KARACHI: Pakistan has achieved a historic current account surplus of $2.1 billion for the fiscal year 2025, driven by a surge in remittances from overseas Pakistanis, according to Mian Zahid Hussain, a prominent business leader. While the development ...
Read More »Monthly Archives: July 2025
Currency Exchange Rates Show Slight Variations Across Major Currencies
Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates, revealing minor fluctuations across various major currencies. The U.S. dollar's buying and selling rates were reported at 286.25 and 287.60, respec...
Read More »Honda Atlas Reports Strong Sales Growth Despite Pressured Margins
Lahore: Honda Atlas Cars Pakistan Limited has reported a notable increase in its first-quarter earnings for the fiscal year 2026, attributing the rise to increased sales volumes and improved cost efficiencies. The company's profit after tax reached Pk...
Read More »OICCI Survey 2025 Shows Security Gains in Major Pakistani Cities but Highlights Regional Challenges
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) has released its Annual Security Survey 2025, showing a marked improvement in security across Pakistan's major business hubs, including Karachi, Lahore, and Islamabad. The survey...
Read More »Pakistan’s Power Sector Faces Earnings Decline Amid EV Transition
Karachi: Pakistan's power sector is bracing for a significant downturn, with earnings for key companies expected to fall sharply. AKD Securities Limited anticipates a 46% year-on-year decline in earnings for the AKD power universe during the fourth qu...
Read More »Pakistan Faces Potential Policy Rate Change as Inflation Trends Normalize
Karachi: Pakistan's Consumer Price Index (CPI) for July 2025 is anticipated to register at 2.8%, according to a recent analysis by JS Global. This figure marks a transition towards more normalized price trends as the base effect diminishes. Food inf...
Read More »Leil Storage Announces SaunaFS HAMR Support, Enabling Greater Storage Capacity for On-Premises Deployments
TALLINN, Estonia, July 23, 2025 (GLOBE NEWSWIRE) — Leil Storage today announces SaunaFS 5.0 support for the newly available Heat-Assisted Magnetic Recording (HAMR) technology, further enhancing its leading open-source distributed file system for exabyte-scale, on-premises workloads. With this update, SaunaFS 5.0 fully supports HAMR SMR drives from Seagate Technology, LLC, a global, mass capacity data […]
Read More »Bitget Partners with KOL to Drive Blockchain and AI Growth in Southeast Asia
Bitget Partners with KOL to Drive Blockchain and AI Growth in Southeast Asia KUALA LUMPUR, Malaysia, July 23, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, partnered with Indian crypto thought leader Pushpendra Singh to support a landmark Blockchain & AI Summit in Southeast Asia—further strengthening its role as a global enabler of the decentralized […]
Read More »Synervest Group Raises $4 Million Series A to Accelerate Global Expansion of Institutional Fintech Infrastructure
Strategic investment from Jura Investment Group and CMT Digital boosts growth across regulated trading, payments, and technology services ABU DHABI, United Arab Emirates, July 23, 2025 (GLOBE NEWSWIRE) — Global Market—Synervest Group, a fintech holding company delivering institutional-grade infrastructure across trading, payments, and financial technology, today announced it has raised $4 million in Series A […]
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