Daily Archives: November 15, 2021

Adagio Therapeutics Provides Update for ADG20 COVID-19 Antibody Program and Reports Third Quarter 2021 Financial Results

FDA Feedback Supports Planned Emergency Use Authorization (EUA) Submission for ADG20 for Prevention of COVID-19; Interim Clinical Data Package from EVADE Prevention Trial to Support EUA Submission Expected in Second Quarter 2022 Enrollment Progressing in ADG20 STAMP Trial for Treatment

FBR to Audit Over 50,000 Income Tax Cases of 2019

The Federal Board of Revenue (FBR) has decided to select over 50,000 income tax cases of the tax year 2019 for audit, reflecting an extraordinary increase of 36,000 cases as compared to more than 14,000 cases it had picked for

Rupee Breaks Losing Streak Against the US Dollar On the Back of Good News

The Pakistani Rupee (PKR) finally recovered against the US Dollar (USD) and appreciated 43 paisas against the latter in the inter-bank market today. It hit an intra-day high of Rs. 174.20 against the USD during today’s open market session.The PKR

ECC Recommends PPRA to Relax Rules for Urea Import

The Economic Coordination Committee (ECC) of the federal cabinet has recommended Public Procurement Regulatory Authority (PPRA) to give exemption to the Trading Corporation of Pakistan (TCP) from its rules to republish tender for procuring urea from ab...

Pakistan to Enhance Bilateral Trade With Australia

A delegation led by the Australian Trade Commissioner to Pakistan, John Cavanaghon, called on the federal Minister of National Food Security and Research, Syed Fakhar Imam, at his office in Islamabad today (15 November).Minister Imam welcomed the Austr...

Pakistan Records Highest Textile Exports Since June 2021

The textile exports of Pakistan were registered at $1.6 billion on October 21, according to the Pakistan Bureau of Statistics (PBS), the highest since June 2021. Compared to the last year, textile exports have increased by 24%, moving from $1.28

Palestinian Envoy Says Working on Extensive Plan to Enhance Trade With Pakistan

Ambassador of Palestine to Pakistan, Ahmed Rabei, has reaffirmed his country’s resolve to strengthen the bilateral relations with Pakistan through enhanced cooperation in various areas to benefit the citizens of both countries.In an exclusive interview...

ICC Under Fire For Robbing Babar Azam of Player of Tournament Award

Experts, former cricketers, and fans alike have criticized the International Cricket Council (ICC) for awarding the Player of the Tournament to the Australian opening batter, David Warner, instead of Pakistan’s captain, Babar Azam, who statistically ou...

PCB Announces Test Squad For Bangladesh Tour

National selectors today announced the Pakistan men’s cricket team for the two Tests against Bangladesh, which will be played in Chittagong (26-30 November) and Dhaka (4-8 December).Opener Imam-Ul-Haq, middle-order batter Kamran Ghulam and off-spinner ...

Privatization of Heavy Electrical Complex (HEC) Reaches Final Stages

The privatization of the Heavy Electrical Complex (HEC) has entered into its final stages.Currently, different options for the determination of Reserve Price for the bidding of HEC shares are being considered by the Privatisation Commission (PC) before...