Pakistan says revamping polio program as virus tally reaches 45 this year

A police officer stands guard as a health worker, right, administers a polio vaccine to a child in a neighbourhood of Peshawar, Pakistan, on October 28, 2024. (AP)
Short Url
Updated 04 November 2024
Follow

Pakistan says revamping polio program as virus tally reaches 45 this year

  • Pakistan and Afghanistan are only two countries where polio remains endemic
  • Pakistan launched this year’s third nationwide polio campaign last month 

ISLAMABAD: The Pakistani Prime Minister’s Focal Person for Polio Eradication, Ayesha Raza Farooq, has said the government is revamping its polio eradication program to make the country free of the virus by mid next year, Radio Pakistan reported on Monday.

Two new wild poliovirus type 1 (WPV1) cases were reported in the northwestern Khyber Pakhtunkhwa (KP) province, the country’s polio program said late Friday, bringing the nationwide tally to 45 this year. So far this year, 22 polio cases have been reported from Balochistan province, 12 from Sindh, nine from KP and one each from Punjab and Islamabad.

“All elements of the [polio] program, including surveillance, communication, and operations, have been revamped,” Farooq was quoted by Radio Pakistan as saying. “The new approach brings together federal, provincial, and district authorities in a coordinated effort to eliminate polio.”

Pakistan and Afghanistan are the only two countries where polio remains endemic. Since late 2018, Pakistan has seen a resurgence of cases and increased spread of poliovirus, highlighting the fragility of gains achieved in the preceding years when cases dropped in 2023 to six, from 20 in 2022 and just one in 2022. Misinformation about vaccinations and attacks by militants on polio teams have been major impediments to immunization campaigns.

At least seven people, including five school students, were killed and 23 injured in a blast in southwestern Pakistan that targeted a polio vaccination team vehicle on Friday, police said. No group has claimed responsibility for the attack. Last Tuesday, a policeman was killed in an attack on a health office that manages door-to-door polio vaccination campaigns.

The attacks have coincided with Pakistan’s third nationwide polio campaign this year, launched last week with the aim to administer vaccine drops to more than 45 million children.


Pakistan regulator amends law to facilitate capital raising by listed companies

Updated 19 January 2026
Follow

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.