Pakistan Stock Exchange sheds 1,200 points amid uncertainty over IMF loan talks

LONDON: The eradication of polio as a global health threat may be delayed unless US funding cuts – potentially totaling hundreds of millions of dollars over several years – are reversed, a senior World Health Organization official has warned.
The WHO works with groups such as UNICEF and the Gates Foundation to end polio. The planned withdrawal of the United States from WHO has impacted efforts, including stopping collaboration with the US Centers for Disease Control and Prevention. Last week, UNICEF’s polio grant was terminated as the State Department cut 90 percent of USAID’s grants worldwide to align aid with President Donald Trump’s ‘America First’ policy.
In total, the partnership is missing $133 million from the US that was expected this year, said Hamid Jafari, director of the polio eradication program for the WHO’s Eastern Mediterranean region. The area includes two countries where a wild form of polio is spreading: Afghanistan and Pakistan.
“If the funding shortfall continues, it may potentially delay eradication, it may lead to more children getting paralyzed,” he said, adding that the longer it took to end polio, the more expensive it would be.
He said the partners were working out ways to cope with the funding shortage, which will largely impact personnel and surveillance, but hoped the US would return to funding the fight against polio.
“We are looking at other funding sources ... to sustain both the priority staff and priority activities,” he said.
He said vaccination campaigns in both Afghanistan and Pakistan would be protected.
UNICEF did not respond to requests for comment, and a spokesperson for the Gates Foundation reiterated that no foundation could fill the gap left by the US Saudi Arabia gave $500 million to polio eradication last week.
The partnership already faces a $2.4 billion shortfall to 2029, as it accepted last year that it would take longer, and cost more, to eradicate the disease than hoped.

ISLAMABAD: The Pakistan Football Federation (PFF) on Monday confirmed the national squad will participate in the upcoming AFC Asian Cup qualifiers, scheduled to be held later this month, hours after FIFA lifted its international suspension against the South Asian country. 

FIFA hit Pakistan on Feb. 6 with a third international suspension in less than eight years after the federation rejected its electoral reforms. Following the suspension, the PFF unanimously approved FIFA’s proposed constitutional amendments in an extraordinary meeting in Lahore last Thursday. 

The lifting of the suspension will enable Pakistan to take part in the AFC Asian Cup. The green shirts will kick off their AFC Asian Cup 2027 qualifying campaign with an away match against Syria on March 25. The match will be played in Al Ahsa, Saudi Arabia.

“Stephen Constantine, who previously served as the national team’s head coach from late 2023 until mid-2024 has been reappointed as the Head Coach for the match against Syria,” the PFF said. 

The AFC Asian Cup qualifiers will be played on a home-and-away basis, with Pakistan placed in Group E alongside Syria, Afghanistan and Myanmar.

PAKISTAN’S FIFA SUSPENSIONS

The PFF has been mired in crisis and controversy since 2015 and this was the third time since 2017 that Pakistan has been suspended.
In June 2022, FIFA lifted the PFF’s suspension, which had been imposed due to undue third-party interference a year earlier. A group of officials led by Ashfaq Hussain Shah, which was elected by the Supreme Court in 2018 to run the PFF but was not recognized by FIFA, took over the headquarters in March 20121. 
They had seized control from FIFA’s normalization committee headed by Haroon Malik. The committee had not conducted elections for the body in the 18 months since it took charge.
FIFA suspended the PFF due to the “hostile takeover” but lifted the ban after confirmation the committee had regained full control of the PFF’s premises and was in a position to manage its finances.
Pakistan was also suspended by FIFA for third party interference in 2017.