World Business NewsOpenAI to reduce revenue share with Microsoft, projections suggest
Company plans to retain $50 billion more in revenue by the end of the decade
Sep 13, 2025
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World Business News
HeadlinesOff-grid levy on captive plants to fall short of revenue targets as gas consumption declines: report
Gas usage in SNGPL areas dropped from 150 mmcfd to 26 mmcfd, while other regions saw a decline from 200 mmcfd to 95 mmcfd
Sep 13, 2025
HeadlinesPMO sets three-day deadline for ministries to fill vacant positions on boards of directors
Ministries urged to complete Board compositions and submit summaries for PM’s approval after ongoing delays in filling positions
Sep 13, 2025
HeadlinesDRAP’s survey on drug price hikes irks pharmaceutical manufacturers
Third-party survey initiated in response to public outcry over rising medicine prices after deregulation of non-essential drugs; PPMA voices concerns over lack of industry stakeholder involvement
Sep 13, 2025
HeadlinesMillions embezzled from Khyber Pakhtunkhwa World Bank project
Over Rs106 million withdrawn through fraudulent cheques, prompting investigation into potential collusion with government bank
Sep 13, 2025
HeadlinesPakistan to auction 800 MW of power wheeling rights in historic move to open transmission network
Energy Ministry issues draft guidelines for competitive bidding, aiming to reduce monopolies and encourage private sector participation in power transmission.
Sep 13, 2025
HeadlinesPakistan to issue first Panda bonds to raise $250 million before December: report
South Asian nation seeks to diversify funding sources with yuan-denominated debt, targeting qualified institutional investors; bonds are expected to carry a coupon rate of 3-4% per annum, with a three-year tenor
Sep 13, 2025
HeadlinesPower regulator slaps Rs248 million fine on Gepco and Sepco for violating regulations
Gujranwala Electric Power Company fined Rs200 million for overbilling, while Sukkur Electric Power Company faces Rs48 million penalty for illegal loadshedding based on ATC losses
Sep 13, 2025
HeadlinesFive Peshawar Electric Supply Company employees kidnapped in Bannu
Terrorists raid dairy farm supplying milk to Bannu Cantonment, stealing over 100 cows and abducting two employees
Sep 13, 2025
HeadlinesPakistan seeks IMF approval for electricity bill relief in flood-hit areas
Following PM's directive, finance ministry holds virtual talks with IMF, requesting a three-month deferral of power bills.
Sep 13, 2025
HeadlinesAviation talks fuel hopes for resumption of PIA flights to US
PCAA sources express optimism for US flight resumption, citing resolution of safety and licensing concerns and US FAA's satisfaction with progress
Sep 13, 2025
HeadlinesPIA suspends Canada flights for three weeks amid Boeing 777 overhaul
Airline says mandatory 10-year maintenance aims to ensure safety ahead of expected passenger surge
Sep 12, 2025