UK scientists also expressed concern that vaccines being rolled out in Britain may not be able to protect against another variant that emerged in South Africa.
PAKISTAN health officials said the variant found in Britain had been detected in the southern province of Sindh.
The breakthrough comes as states in the Gulf oil exporting region battle significantly wider fiscal deficits due to the coronavirus crisis and last year's oil price shock.
The Australian premier has for weeks said that mass-vaccination efforts in Britain, the United States and elsewhere would provide Australia with more data about the safety of the vaccines than clinical trails could.
The Bank of Israel said on Monday it expects the economy to rebound quickly in 2021 if the country's fast start to vaccinating people against COVID-19 is maintained.
With the pandemic seen prolonging the battle to hit its elusive 2% inflation target, the central bank last month also announced a plan to reassess its policy framework to make it more sustainable.
NSW has been effectively isolated from the rest of Australia after other states and territories closed borders or imposed 14-day mandatory quarantine rules.
James said Australia's broad success in managing the pandemic would likely support a rapid economic and market recovery and push the Australian dollar towards 78 US cents.