ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday launched a week-long anti-polio vaccination campaign in 115 districts across Pakistan, Sharif’s office said, amid an outbreak of the virus in the South Asian country.
Pakistan has reported 17 cases of polio virus so far this year, with the last one reported in Islamabad this week, according to the national polio program. It was the first human case reported in Islamabad in 16 years.
In view of the “intense outbreak,” authorities decided to launch a nationwide inoculation campaign, aiming to vaccinate 30 million children under the age of five against the debilitating disease.
Under the campaign, which will formally begin on Monday and continue till Sept. 15, around 286,000 anti-polio vaccinators will go door-to-door to administer the vaccine.
“Parents are requested to have children under five years of age administered polio vaccine drops to protect them from a lifelong disability,” Sharif said at the campaign launch in Islamabad.
He expressed gratitude to Pakistan’s partners and international organizations for cooperating with his government in efforts to eliminate the virus.
“I am hopeful that the federal government will succeed in the complete elimination of polio from the country in collaboration with provincial governments and its partners,” Sharif said.
Pakistan earlier this year reported 12 polio cases from Balochistan, three from Sindh and one from Punjab.
Polio has been eliminated in developed nations but persists in parts of India, Nigeria, Afghanistan and Pakistan, and has recently been reported in Gaza.
Many Pakistanis, particularly those residing in the conservative tribal areas, consider polio vaccination a Western campaign aimed at sterilizing the country’s population. In 2012, the local Taliban had ordered a ban on immunization against polio in some tribal districts.
Nearly a dozen policemen have been killed this year while on security duty during vaccination campaigns, which are frequently targeted by militants.
Pakistan PM launches week-long anti-polio drive in 115 districts amid virus outbreak
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Pakistan PM launches week-long anti-polio drive in 115 districts amid virus outbreak
- Polio has been eliminated in developed nations but persists in parts of India, Nigeria, Afghanistan and Pakistan
- Pakistan has reported 12 polio cases from Balochistan, three from Sindh and one each from Punjab and Islamabad
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.
