Pakistan says ‘clear evidence’ of new COVID-19 wave, rising omicron cases

Pakistani nationals, wearing face masks amid concerns over the spread of coronavirus, wait in a queue in Islamabad, Pakistan, on May 19, 2021. (AFP/File)
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Updated 02 January 2022
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Pakistan says ‘clear evidence’ of new COVID-19 wave, rising omicron cases

  • Genome sequencing showing rising proportion of omicron cases, particularly in Karachi
  • First known case in Pakistan identified last month in a woman with no travel history

ISLAMABAD: Pakistani planning minister Asad Umar, who also heads the federal pandemic response body, said on Sunday there was “clear evidence” of the beginning of a new wave of the coronavirus in the country while genome sequencing showed rising cases of the omicron variant. 
A year ago, the newly available vaccine offered hope that the COVID-19 pandemic may be under control by the start of 2022. Instead, the sudden arrival of omicron has brought a surge in coronavirus cases across the globe.
Worldwide infections hit a record high over the past seven-day period, with an average of just over a million cases detected a day between December 24 and 30, up some 100,000 on the previous peak posted on Wednesday, according to Reuters data. Deaths, however, have not risen in kind, bringing hope the new variant is less lethal.
Pakistan recorded 594 cases of the coronavirus in the last 24 hours, with eight deaths. 
“Clear evidence now of a beginning of another covid wave which has been expected for last few weeks,” Umar said on Twitter. “Genome sequencing showing rising proportion of omicron cases particularly in karachi.”

Earlier this week the Pakistan Medical Association warned that a fifth wave of the coronavirus could hit the country by the end of January as new cases of the fast-spreading omicron variant were reported in different cities across the nation.
The strain was first detected in southern Africa and Hong Kong in November, with the first known case in Pakistan identified last month in a woman who had no travel history outside the country. Last week the National Institute of Health (NIH) confirmed over 75 omicron cases in the country.

 


Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

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Pakistan signals commitment to regulate digital assets in meeting with Binance leadership

  • Binance delegation led by CEO Richard Teng meets Pakistan’s prime minister, army chief in Islamabad
  • Pakistan has attempted to tap into growing crypto market to curb illicit transactions, improve oversight

ISLAMABAD: Pakistan’s government has signaled its “strong commitment” to digital asset regulation as the country’s senior officials met the leadership of Binance, one of the world’s most prominent global cryptocurrency exchanges, the Prime Minister’s Office (PMO) said on Saturday. 

The Binance team, led by its Chief Executive Officer Richard Teng, is in Pakistan and has held meetings with Finance Minister Muhammad Aurangzeb, Pakistan Virtual Assets Regulatory Authority (PVARA) Chairman Bilal bin Saqib and senior Pakistani bank officials this week. 

Pakistan has been attempting 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.

“Binance senior leadership visits Pakistan as government signals strong commitment to digital asset regulation,” the PMO said. 

A Binance delegation led by Teng met Chief of Army Staff and Chief of Defense Forces Field Marshal Syed Asim Munir in Islamabad. 

Saqib also attended the meeting and gave the Binance team a briefing about his organization.

Pakistan has attempted in recent months to tap into the country’s growing crypto market, a move analysts say could bring an estimated $25 billion in virtual assets into the tax net.

In September, Islamabad invited international crypto exchanges and other VASPs to apply for licenses to operate in the country, a step aimed at formalizing and regulating its fast-growing digital market.