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PREMA wins ‘Brand of The Year Award 2020’ for...

December 4, 2020 (MLN): At-Tahur Limited (PREMA) has been conferred with “Brand of The Year Award 2020” for the fastest growing brand in Milk & Yogurt category for the second consecutive year, by the governing body of Brands Foundation.

The Award Accreditation Council said that the company has satisfied all applicable requirements pertaining to Quantitative Consumer Survey, Qualitative Studies, expert panel analysis and current year market standing in its category, Company's notice to PSX revealed.

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Pakistan’s exports surge strong recovery notwithstanding a continued rise...

December 4, 2020 (MLN): Despite rise in Covid-19 cases across the globe, Pakistan’s exports have shown a strong recovery.

Taking to its official Twitter handle, State Bank of Pakistan (SBP) on Friday said, “Pakistan's exports have surged a strong recovery notwithstanding a continued rise in global Covid-19 cases.”

The latest provisional exports figures for the month of November 2020, shared by Advisor to Prime Minister for Commerce and Investment earier this week, also indicate a rising trend of country’s exports as it clocked in at USD2.156 billion, which has been the highest monthly figure in November during last 10 years.

As per provisional figures for the month, significant growth has been witnessed in exports of Home Textile (20%) Pharmaceutical products (20%), Rice (14%), Surgical goods (11%), Stockings and Socks (41%), Jerseys & Pullovers (21%), Women’s Garments (4.3%) as compared to November 2019.

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Export of animal casings to Japan resumes after 4-...

December 04, 2020 (MLN): The export of animal casings from Pakistan to Japan has resumed after a ban of four years.

Taking to his Twitter handle, Advisor to PM for Commerce and Industries, Abdul Razak Dawood has commended the efforts made by Trade Section at Tokyo.

I advise our trade missions to actively engage the importers for promotion of Pakistan’s exports. I urge the exporters to take benefit of this opportunity and move full speed ahead’, he concluded.

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OMO Result: SBP Injects Rs.715.60 Billion for 7 Days

December 04, 2020 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Friday in which it injected Rs.715.60 Billion into the market for 7 Days.

Summary of OMO Result

  Amount*RateBids
TenorTypeOfferedAcceptedHigh - LowAcceptedOfferedAccepted
7DReverse Repo (Injection)715.600715.6007.08 - 7.037.032020
 
OMO Settlement: same day December 04, 2020
*Amount in Billions

 

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Pakistan is all set to benefit from COVID-19 vaccines

Dec 04, 2020: Pakistan has completed all prerequisites to submit the vaccine request to GAVI, through the COVAX facility, a coalition for equitable access to COVID-19 vaccines by all countries.

According to official sources, Pakistan and other GAVI eligible countries are likely to receive free of cost vaccines for a proportion of the population as well as additional quantities on special subsidized rates.

Releasing the application template on 17th November, GAVI had fixed 7th December as the deadline to receive application.

The Expanded Programme on Immunization under the guidance of the Ministry of National Health Services Regulations and Coordination established a technical working group that worked round the clock to complete the consultation process having all stakeholders on board.

The proposal drafted therein was endorsed by the National Technical Advisory Group (NITAG) on Immunizations on 1st December and approved by the National Interagency Coordination Committee (NICC) Friday in a meeting chaired by Dr. Faisal Sultan, Special Assistant to Prime Minister on National Health Services.

Participants of the meeting convened through video link included Director General Health, representative of the Ministry of Finance, National and Provincial EPI Managers, Representatives of WHO and UNICEF, GAVI as well as the other development partners and international donors.

Speaking on the occasion Dr Faisal Sultan highlighted the efforts of the government to curtail the impact of COVID-19 using all potential measures and available options.

“Ensuring availability of safe and effective vaccine to the most vulnerable population groups, the soonest possible, is yet another tool that the Government is looking to benefit from”, stated Dr Faisal Sultan.

“Protecting the healthcare workforce at the forefront of the response against the COVID-19, shall ensure our strength to tackle the challenge head on while protecting elderly with co-morbidities will help in reducing the associated morbidity and mortality”, he added.

Dr Safi Malik, Director General Health congratulated EPI team on developing a concise proposal taking into account the operational realities.

The representative of partner organizations also appreciated the government’s commitment and proactive approach to benefit from every opportunity as it arises to mitigate the impact of devastating pandemic of recent times.

“COVAX facility would best benefit countries at advance level of preparedness. Endorsement from all stakeholders of a proposal developed through national consensus enhances Pakistan’s chances to be among first countries benefiting from the initiative” said Dr Rana Muhammad Safdar, National Coordinator for EPI and Polio Eradication.

The dedicated NICC meeting of high significance was convened by the Ministry of National Health Services today to deliberate on Pakistan’s application for submission to GAVI.

Depending upon the availability of resources, COVAX initiative aims to ensure equitable supply of COVID-19 vaccine to all countries, irrespective of economic status.

APP

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