GENEVA: Pakistan, Nigeria and Indonesia will be among the biggest recipients of free Covid-19 vaccines before June — more than 10 million doses each — the Covax scheme announced Tuesday.
Some 238.2 million doses will be distributed around the world by the end of May through the program aimed at boosting access to coronavirus jabs in poorer nations.
Though vaccination campaigns have gathered pace globally, the majority of injections have been administered in wealthier countries while many nations have yet to receive a single dose.
The Covax scheme, which aims to ensure equitable access to Covid-19 vaccines, on Tuesday outlined plans to deliver to 142 countries and territories by May 31, in its first wave of distribution.
The five biggest confirmed recipients are Pakistan (14,640,000 doses), Nigeria (13,656,000), Indonesia (11,704,800), Bangladesh (10,908,000) and Brazil (9,122,400).
They are followed by Ethiopia (7,620,000), the Democratic Republic of the Congo (5,928,000), Mexico (5,532,000), Egypt (4,389,600) and Vietnam (4,176,000).
Iran, Myanmar, Kenya and Uganda are also in line for more than three million doses each.
Overall by the end of May, India is likely to be the biggest recipient of Covax doses, but its allocation was not finalized before the publication of the distribution list on Tuesday.
The Pacific island nation of Tuvalu is meanwhile set to receive the smallest number of doses at 4,800, followed by Nauru and Monaco with 7,200 each.
Covax is co-led by the World Health Organization (WHO), the Gavi vaccine alliance, and the Coalition for Epidemic Preparedness Innovations.
The scheme is aiming to distribute enough doses to vaccinate up to 27 percent of the population in the 92 poorest participating economies by the end of the year, with at least 1.3 billion doses intended to go their way.
“Covax’s mission is to help end the acute phase of the pandemic as soon as possible,” said Gavi chief executive Seth Berkley.
The first wave of deliveries include some 237 million doses of the AstraZeneca/Oxford vaccine, being manufactured in India and South Korea, and another 1.2 million doses of the Pfizer/BioNTech vaccine, which requires special ultra-cold storage.
Both vaccines require two injected doses.
Ghana, Ivory Coast, South Korea, India and Colombia have already received their first deliveries of vaccines through Covax.
Nigeria, Angola, Cambodia all received their first vaccine doses via Covax on Tuesday, with the DR Congo also scheduled for a delivery.
Senegal was set to get its first batch on Wednesday, and some 20 countries in total are due to receive shipments this week.
Ghana received the first flight of Covax AstraZeneca doses on February 24 — and President Nana Akufo-Addo publically took the first shot on Monday.
He said Tuesday it was “imperative” that Africa develops its own vaccine production capacity to facilitate easy and affordable access to doses.
The African Union Commission will host a meeting on April 12 aimed at developing a roadmap for the continent to start manufacturing Covid-19 vaccines.
Some 198 countries and territories are participating in Covax, though not all are in the first wave of distribution.
For the 92 lower- and lower-middle income economies in the scheme, funding is covered through donations.
For richer countries, buying into Covax’s bulk purchases operates like a back-up insurance policy for their own direct deals with vaccine producers.
Some wealthy countries were on the distribution list, with South Korea in line for 2.2 million doses, Canada 1.6 million, Saudi Arabia 1.5 million, Singapore 245,000 and New Zealand 211,000.
Any vaccine being rolled out through Covax requires the WHO seal of approval — so far given to just the Pfizer and AstraZeneca jabs.
Novavax will provide 1.1 billion Covid-19 vaccine doses to Covax, while the facility has also signed deals with Sanofi-GSK, and with Johnson and Johnson.
Covax details rollout of 238 million vaccine doses, Pakistan among biggest recipients
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Covax details rollout of 238 million vaccine doses, Pakistan among biggest recipients
- Covax aims to distribute two billion vaccine doses in poorer nations by the end of the year, some 198 countries and territories are participating
- Five biggest recipients are Pakistan (14,640,000 doses), Nigeria (13,656,000), Indonesia (11,704,800), Bangladesh (10,908,000) Brazil (9,122,400)
Pakistan ‘high priority' economic opportunity for us, Saudi top minister says in Islamabad
- 50-member Saudi delegation with representatives of 30 Saudi companies in Pakistan for investment conference
- Pakistan and Saudi Arabia have been working closely in recent weeks to finalize trade and investment deals
ISLAMABAD: Pakistan is a “high-priority economic investment and business opportunity” for Saudi Arabia, the Kingdom’s Assistant Minister of Investment Ibrahim Al-Mubarak said on Monday, as a two-day Pak-Saudi investment conference kicked off in Islamabad.
