Hyperion
RETIRED TTA
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Mate, any latest update? All data points to a brand new system, not just new first stage - and definitely not an iteration of S system.
The 692 km altitude refers to the testing of the new larger first stage booster. Over 6 m in length and a larger diameter (slightly smaller than 2m) Likely, it is will be coupled with the Shaheen II second stage at this point to test separation etc... Further ahead, it's likely the new first stage will also be used as a second stage as well. A shorter version will also serve as a third stage. Development will proceed along the lines of India's Agni series with similar specifications.
A test may or may not have gone ahead today as per planned. If a test did go ahead today, it may or may not be officially announced by ISPR as a First Stage booster does not constitute a 'new system'.