Connect with us

Business

Aurangzeb briefs ADB chief on Pakistan’s improving economic indicators – SUCH TV

Published

on

Aurangzeb briefs ADB chief on Pakistan’s improving economic indicators – SUCH TV



Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held detailed talks with Asian Development Bank (ADB) President Masato Kanda in Davos on the sidelines of the World Economic Forum on Wednesday.

The meeting focused on Pakistan’s economic reform agenda, macroeconomic stabilization, and strengthening the long-standing development partnership between Pakistan and the Asian Development Bank.

The finance minister highlighted Pakistan’s improving economic indicators, including declining inflation, easing policy rates, strengthening foreign exchange reserves, and growing investor confidence.

He briefed the ADB president on progress in structural reforms, particularly privatization and private sector participation, and emphasized the government’s commitment to sustaining reform momentum under the Prime Minister’s leadership.

Both sides discussed cooperation in key areas including energy sector reforms, sustainable development, and access to international capital markets.

The ADB president welcomed Pakistan’s progress, expressed confidence in the country’s economic direction, and reaffirmed ADB’s strong commitment to supporting Pakistan through continued engagement, faster delivery, and close coordination.

Meeting with Menzies Aviation chief

Senator Aurangzeb also held talks with Hassan El Houry, Chairperson of Menzies Aviation, in Davos to discuss opportunities for enhancing cooperation in Pakistan’s aviation sector.

The finance minister shared the government’s reform and privatization agenda, including progress related to Pakistan International Airlines (PIA) and plans to outsource operations at major airports in Islamabad, Karachi, and Lahore.

He noted that Pakistan’s economy is moving in a positive direction, creating a conducive environment for private sector investment and international partnerships.

Hassan El Houry briefed the minister on Menzies Aviation’s global operations and experience in airport services worldwide, and identified Pakistan as a promising destination for aviation-related investment.

He highlighted Sialkot’s strategic importance in aviation and logistics and expressed interest in expanding Menzies Aviation’s engagement in Pakistan.

Both sides also discussed ways to improve airport service quality, operational efficiency, and passenger experience.



Source link

Business

Why Spotify has no button to filter out AI music

Published

on

Why Spotify has no button to filter out AI music



Music streamer Deezer allows users to filter out AI music, so why does Spotify not offer the same?



Source link

Continue Reading

Business

‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’

Published

on

‘I had £20,000 stolen and had to fight a 13-month fraud reporting rule to get it back’



Sarah has now got her money back but there are calls to reform the deadline for reporting scams to banks.



Source link

Continue Reading

Business

Intellia Therapeutics says its Crispr-based treatment succeeds in pivotal trial

Published

on

Intellia Therapeutics says its Crispr-based treatment succeeds in pivotal trial


Intellia Therapeutics, building exterior and company sign, Cambridge, Massachusetts, USA.

Spencer Grant | Universal Images Group | Getty Images

Intellia Therapeutics said its Crispr-based treatment for a rare swelling condition met its goals in a late-stage trial, marking a milestone for the field of gene editing and putting the company on track to seek approval from the U.S. Food and Drug Administration.

The company’s treatment uses Nobel Prize-winning technology Crispr to edit DNA and turn off the gene that controls production of a peptide that’s overactive in people with hereditary angioedema, causing them to experience potentially life-threatening swelling attacks. Intellia’s treatment is administered once through an hourslong infusion, making the edits directly in the liver.

Intellia said the one-time treatment reduced attacks by 87% compared with a placebo, meeting the study’s main goal. Six months after treatment, 62% of patients were free from attacks and weren’t using other therapies, Intellia said.

The company described the safety and tolerability of the treatment as “favorable,” reporting the most common side effects were infusion-related reactions, headaches and fatigue. Analysts were closely watching safety in the trial since a patient in a separate trial of a different treatment from Intellia died. That patient developed a liver injury and ultimately died from septic shock following an ulcer, according to the company.

“When you think about where we started with Crispr, just 12 years ago with some of the fundamental insights, I think there was a lot of talk about what might be possible, and we’ve had reports along the way in terms of milestones, but this is the first Phase 3 data in any indication with in vivo Crispr where you’re actually changing a gene that causes disease,” said Intellia CEO John Leonard.

The only FDA-approved Crispr-based medicine comes from Vertex Pharmaceuticals. Called Casgevy, the gene editing is done outside the body, or ex vivo. The process requires collecting a person’s blood cells, making the edits outside the body, then reinfusing them back into a patient. Intellia’s treatment, meanwhile, makes the edits inside the body, or in vivo.

Intellia said it has started a rolling application with the FDA and plans to complete the filing in the second half of this year. The company expects to launch the treatment in the U.S. in the first half of next year, if it’s approved.

If approved, Intellia’s treatment, lonvoguran ziclumeran, will compete with about a dozen other chronic drugs for HAE. Despite the allure of a one-time treatment, genetic medicines haven’t always been a commercial successes. BioMarin withdrew its gene therapy for Hemophilia A because of weak sales, for example.

Leonard said there are important differences between the two, like the fact that BioMarin’s therapy faced questions about how long the effects would last. In contrast, he said Intellia hasn’t seen a single case in almost six years where the effects diminished over time.

Despite the results, he’s reluctant to call Intellia’s treatment a functional cure.

“I think this is a tipping point for the disease and tipping point for Crispr-based in vivo therapy where you can make a change [and] it’s permanent,” Leonard said. “And, as far as we can tell, we don’t have a single patient in this program or other program where there’s been any waning of the effect of what we did to the gene or the effect of what we’ve seen with the clinical aspects of the disease itself. So it’s pretty exciting.”

Clarification: This story has been updated to clarify that a patient in a separate trial of a different treatment from Intellia developed acute liver injury and ultimately died from septic shock following an ulcer.

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



Source link

Continue Reading

Trending