In this paper, we point out that Libert and Quisquaters signcryption scheme cannot provide public verifiability. Then we present a new identity based signcryption scheme using quadratic residue and pairings over elliptic curves. It combines the functionalities of both public verifiability and forward security at the same time. Under the Bilinear Diffie-Hellman and quadratic residue assumption, we describe the new scheme that is more secure and can be somewhat more efficient than Libert and Quisquaters one.