Imran Khan’s party moves top court against Pakistan constitutional amendment on judicial reforms

A general view of the Pakistan’s Supreme Court is pictured in Islamabad, Pakistan, on April 6, 2022. (AFP/File)
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Updated 25 January 2025
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Imran Khan’s party moves top court against Pakistan constitutional amendment on judicial reforms

  • Urges top court to declare amendment null and void as votes to pass it were obtained via “harassment”
  • Pakistan’s ruling coalition government says only parliament has power to roll back constitutional amendments

ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party announced on Saturday it has challenged a contentious constitutional amendment on judicial reforms in the Supreme Court, urging the top court to declare it null and void as the government allegedly harassed opposition lawmakers to have it passed in parliament.

The ruling coalition government passed the contentious 26th constitutional amendment bill from both houses of parliament in October 2024, amid stiff resistance from opposition parties and the legal fraternity. Both argued the government’s move was an attempt to curtail the independence of the judiciary, a charge it denies. 

The amendments empower a parliamentary committee to appoint the Supreme Court’s chief justice for a fixed term of three years. It also called for the creation of new group of senior judges to weigh exclusively on constitutional issues. 

The government secured 225 votes of the required 224 in the National Assembly, or the lower house of parliament, with the help of a handful of rebel lawmakers from the PTI. The party has claimed that the government harassed and intimidated opposition lawmakers and their families to secure the votes. The government denies the allegations vehemently. 

“Legal team representing Pakistan Tehreek e Insaf has challenged the 26th amendment in the Supreme Court of Pakistan, requesting to declare its status null & void along with constitutional benches formation & decisions by the judicial bench,” a statement from the party said. 

The PTI alleged that lawmakers were harassed and abducted to ensure the amendments were passed. 

“The 26th amendment was opposed by the party at many levels that publicly criticized the process of pushing through the 26th amendment, with individuals being coerced into voting and genuine consent was not involved,” the PTI added. 

As per a summary of the petition filed in the Supreme Court, the party has maintained that the 26th amendment introduces “unprecedented and substantial” changes to the fundamental structure and salient features of the constitution. 

The development takes place a day after Bilawal Bhutto Zardari, the chairman of the government’s key coalition partner Pakistan Peoples Party, said only parliament has the power to roll back the 26th constitutional amendment. 

“As far as rolling back the 26th [constitutional] amendment is concerned, that power only rests with this institution,” Bhutto Zardari told reporters at the National Assembly, referring to the lower house of parliament. 

“Neither will we accept nor will the nation nor anyone else if the constitution is rolled back or undermined by another institution.”

TENSIONS WITH THE TOP COURT

The amendment fixing the top justice’s retirement age was passed days before Qazi Faez Isa, the then chief justice, was due to retire. 

Khan’s PTI frequently accused Isa of being aligned with the government, its chief rival, an allegation the government has always rejected. Khan’s party repeatedly said the amendments were aimed at granting an extension in tenure to Isa.

Under the previous law, Isa would have been automatically replaced by the most senior judge behind him, currently Justice Mansoor Ali Shah, who consistently issued verdicts deemed favorable to Khan and the PTI.

Sharif’s government has said the bill ensures parliament will not remain “a rubber stamp” one in the wake of its tensions with the judiciary, which were on the rise since the February national election of last year.


Pakistan regulator amends law to facilitate capital raising by listed companies

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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.