Islamabad: Pakistan has offered to host the extraordinary session of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) to discuss the latest situation in Afghanistan.

In a video message, the Foreign Minister Shah Mahmood Qureshi said Pakistan fully endorses this initiative of Saudi Arabia, the current OIC summit chair.

He said Pakistan also offers to host this meeting in Islamabad on the 17th of next month.

Shah Mahmood Qureshi said we are confident that the OIC member states will endorse this offer.

He said Afghanistan is currently facing a serious humanitarian situation as millions of Afghans including women and children are confronted with an uncertain future due to a shortage of food, medicine and other essential living supplies.

The Foreign Minister said the advent of winter has exacerbated the humanitarian crisis.

He urged the OIC to step up to alleviate the humanitarian needs of the Afghan people, provide immediate and sustained support to them, and continue to remain engaged with them for the wellbeing and prosperity of Afghanistan.

Bourla told CNBC that his company on Friday began testing the current vaccine against the Omicron variant, which was first reported in South Africa and reignited fears of a global wave of Covid-19 infections.

"I don't think the result will be the vaccines don't protect," Bourla said.

But the testing could show that existing shots "protect less," which means "that we need to create a new vaccine," Bourla said.

"Friday we made our first DNA template, which is the first possible inflection of the development process of a new vaccine," he said.

Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days when there were concerns the previous formula would not work against Delta, though that version ultimately was not used.

The current vaccine is "very effective" against Delta, the executive said, adding that the companies expect to be able to produce four billion vaccine doses in 2022.

On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally.

Bourla said he was also "very confident" that Pfizer's recently unveiled antiviral pill would work as a treatment for infections caused by the mutations, including Omicron.

Among newly-infected, high risk patients treated within three days of the onset of symptoms, Pfizer's pill has been shown to cut hospitalization or death by nearly 90 percent.

SOURCE: AFP/CNBC

Lawmakers narrowly elected her premier for the second time in less than a week after she set out plans for a minority government made up of only her Social Democrats.

The former finance minister had won a similar vote on Wednesday but threw in the towel hours later after a junior coalition partner left the government over a lost budget vote. read more

"Like all minority governments, we will seek co-operation with other parties in parliament, and I see good opportunities to do so," Andersson, whose party holds 100 seats in the 349-seat parliament, told a news conference.

"The Social Democrats have the biggest party group in parliament by a wide margin. We also have a long tradition of cooperation with others and stand ready to do what is needed to lead Sweden forward."

The leader of the right-wing opposition Moderate Party, Ulf Kristersson, described the incoming administration as a "nine-month caretaker government" and said it would not be able to achieve much in the run-up to elections due in September 2022.

Andersson will have to lead one of Sweden's weakest governments in recent decades, and govern on a budget in part formulated by three opposition parties, including the anti-immigration Sweden Democrats, whose gains over the past decade lie at heart of Sweden's political turmoil.

Parliament adopted budget amendments put forward by the opposition last week which heavily reshaped government spending plans.

The Social Democrats have been in power since 2014 supported by parties united by little else than their desire to keep the Sweden Democrats from influencing policy.

The centre-right opposition has struggled to gather enough votes to form a majority government and polls suggest there may be little shift in the political calculus in the next election.

Andersson will face major challenges.

Gang violence plagues the suburbs of major cities. The health service barely coped with the pandemic and needs strengthening, while the government will need to manage a promised transition to a zero-emissions economy.

SOURCE: REUTERS