Several agreements on the cards as Pakistani PM visits Azerbaijan 

Saudi Arabia has reaffirmed its $500 million pledge to the Global Polio Eradication Initiative (GPEI), the World Health Organization said on Monday.
The funds, initially pledged in April 2024, will be disbursed to help end the wild form of polio in Pakistan and Afghanistan and stop outbreaks of variant polio.
Wild polio — a naturally occurring form of the viral disease — is endemic in Pakistan and Afghanistan, which together reported 99 cases last year, according to the WHO. Variant polio is caused by the weakening of the oral polio vaccine.
The GPEI hopes to declare an end to the wild virus and the vaccine-derived variant by 2027 and 2029, respectively, compared with a previous deadline of 2026 for both forms.
The US, which has announced its intention to withdraw from the WHO, was previously a major donor to a program to eliminate polio and contributed 17 percent of its budget during 2024-2025, the WHO data showed.

KARACHI: The Competition Commission of Pakistan (CCP), a government agency for the enforcement of economic competition laws, said on Monday it would pay cash rewards to people who exposed cartels involved in the manipulation of various markets.

The development comes ahead of the holy month of Ramadan, during which various elements hoard essential items and artificially increase prices at local levels to make unjust profits.

The artificial increase in prices of goods and services in Pakistan, and a lack of quality goods is largely the result of business cartelization in the markets, according to the CCP.

Cartels are formed when suppliers in a market coordinate or enter into agreements to fix prices for goods and services and control the supply which is an illegal practice.

“If any individual is aware that a business association or product suppliers have colluded to fix prices or control supply, he is urged to immediately report such information to the CCP,” the watchdog said.

“Those who provide information and evidence regarding such illegal cartels will be rewarded with amounts ranging from Rs200,000 ($714) to Rs2,000,000 ($7,146). It is important to note that the identity of the informant will remain confidential.”

People can reach the CCP through WhatsApp number 0304-0875255 or its website www.cc.gov.pk to report any cartelization in the country.

“If your information is verified, you will not only receive a reward but also be recognized as a national hero,” it said.

The CCP said the initiative is aimed at promoting public participation in eliminating illegal business practices and the scheme would not only provide a legal avenue but also encourage the public to be part of protecting the country’s economy and their economic rights.

To ensure the provision of better-quality goods and services at fair prices to consumers, it is essential that all suppliers in the market compete with each other by offering better services and products at better prices, rather than colluding to fix prices, according the watchdog.

Engaging in agreements or understandings to control prices or supply of goods and services for unjustifiable profits is a serious crime under the Competition Act 2010.

“The Competition Commission of Pakistan has called for cooperation from the public in general and the concerned stakeholders in particular to take strict action against such illegal business nexus and cartels and to report any such act,” it said.