At least two killed in attack on aid convoy in sectarian clashes-hit Pakistani district

Police personnel fire tear gas shells to disperse Shiite Muslim protesters during a demonstration in Karachi on December 31, 2024, to condemn sectarian clashes in Pakistan's Kurram district, bordering Afghanistan. (AFP/File)
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Updated 17 February 2025
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At least two killed in attack on aid convoy in sectarian clashes-hit Pakistani district

  • This was third such attack targeting aid convoys sent to the restive Kurram district in Pakistan’s northwest
  • The attack came as authorities announced March 23 as deadline to dismantle all bunkers used by rival tribes

ISLAMABAD: At least two people were killed in an attack on a convoy carrying essential supplies to a volatile district in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province which has been the site of sectarian and tribal clashes over the last three months, police and health officials said on Monday.
Kurram, a tribal district of around 600,000 where federal and provincial authorities have traditionally exerted limited control, has frequently witnessed violence between its Sunni and Shiite communities over land and power. Travelers to and from the area often ride in convoys escorted by security officials.
Fresh feuding began on Nov. 21 when gunmen ambushed a convoy and killed 52 people, mostly Shiites. The assault triggered road closures and other measures that have disrupted people’s access to medicine, food, fuel, education and work and created a humanitarian crisis in the area, where authorities say at least 150 people have been killed in nearly three months of clashes.
Monday’s ambush was the third such assault in Kurram since January, in which unidentified men attacked vehicles carrying relief goods near Charkhel Ochat, Bagan and Mindori areas when they were en route to Parachinar, the main town of the district, according to Kurram police official Yaqoob Khan.
“Two persons have been killed and five others are confirmed injured,” Dr. Rahim Gul, medical superintendent at the Sadda tehsil headquarters hospital, told Arab News.
Police official Khan said the number of the wounded could be higher than reported as the areas where the convoy was attacked is a remote and inaccessible region.
Previous attacks on aid convoys and crossfire between rival tribes have injured two senior administration officials and a number of security men as well as drivers of vehicles carrying supplies.
“Khyber Pakhtunkhwa cabinet has taken strict notice of the attack on a convoy in Kurram,” KP government spokesman Muhammad Ali Saif said in a statement.
“Some miscreants are making nefarious attempts to disrupt peace. Chief Minister Ali Amin Gandapur has directed to take strict action against the miscreants.”
The attack came as the KP government announced March 23 as the deadline to dismantle all bunkers in the Kurram district. It followed a provincial cabinet meeting, presided over by KP Chief Minister Ali Amin Gandapur, during which officials briefed participants about various measures taken by them to restore peace to the volatile district, including the demolition of bunkers used by rival tribes to attack each other.
“So far, 151 bunkers have been demolished,” KP CM’s office quoted officials as telling the cabinet members. “The deadline for demolishing all bunkers in the area has been set for March 23.”
The warring tribes had agreed on the demolition of bunkers and handover of heavy weapons as part of a peace agreement reached on Jan. 1, but sporadic violence has continued and both sides have occasionally engaged in battles with machine guns and heavy weapons that have isolated the remote, mountainous region.
Shiite Muslims dominate parts of Kurram, although they are a minority in the rest of Pakistan, which is majority Sunni. The main road connecting Parachinar, the main town in Kurram, to the provincial capital of Peshawar has been blocked since sectarian fighting began in November.
Authorities have also been evacuating the injured and ailing from Kurram to Peshawar via helicopters since last month.
“So far, 153 flights have been conducted by two provincial government helicopters to Kurram and around 4,000 people have been provided air transport facility through these flights,” officials told the provincial cabinet.
“To overcome the shortage of essential medicines, 19 thousand kilograms of medicines have been delivered to Kurram so far.”


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.