ISLAMABAD: A private pharmaceutical company, AGP Limited, that imported the first shipment of 50,000 doses of Russia’s Sputnik V vaccine to Pakistan earlier this month, said on Monday it would roll out the shots this week in all government authorized medical facilities.
The Russian vaccine is the first private batch purchased and imported by a private company in Pakistan and has been kept in cold storage in Karachi for the last two weeks as AGP has failed to reach an agreement with the government over the vaccine's per dose price.
The government last week fixed the maximum sale price of the Sputnik vaccine at Rs8,449 ($54) for two doses, which AGP rejected, saying it had imported the shots at a much higher rate.
In February, Pakistan said it would allow private companies to import coronavirus vaccines and agreed to exempt such imports from price caps, but earlier this month the health chief said that decision was being reversed and the Drug Regulatory Authority of Pakistan (DRAP) would now recommend a price, which the cabinet would approve.
“We are in the final stage of negotiations with the government over the vaccine price cap, and hopefully we will be rolling it out across Pakistan this week,” Umair Mukhtar, head of business planning and corporate affairs at AGP, told Arab News on Monday, adding that the company would sell the vaccine only to government authorized medical facilities and private hospitals, who would administer the vaccine.
Talking about the vaccine price, he said the company had requested DRAP to fix the per dose price as per the established formula of 40 percent in addition to the landing cost of the product. He declined to specify what price AGP would be satisfied with.
“We are hopeful to get a reasonable price as per the government’s formula,” Mukhtar said. “We are now busy in preparations of the rollout and hopefully will do it with the support of the government.”
Mukhtar said the company would import more doses for public use once the pricing mechanism was finalized and per dose cost was approved and officially announced: “We want to fight this pandemic along with the government.”
Transparency International-Pakistan, in a letter to Prime Minister Imran Khan last week, said the global price set for Sputnik-V was $10 per dose and the one being recommended in Pakistan was 160 percent higher than the international price. The watchdog urged the prime minister to ‘cancel’ the private import of COVID-19 vaccines, citing concerns over price and the potential for corruption.
Akhtar Abbas, a spokesperson for DRAP, said a robust mechanism was in place to ensure the vaccine would only be sold at the government-fixed price.
“The DRAP’s pricing committee may review the Sputnik vaccine price if the company provides additional documents to support its claim of a higher landing cost of the product,” he told Arab News, adding that only the federal cabinet was authorized to fix a maximum retail price of the vaccine, and DRAP could only recommend a formula.
Pharma company says all set to roll out Sputnik vaccine in Pakistan this week
https://arab.news/c6fjj
Pharma company says all set to roll out Sputnik vaccine in Pakistan this week
- AGP Limited says hopeful to get a “reasonable price” for vaccine as per formula of 40% plus landing cost of product
- Says will import more doses for public use once price finalized, will only sell to government authorized medical facilities
Saudi business delegation to arrive in Pakistan Sunday to explore investment opportunities — minister
- Musadik Malik says Saudi investment will mainly benefit small technology firms run by young Pakistani students
- He informs the two sides have also discussed a new refinery for export purposes that will help with foreign revenue
ISLAMABAD: A high-level Saudi business delegation is scheduled to arrive in Pakistan tomorrow to explore investment opportunities in various economic sectors by holding meetings with private sector organizations, said Federal Minister for Petroleum Musadik Malik during a media briefing held in Lahore on Saturday.
The two countries have witnessed a flurry of official visits in recent weeks, with Saudi Foreign Minister Prince Faisal bin Farhan traveling to Islamabad earlier in April, before Prime Minister Shehbaz Sharif’s two-day visit to the kingdom to attend a World Economic Forum meeting and hold a number of meetings.
“The Saudi Deputy Investment Minister is visiting Pakistan tomorrow,” said Malik, who is also the focal person for Saudi-Pak bilateral collaboration. “He is bringing representatives from 30 to 35 companies whose CEOs are coming here.”
The Pakistani minister maintained his country had always cherished cordial ties with the kingdom, though it had not managed to turn this “relationship of friendship into a relationship of stability and progress.”
He said Pakistan mostly discussed its financial concerns with the Saudi authorities and requested their support. However, the present government wanted to change that by focusing its bilateral conversations on mutually beneficial progress and development, not aid and assistance.
The minister said the two sides discussed a new refinery project during the recent engagements that would be used for export purposes to earn foreign revenue. Additionally, food security was also discussed to further strengthen Pakistan’s agricultural sector.
He informed that Prime Minister Sharif wanted the country’s “private sector to take the lead on this path to progress.”
“That is why Saudi investors have been invited to come here,” he continued. “They will sit with Pakistani companies and figure out ways to connect the Pakistani talent with the capital and investment needed at the international level for the IT revolution.”
Malik said the bilateral collaboration would primarily benefit small businesses, particularly the technology companies established by young students who were likely to get significant amount of investment from Saudi entrepreneurs.
He expressed optimism that chemical, energy and agricultural companies would also gain advantage from the ongoing bilateral collaboration between the two sides.
Pakistan committee discusses development of border areas in inaugural session
- The committee was formed to devise comprehensive strategies for holistic development in Pakistan’s border regions
- Key topics that came under discussion at the inaugural session included tariff rationalization, employment creation
ISLAMABAD: A high-level committee tasked with development of Pakistan’s border regions on Saturday held its inaugural session in Islamabad to discuss the challenges facing communities based in the country’s frontier regions, the Pakistani commerce ministry said.
