India to resume border ceremony with Pakistan

Pakistan’s Rangers soldiers, in black, and Indian Border Security Forces soldiers, lower their flags during a daily closing ceremony at the Wagah border near Lahore, Pakistan, on May 3, 2025. (AP/File)
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Updated 20 May 2025
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India to resume border ceremony with Pakistan

  • For years, the ceremony at the Attari-Wagah border has been a popular tourist attraction on both sides
  • Visitors from both nations come to cheer on soldiers goose-stepping in a chest-puffing theatrical show of pageantry

AMRITSAR: India said Tuesday it would resume a daily border ceremony with neighboring Pakistan which it briefly halted earlier this month following the most serious conflict between the nuclear armed arch-rivals for decades.

At least 60 people died in fighting triggered by an April 22 attack on tourists in Indian-administered Kashmir that New Delhi accused Islamabad of backing — a charge Pakistan denies.

India’s Border Security force said the sunset ceremony on its side would be open to the media on Tuesday and to the general public on Wednesday at the Attari-Wagah land border in the northern state of Punjab.

Pakistan said it never stopped the ceremony, with its troops marching on its side of the border alone.

The ceremony however is expected to be a low-key affair with diplomatic measures against Pakistan still in place, including the closure of the land border.

For years, the ceremony at the Attari-Wagah border has been a popular tourist attraction.

Visitors from both sides come to cheer on soldiers goose-stepping in a chest-puffing theatrical show of pageantry.

The frontier was a colonial creation at the violent end of British rule in 1947 which sliced the sub-continent into Hindu-majority India and Muslim-majority Pakistan.

The daily border ritual has largely endured over the decades, surviving innumerable diplomatic flare-ups and military skirmishes.


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.