SAN JOSE, Calif., July 31, 2024 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it will release its financial results for the second quarter of fiscal year 2025 on Wednesday, August 21, 2024, after the market closes. A live Zoom Webinar of the event can be accessed at 2:00 pm PT / […]
Day: August 1, 2024
KSE-100 Index Hits Record High Despite Political Turbulence Wiping Out Monthly Gains
Karachi: The KSE-100 Index reached an all-time high of 81,840 in July 2024, a 4.3% increase from June’s close, showcasing a strong market performance. However, increased political noise this month eroded these gains, bringing the index nearly flat mon…
PACRA Upgrades Asset Manager Rating of AWT Investments Limited Amid Strong Growth
Islamabad: The Pakistan Credit Rating Agency Limited (PACRA) has upgraded the asset manager rating of AWT Investments Limited (AWTIL), citing substantial growth in assets under management (AUMs) and robust fund performance. AWTIL, a subsidiary of the …
JS Global Capital Limited Reports on PSX Market Activity
Karachi: The Pakistan Stock Exchange (PSX) experienced subdued trading activity as investors displayed caution in the absence of significant market-moving events.
According to JS Global, the benchmark KSE-100 index closed the day at 77,740, down by …
Exchange Rate Movements: Minor Adjustments Noted Across Major Currencies
Islamabad: The latest data from the Exchange Companies Association of Pakistan (ECAP) indicates minor fluctuations in the buying and selling rates of major currencies including the USD, Euro, GBP, JPY, AED, and SR between July 31 and August 1, 2024. T…
Careem Introduces Flexi Rides in Karachi, Enabling Price Negotiation for Customers and Captains
Islamabad: Careem has rolled out its innovative ‘Flexi’ car type in Karachi, a move that allows customers and their ride-hailing drivers, referred to as Captains, to negotiate and select their own fares. This introduction follows the service’s success…
Zong 4G Slashes Rates for Calls to China, Unveils New Bundles
Karachi: Zong 4G has introduced new International Direct Dialing (IDD) bundles and significantly lowered call rates to China, enhancing value for both prepaid and postpaid customers in Pakistan. The telecom leader announced the “Kam Paisay Ziyada Baat…
Bank Alfalah Announces Robust Half-Year Financial Performance
Islamabad: Bank Alfalah Limited reported a significant profit increase in its half-year financial results, with a notable rise in deposits and advancement in digital banking initiatives. The Board of Directors, meeting on August 1, 2024, declared a cu…
United Business Group Applauds New Visa Policy Reforms Aimed at Enhancing Tourism and Investment
Karachi: The United Business Group (UBG) has expressed strong support for the federal cabinet’s recent visa policy reforms, which they believe will substantially boost tourism, foreign investment, and trade in Pakistan. The reforms allow citizens from…
CDA Approves Major Upgrades for Capital Hospital and Initiates Construction of New University
Islamabad: In a significant move to enhance healthcare and educational facilities in the capital, the Capital Development Authority (CDA) Board has greenlit the modernisation of Capital Hospital and allocated land for the establishment of Zulfiqar Ali…