The inaugural session of the committee, which was formed to devise comprehensive strategies for holistic development in these areas, was presided over by Commerce Minister Jam Kamal Khan, according to the ministry.
Key topics that came under discussion at the meeting included tariff rationalization and employment creation, reflecting the committee’s commitment to addressing border communities’ challenges.
“The committee aims to present its recommendations to the Prime Minister within 10 days, signaling a promising start to collaborative efforts for socio-economic development in the region,” the commerce ministry said in a statement.
Pakistan shares a long, porous border with Iran and Afghanistan, with people live along it relying on cross-border trade with little or no government tariffs, quotas, subsidies or prohibitions.
Islamabad last year announced restrictions on the informal trade to discourage smuggling of goods and currency in order to support the country’s dwindling economy.
Pakistan’s trade with China mostly takes place through formal channels, while the country’s trade ties with India, another neighbor it shares border with, remain suspended since 2019 over the disputed region of Kashmir.
Pakistan records ‘wettest April’ in more than 60 years — weather agency
- Pakistan’s metrology department says April rainfall was recorded at 59.3 millimeters, ‘excessively above’ the normal average of 22.5 millimeters
- There were at least 144 deaths in thunderstorms and house collapses due to heavy rains in what the report said was the ‘wettest April since 1961’
ISLAMABAD: Pakistan experienced its “wettest April since 1961,” receiving more than twice as much rain as usual for the month, the country’s weather agency said in a report.
April rainfall was recorded at 59.3 millimeters, “excessively above” the normal average of 22.5 millimeters, Pakistan’s metrology department said late Friday in its monthly climate report.
There were at least 144 deaths in thunderstorms and house collapses due to heavy rains in what the report said was the “wettest April since 1961.”
Pakistan is increasingly vulnerable to unpredictable weather, as well as often destructive monsoon rains that usually arrive in July.
In the summer of 2022, a third of Pakistan was submerged by unprecedented monsoon rains that displaced millions of people and cost the country $30 billion in damage and economic losses, according to a World Bank estimate.
“Climate change is a major factor that is influencing the erratic weather patterns in our region,” Zaheer Ahmad Babar, spokesperson for the Pakistan Meteorological Department, said while commenting on the report.
While much of Asia is sweltering dure to heat waves, Pakistan’s national monthly temperature for April was 23.67 degrees Celsius (74 degrees Fahrenheit) 0.87 degrees lower than the average of 24.54, the report noted.
Fire erupts at Karachi garment factory, no loss of live reported
- The biggest Pakistani city, known for poor fire safety protocols, witnesses hundreds of such incidents annually
- In November last year, a blaze at a shopping mall in Karachi killed around a dozen people and injured several others
KARACHI: A fire broke out at a garment factory in the southern Pakistani city of Karachi on Saturday, rescue officials said.
The blaze erupted on the ground floor of the garment factory in Zarina Colony in the New Karachi area, according to Rescue 1122 service.
“One fire truck is actively participating in the operation,” a Rescue 1122 spokesperson said, adding that another fire tender has been called to the site.
No loss of life has been reported in the wake of the fire.
Karachi, Pakistan’s largest city and the main commercial hub, is home to hundreds of thousands of industrial units and some of the tallest buildings in the South Asian country.
The megapolis, known for its fragile firefighting system and poor safety controls, witnesses hundreds of such incidents annually.
In Nov., a blaze at a shopping mall killed around a dozen people and injured several others. In April last year, four firefighters died and nearly a dozen others were injured after a fire broke out at a garment factory, while 10 people were killed in a massive fire at a chemical factory in the city in August 2021.
In the deadliest such incident, 260 people were killed in 2012 after being trapped inside a garment factory when a fire broke out.
Saleem Haider Khan, Faisal Kundi named governors of Pakistan’s Punjab, Khyber Pakhtunkhwa provinces
- Nominations come as part of power-sharing deal between PM Sharif’s party and ex-FM Bhutto-Zardari-led faction
- According to the deal, the PPP backed Sharif for the prime minister’s office in return for constitutional positions
ISLAMABAD: The Pakistan Peoples Party (PPP), a coalition partner in Prime Minister Shehbaz Sharif’s government, has nominated Saleem Haider Khan and Faisal Karim Kundi as governors of Pakistan’s eastern Punjab and northwestern Khyber Pakhtunkhwa provinces, the PPP chairman announced on Friday.
The PPP forged an alliance with PM Sharif’s Pakistan Muslim League-Nawaz (PML-N) party after Pakistan’s national election on February 8 failed to present a clear winner.
According to the power-sharing deal, the PPP backed Sharif for the prime minister’s office in return for the presidency, chairman of Senate and other important constitutional positions.
In a post on X, PPP Chairman Bilawal Bhutto-Zardari congratulated Khan and Kundi, and extended his good wishes to them
“I am confident they [Khan and Kundi] will perform their duties with the dignity their new office demands,” he said on X.
In Pakistan, a governor is a representative of the state to a province, who is appointed by the president on the advice of the prime minister.
Such positions may seem ceremonial and symbolic, but they do hold significant constitutional importance.
At present, PML-N’s Balighur Rehman has been serving as the Punjab governor, while JUI-F’s Hajji Ghulam Ali holds the post in KP.
Bhutto-Zardari also called on PM Sharif in Islamabad, following the nominations, Pakistani state media reported.
“During the meeting, views were exchanged on overall political situation in the country and matters of national interest,” the Radio Pakistan broadcaster said.
