In a significant moment for Pakistan’s technology ecosystem, Virtuans AI, a conversational artificial intelligence startup founded by Pakistani entrepreneurs Raheel Ahmad and Muddassar Sharif, has been acquired by AutoAcquire AI, a US-based automotive technology company. The acquisition, valued at seven figures USD in a combination of cash and equity, comes less than two years after Virtuans la
The inflow of overseas workers’ remittances into Pakistan stood at $3.46 billion in January 2026, the State Bank of Pakistan (SBP) data showed on Tuesday. Remittances increased by nearly 15.4% year-on-year (YoY), compared to $3.0 billion recorded in the same month last year. Monthly remittances were down 4% from $3.59 billion in December. During the first seven months of the fiscal year (7MF
Bullish momentum continued to dominate trading at the Pakistan Stock Exchange (PSX) on Wednesday, where the benchmark KSE-100 index advanced a further 931 points, despite some volatility. Banking and other heavyweight financial stocks set the tone in early dealings as institutional buying in key names helped overcome the initial hesitation. Market participants pointed to improved risk appetite,
Kazakh company has expressed its intention to invest $20 million in placer gold mining projects in Gilgit-Baltistan (G-B), as discussions were held with the Board of Investment (BoI) on opportunities in Pakistan's mining sector, particularly in the northern region. According to an official statement issued on Thursday, Federal Minister for the Board of Investment Qaiser Ahmed Sheikh held a meet
Pakistan Customs has warned the management of Karachi International Container Terminal (KICT) of possible contempt of court proceedings and legal action over escalating operational disruptions that are delaying customs clearance, hampering trade activity, and affecting overall port performance. In a letter issued by the Customs Appraisement West Collectorate to the KICT CEO, officials said oper