A 50-member delegation led by Al-Mubarak arrived in Pakistan on Sunday, comprising some 30 Saudi companies from the fields of IT, telecoms, energy, aviation, construction, mining exploration, agriculture and human resource development.
“To the Saudi government and Saudi companies, Pakistan is considered a high-priority economic investment and business opportunity,” Al-Mubarak said as he addressed the investment summit.
“We believe in the great potential of Pakistan’s economy, demographics and talent as well as location and natural resources.”
Al-Mubarak said this was his second visit to Pakistan in two weeks and many influential leaders from globally renowned Saudi companies were part of his delegation.
“Today, we want to connect you [Pakistan] all to Saudi companies who desire to continue building their international presence, for Saudi Arabia’s ambitions do not stop at our borders and we would like to see Pakistan as one of our leading international partners,” the Saudi official added.
“So, this gathering provides a wonderful opportunity for them [Saudi companies] to develop a deeper understanding of the great opportunities available for investment in Pakistan and to learn about related regulations, requirements, and incentives.”
INVESTMENT PUSH
Pakistan and Saudi Arabia have been closely working in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman last month reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
The Saudi business delegation’s visit comes on the heels of one by Sharif to Riyadh from Apr. 27-30 to attend a special two-day meeting of the World Economic Forum.
On the sidelines of the WEF conference, the Pakistani PM met and discussed bilateral investment and economic partnerships with the crown prince and the Saudi ministers of finance, industries, investment, energy, climate, and economy and planning, the adviser of the Saudi-Pakistan Supreme Coordination Council and the presidents of the Saudi central bank and Islamic Development Bank.
This was Sharif’s second meeting with the crown prince in a month. Before that he also met him when he traveled to the Kingdom on April 6-8. The Saudi foreign minister was also in Pakistan last month, a trip during which Pakistan pitched projects worth at least $20 billion to Riyadh.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as a top source of remittances to the cash-strapped South Asian country. During the first half of the current financial year, bilateral trade between Pakistan and Saudi Arabia was recorded at $2.482 billion, with Pakistan’s exports of $262.58 million and Saudi exports of $2.219 billion.
Saudi Arabia has often come to Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up forex reserves.
As things stand, Pakistan desperately needs to shore up its foreign reserves and is in talks with the International Monetary Fund (IMF) for a new bailout deal, for which it needs to signal that it can continue to meet requirements for foreign financing which has been a key demand in previous loan packages.
Last year Pakistan set up the Special Investment Facilitation Council, a body consisting of Pakistani civilian and military leaders and specially tasked to promote investment in Pakistan. The council is so far focusing on investments in the energy, agriculture, mining, information technology and aviation sectors and specifically targeting Gulf nations.
Pakistan Securities And Exchange Commission approves PIA restructuring
- Pakistan’s national airline has accumulated hundreds of billions of rupees in arrears and losses over the years
- Pakistan last year agreed to overhaul loss-making public entities in exchange for a financial bailout from IMF
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the restructuring scheme of the country’s national airline, the privatization ministry confirmed on Sunday, marking a significant milestone in the government’s endeavors to privatize the loss-making entity.
Pakistan has identified 25 public sector enterprises for privatization that have accumulated billions in losses, including the Pakistan International Airlines (PIA), banks, hotels and power generation and distribution companies. Pakistan agreed in June 2023 to overhaul its loss-making state-owned enterprises (SOEs) as part of a deal with the International Monetary Fund (IMF) for a $3 billion bailout package. The government resolved to privatize PIA shortly after finalizing the IMF agreement.
However, the country’s progress in privatization has been stalled for decades due to political inertia and various challenges, including legal, licensing and ownership issues. In March, the government created PIA Holding Company (Holdco) to expedite the national carrier’s privatization by managing the airline’s liabilities and assisting in its transfer to potential investors.
On May 4, the Competition Commission of Pakistan (CCP) green-lighted PIA’s acquisition by Holdco, saying it would not have any material impact on the market. On Sunday, the privatization ministry said the SECP had agreed to the transfer of PIA’s non-core assets and liabilities to Holdco.
