The future of the long-stalled Gwadar power plant remains uncertain as it appears to have reached yet another impasse a year after the previous Shehbaz Sharif administration had given the go-ahead to execute the project on imported coal as originally planned. The 300-megawatt power project has failed to make any headway despite it being listed as a “fast track project” under the multi-billion d
Trade ministers from around the world gathered in Abu Dhabi on Monday for a World Trade Organisation (WTO) meeting that aims to set new global commerce rules, but its ambitious chief Ngozi Okonjo-Iweala and delegates sought to curb expectations. The almost 30-year-old global watchdog, whose rules underpin 75 per cent of global commerce, tries to strike deals by consensus, but such efforts are b
Sales of Nestle Pakistan Limited (NPL) increased by 23.4 per cent to Rs200 billion in 2023 from Rs162.5bn in 2022. However, the profit-after-tax (PAT) marginally climbed to Rs16.5bn from Rs15bn. The company said that despite several external challenges, a focus on innovation and renovation and ensuring product availability, supported by investments behind the brands, helped in the revenue boost
ISLAMABAD: Commerce Minister Gohar Ejaz at the 13th World Trade Organisation Ministerial Conference (MC13) underscored the relentless onslaught of crises that have beleaguered member nations over the past years. Mr Ejaz’s remarks were delivered shortly after the inauguration of the MC13 in Abu Dhabi on Monday. The conference was presided over by Dr Thani bin Ahmed Al Zeyoudi, the UAE’s Minister
ISLAMABAD: All the power distribution companies (Discos) including K-Electric showed poor performance during 2022-23 against set targets, resulting in cumulative financial losses of about Rs1 trillion a year and adding more than Rs350 billion to the circular debt. Based on performance evaluation reports (PERs) of the Discos including KE, the National Electric Power Regulatory Authority (Nepra)