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Kacific and PAKSAT partner to bring affordable satellite Internet to Pakistan

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ISLAMABAD, Pakistan, March 11, 2025 /PRNewswire/ — Kacific Broadband Satellites Group (Kacific) and PAKSAT are partnering to expand high-speed, affordable satellite internet across Pakistan, where over 54% of the population lacks reliable broadband. Leveraging 11 Ka-band spot beams on the Paksat MM1 satellite, this partnership will bridge the digital divide and support the country’s growing connectivity needs. With high-throughput capacity for over 20,000 sites, the collaboration will provide essential broadband access for communities, businesses, government agencies, ISPs, and telcos, enabling mobile backhaul and backup connectivity in remote regions.

A Commitment to Nationwide Connectivity

“SUPARCO’s story is one of unwavering ambition. Since its inception, we have been driven by a vision to propel Pakistan’s journey into the cosmos,” said Muhammad Yousuf Khan, Chairman of SUPARCO. The partnership between PAKSAT and Kacific will certainly bridge the digital divide in Pakistan and will empower countless communities.

“Improving Pakistan’s connectivity will have a positive impact on the country’s economy and its communities,” said Dr Shahid Rasheed, CEO of PAKSAT. “The people of Pakistan, like those of other developed countries, can expect to enjoy fast, affordable internet wherever they live and work. That’s a goal that PAKSAT is striving to achieve day and night.”

“With this partnership, Kacific is making a long-term investment in Pakistan’s digital future,” said Christian Patouraux, CEO of Kacific. “We’re expanding ISP partnerships, training KAD installers, and deploying essential infrastructure to meet the country’s growing connectivity needs.”

Urgent Connectivity Challenges in Pakistan

Pakistan’s broadband demand is increasing with every passing year, yet over 131.8 million people remain offline. Fiber penetration is extremely low, with fiber-to-the-home access under 5%. Only 15% of the country’s 55,000 cell towers are fibre-connected, compared to the 40% international benchmark. Kacific’s high-speed satellite service will significantly enhance Pakistan’s mobile backhaul capabilities, bypassing infrastructure limitations at a fraction of fibre’s cost.

Unlocking the Potential of Paksat-MM1

Launched in May 2024, Paksat-MM1 delivers 99% availability with seamless nationwide coverage. Gateway beams over Lahore, Karachi, and Islamabad provide real-time monitored connectivity, backed by 24/7 support from Kacific’s Singapore Operations Center.

Following the launch of Paksat-MM1, Prime Minister Shehbaz Sharif called it a “momentous occasion,” highlighting its role in revolutionizing Pakistan’s digital landscape. Minister of State for IT & Telecom, Shaza Fatima Khawaja, reaffirmed the government’s commitment to digital inclusion, emphasizing the satellite’s potential to enhance connectivity, especially in remote areas.

Strategic Partnerships Driving Pakistan’s Digital Transformation

Kacific is working alongside strategic partners to ensure reliable, cost-effective connectivity:

Paksat International (Pvt) Limited (PAKSAT): The private limited company markets the satellite capacity of National Communication Satellites, including PakSat-MM1, a high-power multi-mission satellite which provides communication services in Ka, Ku, C and other bands.SUPARCO (Pakistan’s Space & Upper Atmosphere Research Commission): Pakistan’s national space agency, ensuring seamless satellite operations.

Complementing our strategic partners, Kacific brings a proven, scalable broadband model, delivering high-speed connectivity across 25 countries. With experience in large-scale VSAT deployment, rural network infrastructure, and disaster response, Kacific has connected over 500,000 users. Kacific also provides end-to-end support, from satellite payload operations to network management, ensuring seamless and affordable broadband expansion in Pakistan.

Scalable, Affordable Internet for Pakistan

Kacific introduces its Gigstarter plans, which offer unlimited data and easy, low-cost installation for both residential and business users. Kacific will offer three plans for the consumer market: an entry-level 30/20 Mbps plan and two with higher speeds and bigger priority data quotas: 60/20 and 100/20 Mbps. These plans are billed per site monthly, providing cost-effective solutions for diverse connectivity needs. Kacific will sell the services in Pakistan via Operators registered with the regulatory bodies. In addition, Kacific intends to train and certify hundreds of Kacific Authorized Distributors to install, resell, and maintain sites across Pakistan, fostering community engagement and economic growth.

A New Era of Digital Empowerment for Pakistan

By combining Kacific’s global expertise with PAKSAT’s national assets, this partnership is set to transform Pakistan’s digital landscape. It will empower communities, drive innovation, and unlock new economic opportunities, ensuring that even the most remote regions can thrive in the digital age.

About Kacific 

Founded in 2013, Kacific Broadband Satellites Group is a next-generation satellite operator providing access to affordable, reliable, high-speed broadband services across Asia and the Pacific. Kacific uses advanced Ka-band space and ground communications technologies to provide innovative services to governments, businesses, and communities. Today, as one of the largest Ka-band satellite operators in Asia-Pacific, Kacific fosters greater internet usage, fuels economic growth, supports disaster management and control, and improves the delivery of other critical services.

Kacific1, which was launched back in 2019, connects underserved areas in 25 countries in the Asia-Pacific region. Kacific is an award-winning company, recognized with many awards, including the Gold Stevie® Award for Excellence in Innovation in Technology Industries (Asia-Pacific Stevie Awards, 2024), Connecting the Unconnected (Global Telecoms Awards 2022), Outstanding Satellite Company (PCT Awards, 2022 and 2024).

Kacific is headquartered in Singapore and employs over 100 staff globally. For more information, visit www.kacific.com or follow us on Facebook, LinkedIn, Twitter or YouTube

About PAKSAT

PAKSAT International (Pvt) Limited was established in 2004 to market the satellite capacity of National Communication Satellites. PAKSAT offers commercial satellite capacity and managed services via its high-power satellites, Paksat-1R and Paksat-MM1, located at 38° & 38.2° East. These satellites support a range of services across C, Ku, Ka, and L bands, catering to customers in South Asia, the Middle East, Europe, Africa, and Central Asia.

PAKSAT has grown rapidly since its foundation, with significant milestones, including the launch of PAKSAT-1R in 2011, followed by the advanced PAKSAT-MM1 in May 2024. PAKSAT-MM1 marks a major step in satellite technology, further expanding broadcasting capabilities by distributing over 120 TV channels. PAKSAT’s innovative approach in the digital era supports the vision of Digital Pakistan, bridging the gap between urban and rural areas through reliable satellite links.

With a focus on long-term partnerships, PAKSAT delivers tailored, cost-effective solutions that add real value, making it a trusted partner for TV broadcasters, cellular operators, internet service providers, and government organizations across four continents. Its commitment to excellence and continuous innovation remains at the heart of its success in the evolving communications landscape.

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SOURCE Kacific Broadband Satellites

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Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

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CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

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Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

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As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

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SOURCE Beko

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JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

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HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

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SOURCE Just Global Markets Ltd

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