Press Releases
Looking for more press releases? Explore our full press release archive by date to access past announcements, news updates, and media releases published on Pakistan Business Times.

India Denies Involvement in Terror Attack
(MENAFN) India has firmly dismissed Pakistan’s recent allegation that it orchestrated a fatal terrorist assault in the North Waziristan District, labeling the accusation as “false and malicious,” according to a declaration from the Indian Ministry...

Concentrix Reports Second Quarter 2025 Results
Exceeds revenue guidance for the quarter and raises full year growth outlook Generates $200 million in adjusted free cash flow and remains on track to deliver $625 million to $650 million of adjusted free cash flow for the year Sees ongoing...

One thousand participants complete study program on Sahih al-Bukhari
(MENAFN) Approximately 1,500 individuals have successfully completed an intensive 13-day study program in Istanbul centered on Sahih al-Bukhari, a fundamental collection of the sayings and actions of Prophet Muhammad, and were awarded certificates...

Trump’s Middle East policy arrives at a temporary and fragile limbo
Domestic politics has taken center stage in the United States as Congress struggles to pass President Donald Trump’s proposed budget plan under an aggressive deadline. But July is also shaping up as a pivotal month for Trump’s foreign policy in...

Nearly Three-Quarters of World Heritage Sites Are at High Risk from Water-Related Hazards
A new analysis by UNESCO and World Resources Institute (WRI) reveals that 73% of World Heritage sites are highly exposed to water-related hazards, such as drought, water stress, or riverine and coastal flooding. Strengthening water stewardship is...

M2MMA and Green Hill Sports Launch Groundbreaking Partnership to Redefine Combat Sports Through AI and Smart Equipment
Dubai based M2MMA and iconic manufacturer Green Hill Sports Launch Groundbreaking 5 year Partnership to Redefine Combat Sports Through AI and Smart Equipment. Real American Capital Corp (OTCMKTS:RLAB) DUBAI, UNITED ARAB EMIRATES, June 30, 2025...

India Accelerates Launch of Surveillance Satellites
(MENAFN) India has expedited the launch of 52 surveillance satellites to boost its defense capabilities from space, as reported by media outlets on Monday. The deployment will commence with the launch of the initial satellite in April 2026, with...

India Fast-Tracks Deployment of 52 Surveillance Satellites
(MENAFN) India is rapidly advancing the deployment of 52 new surveillance satellites, aiming to strengthen its space-based defense infrastructure, as reported on Monday by various media outlets. The first satellite is expected to launch in April...

National Health Care Fraud Takedown Results in 324 Defendants Charged in Connection with Over $14.6 Billion in Alleged Fraud
Largest Justice Department Health Care Fraud Takedown in History More than Doubles Prior Record of $6 Billion The Justice Department today announced the results of its 2025 National Health Care Fraud Takedown, which resulted in criminal charges...

Top Indian, Russian MPs get together in Moscow
(MENAFN) Dr. Shashi Tharoor, head of India’s parliamentary committee on international affairs, met with his Russian counterpart Leonid Slutsky in Moscow on Tuesday. The two senior legislators exchanged views on current global challenges, including...

Alvotech’s Lenders Lower Interest on Senior Secured Term Loan Facility
REYKJAVIK, Iceland, June 26, 2025 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ: ALVO, the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that its lenders...

Russia plays surprising role in Iran-Israel war
(MENAFN) Russia is playing a more significant role in the Iran-Israel conflict than many might realize, especially in light of recent diplomatic moves and regional concerns. During a visit to Turkmenistan, Russian Foreign Minister Sergey Lavrov...

Ships in Red Sea fake association to Russia, China to avoid assaults
(MENAFN) According to a Reuters report published Thursday, ships navigating the Red Sea and Persian Gulf are falsely broadcasting Russian or Chinese affiliations to avoid becoming targets amid growing regional tensions. The report cites data from...

India, Russia Reaffirm Defense Ties
(MENAFN) Moscow and New Delhi have engaged in fresh deliberations regarding the provision of the Russian-origin S-400 mobile surface-to-air missile systems, according to a declaration issued by the Indian Defense Ministry on Friday. These talks...

India Confirms Firm Stance Against Terrorism
(MENAFN) India has reiterated its uncompromising approach toward terrorism and signaled its readiness to strike terror networks regardless of their location, Defense Minister Rajnath Singh declared on Thursday. While attending the Shanghai...

Belousov Highlights Strong Military Ties with India
(MENAFN) Russian Defense Minister Andrey Belousov has underlined the significance of Moscow’s alliance with India, emphasizing that the enduring camaraderie between the two countries includes substantial cooperation in defense and military...

Vessels in Red Sea claim ties to Russia, China
(MENAFN) Vessels navigating the Red Sea and Persian Gulf have increasingly been sending misleading signals about their national affiliations, falsely claiming ties to Russia and China in an effort to avoid potential attacks, according to reports...

Positive Top Line Results from Confirmatory Efficacy Study for Proposed Biosimilar to Xolair® (omalizumab)
REYKJAVIK, Iceland and PISCATAWAY, N.J. and LONDON, June 25, 2025 (GLOBE NEWSWIRE) -- Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacturing of biosimilar medicines for patients worldwide, Kashiv...

DR Congo Rolls Out Urgent Polio Vaccination
(MENAFN) Health officials in the Democratic Republic of the Congo began the second phase of a large-scale polio immunization effort on Thursday, aiming to reach more than 10 million children across the country. The initiative comes in response to...

The international role of the euro
The international role of the euro remained broadly stable in 2024. The share of the euro across various indicators of international currency use has been largely unchanged, at around 19%, since Russia’s invasion of Ukraine. The euro continued to...