Press Releases

Adagio Therapeutics Summarizes ADG20 Neutralizing Activity Against SARS-CoV-2 Variants and Outlines Initiatives to Address Omicron

Recent Publications by Several Independent Laboratories Show ADG20 Has Neutralizing Activity with Potency Comparable to Other Antibodies that Retain Activity Against Omicron Multiple Efforts Underway to Address Omicron and Potential Future SARS-CoV-2 Variants WALTHAM, Mass., Jan. 12, 2022 (GLOBE NEWSWIRE) — Adagio Therapeutics, Inc., (Nasdaq: ADGI), a clinical-stage biopharmaceutical company focused on the discovery, development […]

Economy

Private Sector Borrowing Up by 194% in 6 Months

State Bank of Pakistan’s (SBP) data has revealed that private sector borrowing from banks crossed an all-time high of Rs. 1 trillion during the first half of the current fiscal.The private sector borrowed a total amount of Rs. 1.013 trillion from July …

Economy

Bank Alfalah Warns Customers Against Crypto Transactions

Bank Alfalah Limited (BAFL) has started sending SMS alerts, warning its customers against carrying out cryptocurrency transactions through its banking channels.The bank opines that all virtual assets/cryptocurrencies are illegal and its customers shoul…

Economy

Pakistan’s Forex Reserves Plunge by $118 Million in First Week of 2022

Pakistan’s liquid foreign reserves witnessed an outflow of $118 million in the first week of 2022 that ended on January 7, 2021, according to the State Bank of Pakistan (SBP).The central bank’s weekly report released on Thursday revealed that the count…

Economy

Sugar Mills Association Blames Govt for Sidetracking Issues Faced by Industry

All Pakistan Sugar Mills Association (PSMA), Islamabad Thursday termed its meetings with the federal and provincial governments as futile as they did not produce any solid outcome in the issues facing the sugar industry.In a statement, a PSMA spokesman…

Economy

National Assembly Votes on Mini-Budget

The National Assembly is in progress to vote on the Finance Supplementary Bill 2021. The session started with Speaker Asad Qaiser in the chair.Meanwhile, a motion seeking to circulate the Finance (Supplementary) Bill, 2021 for eliciting opinion on it f…