ISLAMABAD: A COVID-19 vaccine developed by CanSino Biologics Inc (CanSinoBIO) showed 65.7% efficacy in preventing symptomatic cases, and 90.98% efficacy in stopping severe disease in interim multi-country trial results, Pakistan's Health Minister Faisal Sultan said on Monday.
The vaccine, jointly developed by a research institute affiliated with the Chinese military, follows two competing shots from Chinese companies Sinovac and state-backed Sinopharm that showed efficacy of between 50% and 91%.
Although vaccines from Chinese developers have shown lower protection rates than some Western products, and no detailed study results are publicly available yet, they have already been approved in several developing countries battling a surge in coronavirus infections.
The efficacy of CanSinoBIO's vaccine, the one-dose Ad5-nCoV, is based on analysis of 30,000 participants and 101 cases of COVID-19, the minister said on Twitter, quoting data from an independent data monitoring committee.
In the Pakistani subset, efficacy of the CanSinoBIO vaccine at preventing symptomatic cases was 74.8% and 100% at preventing severe disease, Sultan added.
CanSinoBIO was not immediately available for comment.
CanSinoBIO's COVID-19 dose 65.7% effective in large trial — Pakistani official
https://arab.news/c8uxj
CanSinoBIO's COVID-19 dose 65.7% effective in large trial — Pakistani official
- Vaccine 90.98% effective in stopping severe disease in interim multi-country results
- Vaccines from Chinese developers have shown lower protection rates than some Western products
Pakistan clears global crypto exchanges Binance, HTX under new regulatory framework
- NOCs allow Binance, HTX to conduct engagement activities within Pakistan, says regulator PVARA
- Says move allows entities to open subsidiaries in Pakistan but doesn’t constitute as operating license
ISLAMABAD: The Pakistan Virtual Assets Regulatory Authority (PVARA) announced on Friday that it has granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX, the latest in a series of moves by Islamabad to regulate its fast-growing virtual assets market.
PVARA said the NOCs were granted following a review process it conducted with public sector stakeholders which focused on governance structures, compliance frameworks, risk management controls and alignment with Pakistan’s emerging regulatory requirements for virtual asset activities.
Pakistan has been moving to regulate its fast-growing crypto and digital assets market by bringing virtual asset service providers (VASPs) under a formal licensing regime. Officials say the push is aimed at curbing illicit transactions, improving oversight and encouraging innovation in blockchain-based financial services.
“The introduction of this structured NOC framework demonstrates Pakistan’s commitment to responsible innovation and financial discipline,” Finance Minister Muhammad Aurangzeb was quoted as saying in a press release issued by PVARA.
The regulatory authority said the NOCs allow Binance and HTX to conduct preparatory and engagement activities within Pakistan under “defined regulatory oversight,” clarifying that it does not constitute a “full operating license.”
The NOCs allow Binance and HTX to begin registration on the FMU goAML, Pakistan’s anti–money laundering reporting platform, as reporting entries. It also allows them to engage with the Securities and Exchange Commission of Pakistan (SECP) regulator to incorporate their subsidiaries in the country.
HTX and Binance can also prepare and submit their full VASP license applications once licensing regulations are promulgated and provide anti-money laundering (AML) registered services after the completion of their goAML registration.
“PVARA will continue to engage with domestic and international stakeholders as it advances subsequent phases of its regulatory framework,” the authority said.
“Additional guidance regarding licensing standards, compliance obligations and supervisory expectations for virtual asset service providers will be issued in due course.”
Chairman PVARA Bilal Bin Saqib said issuing the NOCs marks the first step toward a fully licensed and regulated environment for digital assets in Pakistan.
“By adopting a phased and internationally aligned approach, Pakistan is ensuring that only well-governed, fully compliant global platforms progress toward full licensing,” Saqib was quoted as saying by PVARA.
According to PVARA, Pakistan already ranks at number three in crypto adoption and is home to an estimated 30 to 40 million users.
It said industry-wide assessments estimate that annual digital asset trading activity linked to Pakistan exceeds $300 billion.
The development takes place days after Prime Minister Shehbaz Sharif met a delegation of Binance in Islamabad, led by its CEO Richard Teng, to discuss regulating digital assets in Pakistan.
