COVID-19 vaccine campaign to start today in Pakistani PM’s presence

People walk past a sign outside the Khaliq Dina Hall and Library, which has been converted to be used as a vaccination centre, to administering coronavirus disease vaccine, in Karachi, Pakistan February 1, 2021. (REUTERS)
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Updated 02 February 2021
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COVID-19 vaccine campaign to start today in Pakistani PM’s presence

  • Pakistan records lowest one-day rise in coronavirus cases in almost three months
  • On Monday, Pakistan received first batch of 500,000 doses of China’s Sinopharm vaccine as a gift

Islamabad: Pakistani Planning Minister Asad Umar said on Tuesday the country would kick off its coronavirus campaign today in the presence of Prime Minister Imran Khan.
Pakistan reported its lowest one-day rise in novel coronavirus infections in nearly three months on Tuesday as authorities began to ease restrictions aimed at slowing the spread of the disease, including opening all schools and universities across the country.
1,220 people were found to be infected with the virus in the past 24 hours, the lowest one-day increase in new cases since November 2, when 1,167 infections were detected.
“The corona vaccination campaign will start today in the presence of the Prime Minister and Inshallah the national corona vaccination campaign will start tomorrow in all the provincial capitals,” Umar said in a tweet. “The vaccine will be given to frontline health workers first.”

On Monday, Pakistan received a batch of 500,000 doses of the Sinopharm vaccine from China as a gift. The South Asian nation of 220 million is expected to receive another tranche of 1.2 million doses that Pakistan has pre-booked from China. Pakistan has also secured 17 million doses of AstraZeneca’s COVID-19 vaccine under a global scheme to deliver coronavirus treatments to developing nations.
On Monday, Pakistan resumed in-person classes at primary schools and universities after closing them down for a two-month break in November as a second wave of the COVID-19 disease swept the nation.
The government of PM Khan has ruled out a complete lockdown and used a policy of localized, or smart, lockdowns, with the implementation of safety rules. Khan has repeatedly said Pakistan’s economy cannot afford a complete lockdown and citizens would have to “live with” strict health guidelines.
The country’s last comprehensive lockdown was lifted in May.


Pakistan stock market crosses record 174,000 points during intraday trading

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Pakistan stock market crosses record 174,000 points during intraday trading

  • Pakistan Finance Adviser Khurram Schehzad says stock market’s equity investor base has increased by over 120,000 in last 18 months
  • Official says stock market’s record levels reflect growing investor confidence supported by continued macro stability and key reforms

ISLAMABAD: The Pakistan Stock Exchange (PSX) crossed a record 174,000 points on Monday, Finance Adviser Khurram Schehzad said, marking a strong start to the business week. 

According to the data available on the PSX’s official website, the KSE-100 benchmark reported 174,411.72 points during the intraday trading on Monday morning. 

“Another milestone for Pakistan’s equity market,” Schehzad wrote on social media platform X. “The KSE-100 Index has crossed 174,400 points, marking yet another record high.”

Pointing out the stock market’s achievements this year, Schehzad said the PSX has delivered 50 percent plus returns in US dollar terms to investors since January this year, “making it one of the best markets in Asia.”

He noted that investors’ participation in the PSX is rising fast, adding that the equity investor base has increased by over 120,000 to cross the 450,000 figure in the last 18 months, marking a 37 percent increase. 

“These record levels reflect growing investor confidence, supported by continued macro stability, key reforms, and improving prospects for more sustainable, higher future growth,” he said. 

Pakistan’s stocks have surged in recent years, marking a strong performance this year as Islamabad moves to consolidate its financial recovery after years of economic turbulence, which saw it on the verge of a sovereign default in June 2023. 

Pakistan’s foreign exchange reserves have surged past the $21 billion mark, as per the central bank’s latest data. 

In recent years, the South Asian country has also implemented tough structural reforms under the International Monetary Fund (IMF) loan programs, aimed at reducing fiscal deficits and restoring investor confidence.