Pakistan is the leading country for hepatitis infections, with between 10 million and 15 million people suffering from the disease, and experts warn The National that not enough is being done to stop the spread.
At an annual conference of the UN Group of Friends to Eliminate Hepatitis in New York last week, medical experts called on Pakistan to take urgent measures, ramp up testing and increase co-operation with international health organisations.
Pakistan has expressed the intent to eradicate the disease – known as “the silent killer” because it does not present symptoms for several months after initial infection in some cases – by 2030.
Saeed Akhtar, a medical expert living in the US who represented Pakistan at the UN conference, told The National that Pakistan currently has the world’s largest number of hepatitis patients.
“Approximately, there are 100 million hepatitis C patients in Pakistan, and the patients of hepatitis B and C number more than 150 million,” he said.
Dr Akhtar said that previously, Egypt was the country most affected by the disease, but its government has successfully tackled the threat, with the World Health Organisation saying hepatitis C had been virtually eliminated in the country.
He also mentioned that hepatitis treatments take three months and cost about Rs12,500 ($43).
“Its treatment is not expensive, but a major problem in Pakistan is a lack of awareness,” said Dr Akhtar, who also serves as chairman of the Pakistan Kidney and Liver Institute and Research Centre in Lahore city.
“We need to visit educational institutions and other places to raise awareness among people so that everyone undergoes screening for the disease.
“It is a silent killer. Someone may carry this disease, but they may not even be aware of it. This is why proper screening and testing are the keys to safeguarding oneself against the disease.”
Tariq Hayat, project director at the Hepatitis, HIV-Aids and Thalassemia Control Programme in Khyber Pakhtunkhwa, told The National that hepatitis prevalence is 5.3 per cent in the province.
“We are working on disease prevention with the support of the National Hepatitis Control Programme, under which we provide free examinations and medicine to patients,” he said.
He added that the government has now begun to respond to the threat of hepatitis.
A Blood Transfusion Authority has also been set up as part of efforts to prevent the spread of blood-related diseases, including hepatitis.
Hepatitis is a global public health concern with varying prevalence rates across different regions. Egypt and Pakistan are two countries that have faced significant challenges in combating hepatitis in recent years.
Before Pakistan, Egypt had the highest hepatitis C prevalence rates in the world, with an estimated 10 per cent to 15 per cent of its population infected.
The high prevalence was attributed to past healthcare practices, including the widespread use of contaminated needles and syringes.
An estimated 11.55 per cent of adults in Pakistan have been affected by a hepatitis C infection, according to a study published in the journal Tropical Medicine and Health, which states that roughly one in every 20 Pakistanis is infected with the disease.
The annual global mortality rates attributed to hepatitis B and C are alarming, with 563,000 and 366,000 deaths, respectively. The study said that international co-operation and continued public health initiatives were crucial to reducing the prevalence of hepatitis worldwide.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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What sanctions would be reimposed?
Under ‘snapback’, measures imposed on Iran by the UN Security Council in six resolutions would be restored, including:
- An arms embargo
- A ban on uranium enrichment and reprocessing
- A ban on launches and other activities with ballistic missiles capable of delivering nuclear weapons, as well as ballistic missile technology transfer and technical assistance
- A targeted global asset freeze and travel ban on Iranian individuals and entities
- Authorisation for countries to inspect Iran Air Cargo and Islamic Republic of Iran Shipping Lines cargoes for banned goods
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2018 ICC World Twenty20 Asian Western Sub Regional Qualifier
Event info: The tournament in Kuwait this month is the first phase of the qualifying process for sides from Asia for the 2020 World T20 in Australia. The UAE must finish within the top three teams out of the six at the competition to advance to the Asia regional finals. Success at regional finals would mean progression to the World T20 Qualifier.
UAE’s fixtures: Fri Apr 20, UAE v Qatar; Sat Apr 21, UAE v Saudi Arabia; Mon Apr 23, UAE v Bahrain; Tue Apr 24, UAE v Maldives; Thu Apr 26, UAE v Kuwait
World T20 2020 Qualifying process:
- Sixteen teams will play at the World T20 in two years’ time.
- Australia have already qualified as hosts
- Nine places are available to the top nine ranked sides in the ICC’s T20i standings, not including Australia, on Dec 31, 2018.
- The final six teams will be decided by a 14-team World T20 Qualifier.
World T20 standings: 1 Pakistan; 2 Australia; 3 India; 4 New Zealand; 5 England; 6 South Africa; 7 West Indies; 8 Sri Lanka; 9 Afghanistan; 10 Bangladesh; 11 Scotland; 12 Zimbabwe; 13 UAE; 14 Netherlands; 15 Hong Kong; 16 Papua New Guinea; 17 Oman; 18 Ireland