ISLAMABAD: A five-day polio eradication campaign will begin in Pakistan’s northwestern Khyber Pakhtunkhwa (KP) province from Apr. 21, Pakistani state media reported on Tuesday, with the drive aimed at vaccinating over 6 million children in the region.
Polio is a paralyzing disease with no cure and multiple doses of the oral polio vaccine, along with completing the routine vaccination schedule for children under five, are essential to provide immunity against the virus.
Pakistan, which has reported six polio cases so far in 2025, planned three major polio campaigns in the first half of 2025, with rounds scheduled for April and May, the Associated Press of Pakistan news agency reported, citing authorities.
“A five-day polio eradication campaign is set to be launched in Khyber Pakhtunkhwa from Apr. 21,” the report read. “According to the provincial health department, more than 800,000 children in the capital city of Peshawar will receive the polio vaccine.”
Over 30,000 teams were formed to participate in the campaign whereas 50,000 police personnel will also be deployed for security purposes, the state news agency reported.
Pakistan’s polio program, launched in 1994, has faced significant challenges, including vaccine misinformation and opposition from some religious hard-liners who claim immunization is a foreign plot to sterilize Muslim children or a cover for Western espionage. Militant groups also frequently attack and kill members of polio vaccination teams.
Last year, Pakistan reported 74 polio cases. Pakistan and Afghanistan are the last two countries where polio remains endemic.
Pakistan to hold five-day anti-polio drive in its northwest starting Apr. 21
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Pakistan to hold five-day anti-polio drive in its northwest starting Apr. 21
- Pakistan has reported six polio cases in the first three months of 2025
- The latest drive aims to vaccinate over 6 million children in the region
Pakistan’s first non-life Shariah-compliant takaful operator says ‘historic’ IPO oversubscribed 21 times
- Pak-Qatar General Takaful Limited offered 30 million shares to investors with ceiling price of Rs14 per share
- Company says IPO proceeds will be used for investments in software, infrastructure, setting up new branches
ISLAMABAD: Pakistan’s first non-life Shariah-compliant takaful operator announced on Thursday that its initial public offering (IPO) was oversubscribed 21 times at the country’s stock exchange, saying the development reflected strong investor confidence in the Islamic insurance system.
The Pak-Qatar General Takaful Limited said earlier this month it would issue 30 million shares with a floor price of Rs 10 and a ceiling price of Rs 14 per share. Institutional investors will receive 75 percent of the shares on offer, while the remaining 25 percent will be allocated to retail investors, it added.
“Pak-Qatar General Takaful Limited’s (PQGTL) IPO book-building has concluded with a historic oversubscription of [21x] times, marking the first-ever IPO of a dedicated General Takaful company at PSX,” the company said in a statement.
It said investors responded “strongly” as the strike price closed at Rs 14 per share, compared to the floor price of Rs 10. Total demand reached Rs 4.74 billion [$17 million].
The company said successful bidders will be provisionally allotted 22.5 million shares while the remaining 7.5 million shares will be offered to retail investors on Jan. 28-29.
Shahid Ali Habib, CEO of Arif Habib Ltd., which was the lead manager for the IPO, said that country’s first-ever IPO of any dedicated general takaful company, has made a historic debut at PSX.
Habib said this reflects investor confidence in Pakistan’s fast-growing takaful sector and PQGTL’s strong market position.
The statement further said proceeds from the IPO will be utilized to fund strategic initiatives, such as investments in software and other intangible assets, hardware and infrastructure, marketing and brand development and human resource enhancement.
Proceeds will also be used to establish new branches and transform existing ones to improve operational efficiency and customer experience, it added.
Pak-Qatar General Takaful Limited is part of Pakistan’s pioneer Islamic financial services group and is backed by Qatar-based financial institutions.
