ISLAMABAD: Australia’s David Boon, who is a member of ICC Elite Panel of match referees, will lead the playing control team for this month’s tri-nation one-day international (ODI) series involving hosts Pakistan, New Zealand and South Africa, the Pakistan Cricket Board (PCB) said on Saturday.
The single league tri-series is set to be played from Feb. 8 till Feb. 14 in Lahore and Karachi as the newly upgraded Qaddafi Stadium and National Bank Stadium are set to welcome back international cricket, according to the PCB.
Pakistan will take on New Zealand in the much-anticipated opening match on Feb. 8 at the Qaddafi Stadium. England’s Michael Gough, member of the ICC Elite Panel of Umpires, and Pakistan’s Faisal Khan Aafreedi, an ICC International Panel Umpire, will be the on-field umpires.
“ICC Elite Panel Umpire, Richard Illingworth will be the third umpire and Rashid Riaz, member of the ICC International Panel of Umpires, will be the fourth umpire,” the PCB said in a statement.
Qaddafi Stadium will also feature the New Zealand vs South Africa contest on February 10, where Illingworth and Riaz will serve as the on-field umpires, while Gough will be the third umpire. ICC’s International Panel of Umpires’ member Asif Yaqoob will be the fourth umpire for the fixture which is set to be played as a day game.
The action will move to Karachi’s National Bank Stadium for the last league match and the final of the tri-series. Yaqoob and Gough will form the on-field umpires’ duo, while Illingworth and Aafreedi will be the third and fourth umpires, respectively for the Pakistan vs South Africa fixture in Karachi.
In the final on February 14, ICC Elite Panel Umpire Ahsan Raza will officiate as an on-field umpire along with Illingworth, while Gough will be third umpire. Yaqoob will perform duties as the fourth umpire in the final.
The tri-nation series will be followed by the Champions Trophy tournament, which would also be hosted by Pakistan.
ICC appoints Boon, Gough and Illingworth for tri-series ODIs in Lahore and Karachi
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ICC appoints Boon, Gough and Illingworth for tri-series ODIs in Lahore and Karachi
- The single league tri-series is scheduled to be played from Feb. 8 till Feb. 14 in Lahore and Karachi
- Pakistan’s Qaddafi Stadium, National Bank Stadium are set to welcome back international cricket
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.