“This order marks a significant milestone in the collaborative efforts of the Privatization Commission (PC), Finance Division, Aviation Ministry and Pakistan International Airlines to restructure the national carrier,” the ministry said.
It said the SECP has directed the Pakistan Stock Exchange, the Central Depository Company and the National Clearing Company to ensure Holdco’s “smooth listing.”
The PIA has accumulated hundreds of billions of rupees in arrears and losses over the years, forcing successive Pakistani governments to dole out billions of rupees from their budgets to keep the loss-making public entity afloat.
The PIA’s woes were compounded after 2020 when the airline was already struggling financially while its flights were grounded due to the coronavirus pandemic. When the national airline resumed operations in May 2020, a domestic PIA flight crash in Karachi killed 97 out of 99 people on board, prompting an initial inquiry that pointed to a number of safety failures.
The inquiry sparked a disclosure from authorities that nearly a third of PIA’s pilots may have falsified their qualifications, prompting the European Union Aviation Safety Agency (EASA), the US Federal Aviation Administration (FAA) and other regulators to ban PIA flights.
Prime Minister Shehbaz Sharif has vowed to privatize the airline and warned Pakistan’s bureaucracy that he would not tolerate delays in the process. Sharif has assured Pakistan’s business community several times that the process to privatize the national airline would be a transparent one.
Pakistan thrash South Korea 4-0 in Azlan Shah Cup hockey clash
- Pakistani players Abdul Hanan Shahid, Arshad Liaqat, Ghazanfar Ali and Sufiyan Khan score goals
- This is Pakistan’s second victory in the tournament after their win over hosts Malaysia on Saturday
ISLAMABAD: Pakistan’s field hockey team beat South Korea 4-0 in their second match of the Sultan Azlan Shah Cup this week, state-media reported on Monday, as the South Asian side continued their impressive run in the tournament.
The 30th edition of the prestigious field hockey tournament is being played in Ipoh, Malaysia from 4-11 May. The cup will be contested between six teams, namely Canada, Japan, Malaysia, New Zealand, Pakistan and Korea. Pakistan’s national hockey team made a triumphant start to the tournament on Saturday, defeating hosts Malaysia by 5-4 in a thrilling match.
The green shirts continued their impressive form on Sunday, beating South Korea in what was a one-sided contest.
“Pakistan in their second match beat South Korea by four goals to nil at Ipoh on Sunday,” the state-run Radio Pakistan reported on Monday.
Pakistani players Abdul Hanan Shahid, Arshad Liaqat, Ghazanfar Ali and Sufiyan Khan scored goals to ensure the national team dominated the match. Pakistan’s defense did an impressive job to contain the Korean hockey team, thwarting their efforts to score a single goal.
“Pakistan will play their third match against Japan in Ipoh, Malaysia tomorrow,” Radio Pakistan reported. “The match will start at 3:15 p.m.”
The Sultan Azlan Shah Cup 2024 will see a round-robin stage at first where all six participating teams will play against each other once, followed by positional playoffs.
The teams finishing in the bottom two places of the league stage will contest in a fifth-place classification match. Teams finishing in third and fourth place in the pool stage will compete for bronze, while the top two teams will play in the final for the title.
Pakistani journalists condemn Israel’s decision to ban Al Jazeera, demand ‘earliest restoration’
- PM Netanyahu’s cabinet shut down network for as long as Gaza war continues, saying it threatened national security
- Pakistan Federal Union of Journalists credits Al Jazeera for reporting “independently” on Israel’s war in Gaza
ISLAMABAD: Pakistan’s most prominent association of journalists strongly condemned Israel’s move to ban international news organization Al Jazeera on Sunday, describing it as a “brutal curb on press freedom,” urging journalist bodies around the world to raise their voices for the Qatar-based network.
The statement comes after Israeli Prime Minister Benjamin Netanyahu’s cabinet voted unanimously to close Al Jazeera’s operations in Israel. The decision came weeks after Israel’s parliament passed a law allowing the temporary closure of foreign broadcasters considered to be a threat to its national security as the months-long war in Gaza drags on.
Later on Sunday, Israeli police raided Al Jazeera’s premises in East Jerusalem while satellite and cable providers took the broadcaster off air.
