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OpenAI seeks funds for infrastructure

[ BENGALURU: OpenAI CEO Sam Altman has embarked on a global fundraising initiative spanning East Asia and the Middle East, seeking financing and manufacturing partners to meet the company’s demand for its computing capacity, the Wall Street Journal reported on Saturday, citing sources familiar with the meetings. Altman has held discussions since late September in … Read more

Futures snatched by force of faith

PUBLISHED October 05, 2025 The concerns regarding forced conversion are not a new phenomenon in our part of the world. Almost a century ago the All India Muslim League chalked out the rules for conversion in this region. The All India Muslim League adopted a resolution in December, 1927 at Calcutta which addressed the issue … Read more

‘Punitive’ taxes hurt growth

[ LAHORE: The Pakistan Business Forum (PBF) has raised serious concern over sustainability of the private sector in the face of persistent policy instability and one of the highest corporate tax regimes in the region. In an interaction with the media, PBF President Khawaja Mahboobur Rehman emphasised that the private sector could not thrive under … Read more

Gold in ‘beast mode’; up 44% in 9 months

[ KARACHI: Over the last nine months, gold has been on a historic run, delivering one of the strongest rallies in decades. Prices opened 2025 at around $2,624 per ounce or Rs290,000 per tola in Pakistan and have since surged close to $3,895, or Rs410,000, marking a staggering 44% rise year-to-date. This climb, amounting to … Read more

137 Gaza flotilla activists arrive in Turkey

ANKARA/ROME: Some 137 activists detained by Israel for taking part in a flotilla seeking to deliver aid to Gaza arrived in Istanbul on Saturday after being deported, according to Reuters reporters at the airport. The individuals included 36 Turkish nationals, as well as citizens from the United States, the United Arab Emirates, Algeria, Morocco, Italy, … Read more

Renault plans to cut 3,000 jobs

[ PARIS: French carmaker Renault plans to cut 3,000 jobs through a voluntary redundancy offer for staff in support functions, French newsletter L’Informe reported on Saturday. Under a cost savings plan dubbed “Arrow”, Renault wants to cut staff numbers in support services such as human resources, finance and marketing by 15%, which is expected to … Read more