Business
MoITT to build apps for ministries | The Express Tribune
ISLAMABAD:
The government has directed the Ministry of Information Technology and Telecommunication (MoITT) to focus on developing commercial applications and stop working on building AI platforms.
It has also instructed the ministry to harness AI technology to create tailor-made applications for ministries and divisions, streamlining work processes, making them more efficient, and enabling better management of government business.
In July, the cabinet approved the National Artificial Intelligence (AI) Policy 2025 and issued several directions for its use.
During the discussion, cabinet members appreciated MoITT’s efforts in devising the policy. Members also gave suggestions to make the framework more robust and meaningful in Pakistan’s social and national context. The prime minister commended MoITT, noting that while change often brings challenges, AI is the need of the time, and the policy is a step in the right direction.
The cabinet directed that the AI Policy should focus on developing commercial applications rather than investing in platforms. It also acknowledged that AI adoption in workplaces could lead to job losses and stressed the need to reskill workers at risk. To meet growing demand for an AI-skilled workforce, the policy should ensure universities produce adequate numbers of AI graduates. AI basics should also be introduced at the school level to orient children from an early age.
The cabinet further asked MoITT to ensure AI benefits are not restricted to the elite and that no rural-urban divide emerges from the adoption of new technologies.
MoITT, in coordination with the Finance and Planning Divisions, was tasked with ensuring resources for meeting the policy’s goals. The ministry was also directed to prioritise work on the Cloud Policy.
MoITT briefed the cabinet that Pakistan’s IT sector is experiencing remarkable growth and has become a key driver of economic development. The industry has consistently shown resilience and innovation, with exports recording strong double-digit growth in recent years.
This trajectory highlights Pakistan’s growing global presence and its potential to contribute further to national prosperity. The country stands at a crucial juncture in the global technological landscape, with emerging technologies showing strong promise and positioning Pakistan as a potential tech destination.
The cabinet was apprised that emerging technologies, including AI, are becoming increasingly critical for the IT sector and carry strategic national importance. AI is rapidly reshaping industries worldwide, with applications in agriculture, logistics, smart cities, manufacturing, energy, and healthcare. While AI offers significant opportunities for growth, it also carries risks. Many countries are developing policies and regulations to maximise benefits while minimising potential downsides.
The cabinet was informed that, according to industry estimates, the global AI market size is expected to surpass $1.8 trillion by 2030. Officials emphasised that this is the right time for Pakistan to adopt an overarching approach to AI. With rapid global advances, Pakistan needs a comprehensive policy to harness AI’s potential while addressing challenges.
MoITT had already initiated work on drafting the National AI Policy to capture opportunities and prepare for risks. As part of an open process, the draft was developed with input from ministries, public sector entities, and provincial governments. It was also published on the ministry’s website for public comment. An inclusive committee, comprising representatives from the public and private sectors, industry, and academia, finalised the draft after reviews and incorporating stakeholder feedback.
The cabinet was informed that the draft National AI Policy is based on six pillars: AI Innovation Ecosystem, Awareness and Readiness, Secure AI Ecosystem, Transformation and Evolution, AI Infrastructure, and International Partnerships and Collaborations.
The policy will act as a guiding framework, coordinating scattered initiatives and fostering new ones across sectors. Current AI development efforts remain fragmented, leading to inefficiencies and missed opportunities.
A unified policy will align investments in research, talent, infrastructure, and ethical guidelines, creating an environment conducive to innovation. It will also encourage collaboration between academia, industry, and government, ensuring AI solutions are tailored to Pakistan’s unique needs and challenges.
Business
Eli Lilly cuts cash prices of Zepbound weight loss drug vials on direct-to-consumer site
The Eli Lilly logo appears on the company’s office in San Diego, California, U.S., Nov. 21, 2025.
Mike Blake | Reuters
Eli Lilly on Monday said it is lowering the cash prices of single-dose vials of its blockbuster weight loss drug Zepbound on its direct-to-consumer platform, LillyDirect, building on efforts by the company and the Trump administration to make the medicine more accessible.
The announcement also comes weeks after chief rival Novo Nordisk unveiled additional discounts on the cash prices of its obesity and diabetes drugs.
Starting Monday, cash-paying patients with a valid prescription can get the starting dose of Zepbound vials for as low as $299 per month on LillyDirect, down from a previous price of $349 per month. They can also access the next dose, 5 milligrams, for $399 per month and all other doses for $449 per month, down from $499 per month across those sizes.