“Workers strongly condemn the Israeli decision of banning telecast of Al Jazeera TV and demand its earliest restoration,” the Pakistan Federal Union of Journalists (PFUJ) said in a press release. “The PFUJ-Workers terms the decision a brutal curb on press freedom and demand that Israeli govt should give right to every media organization to work freely.”
PFUJ credited Al Jazeera for reporting “independently” on Israel’s war in Gaza, calling on journalist bodies around the world to raise their voices for freedom of media and support the Doha-based news channel.
“If we do not discharge our duty of raising voice for Al Jazeera the other will use the practice to silent voices in their regions,” the statement concluded.
Al Jazeera criticized Israel’s decision to ban its broadcast in a report, saying that it is one of the few international media outlets to remain in Gaza throughout the war, broadcasting “bloody scenes of air attacks and overcrowded hospitals, and accusing Israel of massacres.”
“The Network vehemently rejects the allegations presented by Israeli authorities suggesting professional media standards have been violated,” Al Jazeera said in a statement. “It reaffirms its unwavering commitment to the values embodied by its Code of Ethics.”
Israel’s move can heighten the Jewish state’s tensions with Qatar, which funds Al Jazeera, especially at a time when the Gulf country is playing a key role in mediating efforts to stop the war in Gaza.
Tim Dawson, the deputy general secretary of the International Federation of Journalists, told Al Jazeera Israel’s decision was a “retrograde and ridiculous decision.”
“Closing down media, closing down television stations is a sort of thing that despots do,” he said.
Two-day Pakistan-Saudi investment conference kicks off in Islamabad
- 50-member Saudi delegation comprising 30 Saudi companies arrived in Islamabad on Sunday
- Pakistan and Saudi Arabia have been working closely in recent weeks on finalizing investment deals
ISLAMABAD: A two-day Pakistan-Saudi investment conference is set to begin in Islamabad today, Monday, a day after a high-powered business delegation arrived in Pakistan from Riyadh to discuss trade and investments.
The 50-member Saudi delegation is led by Assistant Minister of Investment Ibrahim Al-Mubarak and comprises some 30 Saudi companies from the fields of information technology, telecoms, energy, aviation, construction, mining exploration, agriculture and human resource development.
“[Pakistani commerce] ministry had selected a large number of Pakistani companies in the respective sectors whose officials would have business-to-business meetings with their Saudi counterparts, and would hopefully enter into business and investment deals,” Pakistani news wire APP said.
“Pakistan would welcome and fully facilitate investments and partnerships from Saudi Arabia in IT, minerals, textiles, food security, engineering and energy sectors.”
During the first half of the current financial year, bilateral trade between Pakistan and Saudi Arabia was recorded at $2.482 billion, with Pakistan’s exports of $262.58 million and Saudi exports of $2.219 billion.
Pakistan and Saudi Arabia have been closely working in recent weeks to increase bilateral trade and investment deals, with Crown Prince Mohammed bin Salman also reaffirming the Kingdom’s commitment to expedite an investment package of $5 billion.
The business delegation’s visit comes on the heels of one by Sharif to Riyadh from Apr. 27-30 to attend a special two-day meeting of the World Economic Forum.
On the sidelines of the WEF conference, the Pakistani PM met and discussed bilateral investment and economic partnerships with the crown prince and the Saudi ministers of finance, industries, investment, energy, climate, and economy and planning, the adviser of the Saudi-Pakistan Supreme Coordination Council and the presidents of the Saudi central bank and Islamic Development Bank.
This was Sharif’s second meeting with the crown prince in a month. Before that he also met him when he traveled to the Kingdom on April 6-8. The Saudi foreign minister was also in Pakistan last month, during which Pakistan pitched projects worth at least $20 billion to Riyadh.
Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and serves as a top source of remittances to the cash-strapped South Asian country.
Saudi Arabia has often come to Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up forex reserves.
As things stand, Pakistan desperately needs to shore up its foreign reserves and is in talks with the International Monetary Fund (IMF) for a new bailout deal, for which it needs to signal that it can continue to meet requirements for foreign financing which has been a key demand in previous loan packages.
Last year Pakistan set up the Special Investment Facilitation Council, a body consisting of Pakistani civilian and military leaders and specially tasked to promote investment in Pakistan. The council is so far focusing on investments in the energy, agriculture, mining, information technology and aviation sectors and specifically targeting Gulf nations.
