Nov. 2025.
The Saudi organization has one of the largest humanitarian budgets available to any aid agency worldwide, which has allowed its officials to undertake a wide variety of projects in more than 100 countries. Since 2005, KSrelief has completed 214 projects worth more than $184.6 million.
The latest project, implemented in collaboration with Pakistan’s national and provincial disaster management authorities, the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) and other key partners, seeks to combat food insecurity and improve nutritional well-being of vulnerable families.
“KSrelief will distribute over (14,000 tons) 147,500 food packages across Pakistan from December 2024 to November 2025,” the Saudi charity said in a statement. “This initiative is set to benefit over 1,032,500 individuals across all provinces, including Gilgit-Baltistan and Azad Jammu & Kashmir.”
The distribution will be carried out under KSrelief’s direct supervision, ensuring transparency and efficiency, according to the charity organization. Beneficiaries will be identified with the assistance of local government authorities to guarantee aid reaches those in greatest need.
“Each food package, weighing 95 kilograms, includes: 80 kg of flour, 5 liters of cooking oil, 5 kg of sugar, 5 kg of Daal Chana,” it said. “These packages are designed to sustain a family for an entire month.”
The initiative highlights Saudi Arabia’s steadfast commitment to supporting Pakistan and its people, according to the charity. It is part of KSrelief’s broader mission to deliver life-saving assistance and relief to communities affected by natural disasters, food insecurity and other challenges, regardless of nationality or religion.
“By addressing critical food needs, KSrelief aims to enhance resilience, foster stability, and improve the quality of life for Pakistan’s most vulnerable communities, reaffirming its role as a global leader in humanitarian efforts,” it added.
KSrelief launches new food security package to support over 1 million Pakistanis
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KSrelief launches new food security package to support over 1 million Pakistanis
- The initiative seeks to improve the nutritional well-being of vulnerable families in the South Asian country
- KSrelief says the project highlights Saudi Arabia’s steadfast commitment to supporting Pakistan, its people
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.
