August 26, 2026

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from-undersea-cables-to-space-lasers-the-new-data-superhighway

From Undersea Cables to Space Lasers: The New Data Superhighway

Endeavour Optical Networks (EON) is aiming to revolutionize global connectivity by moving the ‘data superhighway’ from the ocean floor to the stars. By launching a record-breaking space laser communications system, EON plans to bypass the limitations of subsea fiber optics, offering a faster and more efficient way to transmit data across the globe. This shift marks a pivotal moment in telecommunications, prioritizing speed and satellite-based infrastructure over traditional physical cabling.

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Business leaders in conference discussion

OICCI Business Confidence Decline: Middle East Conflict Triggers 9-Point Index Drop in Wave 29

KARACHI — The Overseas Investors Chamber of Commerce and Industry (OICCI) has officially released the high-stakes results of its Business Confidence Index (BCI) Survey Wave 29 for Q2 2026. The comprehensive national audit reveals a sudden 9 percentage point drop, dragging overall business sentiment down to a positive 13% compared to 22% in the previous

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Industrial oil refinery at dusk

Furnace Oil Export Approvals: OGRA Permits Parco to Offload 100,000 MT Amid Domestic Grid Shifts

ISLAMABAD / KARACHI — In a major operational directive to sustain refinery operations, the Oil and Gas Regulatory Authority (OGRA) has formally cleared the Pak-Arab Refinery Limited (PARCO) to export 100,000 metric tonnes of furnace oil in June 2026. Approved by the National Committee on Monitoring of Commodities (NCMC), the massive fuel offloading strategy is

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Government officials at economic briefing

Budget 2026-27 Macroeconomic Plan: Government Targets 4% GDP Growth and 2 Million New Jobs

ISLAMABAD — The Annual Plan Coordination Committee (APCC) has finalized its working papers for the upcoming Budget 2026–27 fiscal year, aggressively targeting an economic growth rate of 4.0% and setting an inflation target of 8.2%. Although the country narrowly missed its previous target by closing out the current fiscal year at 3.7% GDP growth, the

Budget 2026-27 Macroeconomic Plan: Government Targets 4% GDP Growth and 2 Million New Jobs Read More »

Pakistan and Saudi Arabia flags, tech investment deal

Saudi-Pakistan Tech Deal: $500 Million Investment Fund Launched for Local Startups

ISLAMABAD — In a massive boost for the local entrepreneurship ecosystem, Saudi Arabia and Pakistan have officially signed a $500 million “Tech Investment Fund” during the Pak-Saudi Business Forum. This fund is specifically designed to support early-stage startups in AI, Fintech, and Agri-tech. This partnership aims to bridge the gap between Middle Eastern capital and

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Google logo with Pakistan map outline

Tech Giant Google to Launch First AI Excellence Center in Pakistan: A Boost for Freelancers

ISLAMABAD — Pakistan ke tech sector ke liye ek aur tareekhi din! Google ne Islamabad mein apna pehla “AI Excellence Center” qaim karne ka faisla kiya hai. Is center ka maqsad Pakistani developers aur freelancers ko Artificial Intelligence aur Machine Learning mein world-class training dena hai. Google Cloud ke representatives ne Ministry of IT ke

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Finance Minister speaking on economic strategy

Economic Strategy: Pakistan Invites Bids from Global Banks to Raise New FundsPTCL 5G Launch Pakistan 2026

ISLAMABAD — Following a successful $750 million Eurobond launch, the Government of Pakistan has now invited bids from international consortiums to act as underwriters and bookrunners for future global market transactions. This structured three-year plan aims to ensure a steady inflow of foreign currency to meet the country’s external financing needs and repay old debts,

Economic Strategy: Pakistan Invites Bids from Global Banks to Raise New FundsPTCL 5G Launch Pakistan 2026 Read More »

Pakistan flag with digital coin graphic

Pakistan Legalizes Crypto: SBP Enacts Virtual Assets Act 2026

WASHINGTON / ISLAMABAD — In a monumental shift for the nation’s financial landscape, the State Bank of Pakistan (SBP) has officially enacted the Virtual Assets Act 2026. This historic legislation marks the end of ambiguity regarding digital currencies, providing a comprehensive legal framework for the regulation, licensing, and trading of cryptocurrencies. For a country with

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Securiti AI Acquired by Veeam

Pakistani Entrepreneur Rehan Jalil’s AI Startup Securiti AI Acquired by Veeam for $1.7 Billion

Pakistani tech entrepreneur Rehan Jalil has made headlines globally as his AI startup Securiti AI has been acquired by Veeam, a leading data-resilience company, for an impressive $1.7 billion. This deal not only highlights the rising demand for AI-driven data security solutions but also showcases the exceptional talent emerging from Pakistan. About Securiti AI Securiti

Pakistani Entrepreneur Rehan Jalil’s AI Startup Securiti AI Acquired by Veeam for $1.7 Billion Read More »