Pakistan rejects Indian media reports of radiation leak, warns against regional arms buildup

The screengrab taken from the press conference of Pakistan’s Ministry of Foreign Affairs shows the foreign office’s spokesperson Shafqat Ali Khan addressing the weekly media briefing in Islamabad on May 16, 2025. (Screengrab/MOFA)
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Updated 16 May 2025
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Pakistan rejects Indian media reports of radiation leak, warns against regional arms buildup

  • Foreign office says India is following ‘hegemonic policy’ by procuring ‘advanced weaponry’
  • It says Pakistan is mindful of the threat and remains ready to deal with any military challenge

ISLAMABAD: Pakistan’s foreign office on Friday dismissed Indian media reports alleging radiation leaks during last week’s conflict between the two nuclear-armed neighbors as “preposterous,” while voicing concern over India’s acquisition of advanced weaponry, calling it a threat to regional stability.

The remarks came amid heightened tensions following a brief but intense military exchange that included missile and drone strikes.

Some Indian media outlets speculated that Pakistani nuclear facilities were compromised during the hostilities, leading to potential radiation leaks.

“What I can say about radiation leakage in Pakistan is that these reports are absurd and preposterous,” foreign office spokesperson Ambassador Shafqat Ali Khan said during his weekly news briefing. “This is part of disinformation and fake news peddled by Indian media, which has distinguished itself recently with blatant lies and fabrication.”

“As a responsible nuclear weapon state,” he added, “Pakistan categorically rejects this irresponsible reporting with the contempt it deserves. India will be well advised to check such manufactured falsehoods and stop the fall of its media to new low.”

Some recent reports have also quoted the International Atomic Energy Agency (IAEA) as saying “no radiation leak or release from any nuclear facility in Pakistan” had occurred, dismissing the Indian media claims as unfounded.

Ambassador Khan also criticized India’s military posture during the news briefing, saying New Delhi’s ambitions were destabilizing the region.

“India is pursuing aggressive, or rather hegemonic policy in the region, and its defense budget reflects that,” he said. “We remain concerned about the acquisition and procurement of advanced weaponry by India which creates security imbalance in the region.”

“At the same time, we remain mindful of the threat,” he added. “We are prepared and we are ready, and our forces remain ready to deal with the challenges.”

The recent India-Pakistan standoff, which lasted several days, saw both nations engage in conventional military operations, including missile and drone strikes.

A ceasefire was brokered and announced on May 10, though the potential for escalation between the two nuclear-armed nations persists.


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.