Pakistan interior minister urges Imran Khan’s party to avoid Feb. 8 countrywide protests

Pakistan's Interior Minister and Chairman of Pakistan Cricket Board, Mohsin Naqvi, speaks during a press conference regarding preparation for the upcoming ICC Champions Trophy 2025 cricket tournament, in Lahore, Pakistan, on January 31, 2025. (AP/File)
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Updated 03 February 2025
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Pakistan interior minister urges Imran Khan’s party to avoid Feb. 8 countrywide protests

  • Khan has called on protesters to mark Feb. 8 Pakistan election anniversary as “Black Day” to protest alleged rigging
  • Tri-nation cricket series involving South Africa, New Zealand and Pakistan will kick off in Lahore from Feb. 8

ISLAMABAD: Interior Minister Mohsin Naqvi this week urged former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party to avoid protesting on Feb. 8, the same day a tri-nation series involving international cricket teams from South Africa and New Zealand is to kick off in the eastern city of Lahore. 

Khan’s party has called on thousands of his supporters to mark the one-year anniversary of Pakistan’s controversial Feb. 8, 2024 general election as a “Black Day.” The former prime minister has urged people from all walks of life to hold protests in their respective cities against alleged rigging on Feb. 8. 

Last year’s polls were marred by a countrywide shutdown of cellphone networks and delayed results, leading to widespread allegations of election manipulation by the PTI and other opposition parties. The caretaker government and the Election Commission of Pakistan (ECP) denied the allegations. The US House of Representatives, as well as European countries, have called on Islamabad to open a probe into the allegations — a move that Pakistan has thus far rejected.

Pakistan is set to host New Zealand and South Africa for a tri-nation cricket series starting Feb. 8-14 in Lahore and Karachi. The matches on Feb. 8 and 10 will be held in Lahore. Pakistan will then host the eight-nation Champions Trophy cricket tournament from Feb. 19-Mar. 9 in Lahore, Rawalpindi and Karachi. 

“Like before we will request them not to do this [Feb. 8 protest],” Naqvi told reporters at a press conference in Lahore on Saturday. 

“I did this before too when they started giving dates for the Nov. 26 [protests]. If they don’t [call off the protest] then...,” Naqvi paused abruptly without finishing the sentence, hinting the government would take action. 

The interior minister was referring to the party’s November protests last year in which thousands of Khan supporters arrived in the capital, threatening to demand his release from prison. The government says four troops were killed in clashes, a charge the PTI denies and says scores of its workers were also killed.  

Khan’s ouster in a parliamentary no-trust vote in 2022 has plunged Pakistan into a political crisis, particularly since the PTI founder was jailed in August 2023 on corruption and other charges and remains behind bars. 

Khan’s party and the government held talks last month to ease political tensions in the country. However, the PTI ended negotiations in January, saying the government had failed to honor its demands of establishing judicial commissions to probe the protests of May 9, 2023, and November 2024. 


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.