Zepbound carries a list price of roughly $1,086 per month. That price point, and spotty insurance coverage for weight loss drugs in the U.S., have been significant barriers to access for some patients.
Eli Lilly’s announcement comes just weeks after President Donald Trump inked deals with Eli Lilly and Novo Nordisk to make their GLP-1 drugs easier for Americans to get and afford. The agreements will cut the prices the government pays for the drugs, introduce Medicare coverage of obesity drugs for the first time for certain patients and offer discounted medicines on the government’s new direct-to-consumer website launching in January, TrumpRx.
But Eli Lilly’s deal with Trump centers around lowering the prices of a different form of Zepbound – a multi-dose pen – after it wins Food and Drug Administration approval.
That means Eli Lilly’s Monday announcement around cutting prices on the existing single-dose vials could allow more patients to get discounted treatments more quickly.
“We will keep working to provide more options — expanding choices for delivery devices and creating new pathways for access — so more people can get the medicines they need,” said Ilya Yuffa, president of Lilly USA and global customer capabilities, in a statement.
Eli Lilly’s stock, which has climbed more than 36% this year, fell nearly 2% on Monday. Its meteoric rise due to the success of Zepbound and its diabetes injection Mounjaro vaulted it to becoming the first health-care company to hit a $1 trillion market value last month. Though cutting prices means lower revenue per medication sold, Eli Lilly’s sales — and shares — have continued to soar through past pricing announcements as demand balloons.
With single-dose vials, patients need to use a syringe and needle to draw up the medicine and inject it into themselves. Eli Lilly first introduced that form of Zepbound in August 2024.
It’s unclear how many patients are currently using single-dose vials of Zepbound. But Eli Lilly previously said that direct-to-consumer sales now account for more than a third of new prescriptions of Zepbound.
Novo Nordisk earlier this month lowered the price of its obesity drug Wegovy and diabetes treatment Ozempic for existing cash-paying patients to $349 per month from $499 per month. That excludes the highest dose of Ozempic.
The company also launched a temporary introductory offer, which will allow new cash-paying patients to access the two lowest doses of Wegovy and Ozempic for $199 per month for the first two months of treatment.
Business
OGRA Announces LPG Price Increase for December – SUCH TV
The Oil and Gas Regulatory Authority (OGRA) has approved a fresh increase in the price of liquefied petroleum gas (LPG), raising the cost for both domestic consumers and commercial users.
According to the notification issued, the LPG price has been increased by Rs7.39 per kilogram, setting the new rate at Rs209 per kg for December. As a result, the price of a domestic LPG cylinder has risen by Rs87.21, bringing the new price to Rs2,466.10.
In November, the price of LPG stood at Rs201 per kg, while the domestic cylinder was priced at Rs2,378.89.
The latest price hike is expected to put additional pressure on households already grappling with rising living costs nationwide.
Business
Taxable Value Of Goods Surges 15% In Sep-Oct As GST Cuts Boost Consumption
New Delhi: The taxable value of all supplies under GST surged by a robust 15 per cent during September-October this year, compared to the same period in 2024 due to sharp increase in consumption triggered by the tax rate cuts on goods across sectors that kicked in from September 22, according to official sources.
The growth in the same two-month period last year was 8.6 per cent. “This surge in taxable value during ‘Bachat Utsav’ demonstrates strong consumption uplift, stimulated by reduced rates and improved compliance behaviour,” a senior official said.
He pointed out that the growth has especially been strong in sectors where rate rationalisation was implemented, such as FMCG, pharma goods, food products, automobiles, medical devices and textiles. In these sectors, the taxable value of supplies has seen significantly higher growth, confirming that lower GST rates translated directly into higher consumer spending.
“It vindicates our strategy that reducing rates on essentials and mass-use sectors would create demand-side buoyancy — a Laffer Curve–type demand uplift,” he explained.These trends confirm that GST next-gen reforms have not disrupted revenue stability, and that consumption-side buoyancy has begun to translate into higher taxable value in key sectors.
This growth is in value terms which means that since GST rates were lower, the growth in volume terms will be even higher. It is clearly visible that while the Next Gen Reforms resulted in significant Bachat — increased consumption, industry has been very proactive in passing on the GST savings to the final consumers and ensuring that there is no supply side deficiency.
As GDP private consumption data will be released much later, GST taxable value serves as the most reliable real-time proxy for consumption, and the current numbers clearly indicate sustained demand expansion, the official added.
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