Pakistan lab expects Sputnik V doses for commercial sale in a week 

A medical worker shows a package of Russia's Sputnik V (Gam-COVID-Vac) vaccine against the coronavirus disease in Bolivia on January 29, 2021. (AFP/File)
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Updated 14 February 2021
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Pakistan lab expects Sputnik V doses for commercial sale in a week 

  • Sputnik V is one of four vaccines approved for emergency use in Pakistan
  • Despite concerns over fairness and higher prices, Islamabad agreed this week to allow the commercial import and sale of vaccines without price caps 

ISLAMABAD: A Pakistani lab will soon receive Russia’s Sputnik V COVID-19 vaccine for commercial sale, a company official said on Sunday, making Pakistan one of the first countries to market shots privately as it scrambles to secure supplies.
Despite concerns over fairness and higher prices, Islamabad agreed this week to allow the commercial import and sale of vaccines without price caps, in contrast to most countries, which are importing and administering vaccines through government channels.
“We are told the first shipment is expected within the next week,” Chughtai Lab director Omar Chughtai told Reuters, adding it would be receiving several thousand doses.
Pakistan’s decision to allow private sales of vaccine without a price cap in a lower-income country of 220 million people faces criticism.
Former health minister Zafar Mirza, while praising government efforts to procure and distribute free vaccine, said that avoiding a price cap for private sales “will deepen inequality in society at a time when there is a need to have widespread coverage.”
The government launched a vaccination drive this month with 500,000 doses of the Sinopharm vaccine donated by longtime ally China. But aside from the donated Chinese doses, Islamabad has not completed any deals to buy vaccines.

PRICES WILL ‘APPEAR INFLATED’
Sputnik V is one of four vaccines approved for emergency use in Pakistan, in addition to those by China’s Sinopharm and CanSinoBio, and the AstraZeneca-Oxford University shot.
Chughtai Lab aims to import the others as well, but Sputnik V was the first to become available, Chughtai said.
Health Minister Faisal Sultan told Reuters in a message he was “not directly aware” of the deal.
Chughtai declined to specify import costs or prices but said the price would “appear inflated” compared to what has been reported for Sputnik V globally, given the smaller volume it was planning to sell relative to global procurement.
Sputnik V’s developers have said the two-dose vaccine would be sold at $10 per dose.
“Internationally there is very high demand, and I would not be surprised if the price points are higher today,” Chughtai said, adding that prices will come down over the next three to four months as more vaccine becomes available.
“The biggest challenge around the vaccines globally right now is allocation to specific countries,” he said.
Chughtai said his Lahore-based pathology lab had turned down “grey market” offers from people in various countries who had “extra vaccine” not officially meant for re-export.
The lab is importing Sputnik V through Pakistani firm Ali Gohar Pharmaceuticals Pvt and the Russian Direct Investment Fund, which is responsible for marketing the vaccine abroad.
Chughtai said he expected an official government decree in the next two days specifying rules on inoculations by the private sector, including on registration of recipients. The company expects to receive shipments every four to five days. 
 


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.