Pakistan to receive first purchased batch of China’s CanSino vaccine today 

A man walks in front of chinese vaccine maker CanSino Biologics' building in Tianjin, China, on November 20, 2018. (REUTERS)
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Updated 30 March 2021
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Pakistan to receive first purchased batch of China’s CanSino vaccine today 

  • Planning minister says Pakistan would be getting “bulk vaccine” by mid-April from CanSino from which 3 million vaccine doses would be made
  • Last week Pakistan said it had bought more than 1 million doses of Chinese Sinopharm and CanSino Biologics COVID-19 vaccines

ISLAMABAD: Pakistan’s planning minister Asad Umar said on Tuesday Pakistan would receive its first batch today of the CanSino Biologics coronavirus vaccine purchased from China. 
Last week, Umar said Pakistan had bought more than 1 million doses of the Chinese Sinopharm and CanSino Biologics COVID-19 vaccines, its first purchase from any manufacturer, having previously relied on donations.
“First batch of cansino vaccine procured being received today,” Umar wrote on Twitter. “This is the vaccine in which Pakistan participated in phase 3 trials, which was the first time ever that Pakistan had done so for any vaccine.”

In a separate tweet, Umar said Pakistan would be getting “bulk vaccine” by mid-April from CanSino from which three million vaccine doses would be made: 
“The bulk vaccine received will be formulated, sterilized and packed in Pakistan. For this purpose special equipment has been procured and manpower is being trained.”

Last year Pakistan had participated in the country’s first Phase 3 clinical trial for CanSino’s candidate, Ad5-nCoV, led by the government-run National Institute of Health (NIH) along with pharmaceutical company AJM — the local representative of CanSino.
Pakistan, a country of more than 220 million people, recorded 4,084 new infections in the last 24 hours, with 100 deaths, a three-month record for fatalities.
Also on Monday, President Arif Alvi as well as Defense Minister Pervez Khattak announced they had both tested positive for COVID-19.
Alvi oversaw an annual military parade in Islamabad on March 25, where Khattak was also present. The parade was smaller than in previous years over COVID-19 fears, but some 5,000 people still attended, including senior civilian officials as well as the heads of Pakistan’s armed forces.
Prime Minister Imran Khan was also criticized last week for holding an indoor in-person meeting with cabinet officials while he was still recovering from the virus. On Tuesday, a close aide to the PM said he was fully recovered:


Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.