Tag: Loss

The Flood Inquiry Commission submitted its final report in the Supreme Court on Monday revealing that the negligence of Irrigation departments of Sindh and...

Sony Corporation will post its third straight annual net loss for the year that ended in March after writing off tax credits in the...

The federal audit authorities have unearthed a mega financial scandal in Karachi Port Trust (KPT), involving a loss of Rs 25 billion to the...

Market performance was a mixed bag after yesterday’s T-bill auction inched up yields on all tenders by 0.05-0.13 bps. The KSE-100 index closed at...

Pakistan’s batting was undermined by West Indies’ three frontline seamers and their bowling upstaged by another blistering innings from Lendl Simmons in a 10-wicket...

LAHORE - The floods of last years, despite wreaking havoc, had left the agriculture lands more fertile and the farmers hopeful of yielding bumper wheat crop this year. But experts seem to be wary of the recent wet spell in southern Punjab which they believe could hamper the standing wheat crop. Before recent rains, it was being expected that Pakistan could harvest over 24 million tonnes of wheat crop.
Speaking to Pakistan Today on Monday, chairman of Agri Forum Pakistan Ibrahim

LAHORE - Former Pakistan captain Asif Iqbal has said the reason behind the rise of the Indian Premier League is massive commercial gains. As for the exclusion of all Pakistani players from the IPL, Iqbal said that the loss was that of the Indian audience as well as the franchises. The Pakistan cricketers have not played in the tournament since its first edition in early 2008. "I think the exclusion of Pakistani cricketers have nothing to do with cricket.
I am absolutely sure

ISLAMABAD - The Federal Board of Revenue (FBR) told the Supreme Court on Wednesday that the national exchequer suffered a loss of Rs 7 billion due to evasion of customs duty by ISAF containers at the Chaman crossing along the Pak-Afghan border.
Appearing on notice, FBR Chairman Salman Siddique told a three-member bench of Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad Sair Ali and Justice Ghulam Rabbani that a total of 2,981 containers went missing, of which 408

LAHORE - Pakistan cricket might have made a move forward after putting up a decent show at the recently concluded World Cup, but the players were left teary-eyed after their semi-final loss to arch rivals India.
Talking to the media during a felicitation function hosted by the Punjab Chief Minister Shahbaz Sharif, the players expressed that the defeat to India was hard to comprehend as huge expectations were associated with the game. "Most of the players wept in the dressing room

KARACHI - The Port Qasim Authority (PQA) has suffered a loss of almost Rs 2 million in litigation over - what the sources say - useless issues at the hands of the authority's former deputed employee, Abdul Jabbar Memon.
Despite the fact that Memon is a government employee, he is also a member of the Sindh Bar Council (SBC) in clear violation of government rules.
He has been constantly involved in litigation with the PQA after his repatriation, thereby causing the authority

ISLAMABAD - Disappointed cricket fans on Wednesday blamed a sluggish Misbah-ul-Haq for defeat in the World Cup semi-final thriller with arch-rival India.
"We lost because of Misbah, as he did not score well when it was most required," angry fan Awais Shakir told AFP on Islamabad's main Jinnah Avenue as thousands of disappointed fans were leaving for home. "He just wasted time on the pitch." Fans in other Pakistani cities which ground to a halt for the game also criticised Misbah,

Karachi - The cement sector profitability analysis for the 2QFY11, based on sample size comprises of 17 listed companies, disclosed that losses to the sector have dwindled compared to the corresponding period of last year. In spite of lower cement demand, net loss stood at Rs 794 million compared to a loss of Rs 1,597 million last year, while net sales of the sector have improved by an annual 18 percent as a result of the 24 percent annual increase in average cement price. Although,

LAHORE - A man was gunned down over a monetary dispute in Ghaziabad on Sunday.
The deceased, Khalil Ahmad (30), was a Ghaziabad resident and had some monetary dispute with his business partner, who had born a business loss. Khalil's partner Akram was demanding his invested money back despite a loss.
Yesterday, Khalil was standing outside his home when Akram approached him and demanded money upon which a scuffle started, which ended with Akram shooting Khalil, who was rushed

ISLAMABAD - The minister of state for railways, Afzal Sandhu Wednesday informed the house that the Pakistan Railways had suffered a loss amounting to Rs 54213.653 million in the last three and half years.
"The PR suffered loss of Rs 5326.162 million in 2007-08, Rs 18609.121 million in 2008-09, Rs 20152.619 million in 2009-10 while the loss in the first half of the current fiscal year has reached to Rs 10125.751 million," the minister further informed the house during the Question

QUETTA - Shahzain Bugti, the provincial president of Jamhoori Watan Party (JWP) and grandson of slain Baloch leader Nawab Akbar Khan Bugti, Thursday rejected the ban imposed on his and his brother's movement and said he would claim compensation from the government for the loss of millions of rupees suffered daily.
He was talking to reporters after the hearing of his petition challenging the government order of restricting his movement. Shahzain said during the hearing, the

MELBOURNE - Rafael Nadal refused to use an injury as an excuse for his bitterly disappointing early exit from the Australian Open. Nadal appeared to injure his left hamstring in a drawn-out second game of the match and sought several medical timeouts to continue.
Nadal was not looking for excuses as he faced the media following his elimination and preferred instead to laud Ferrer's performance rather than dwell on his injury misery. Nadal said had not seen a doctor but believed

MELBOURNE - Australia's Samantha Stosur was determined to remain positive despite her straight sets loss to Czech Petra Kvitova in the third round of the Australian Open on Saturday.
"I'm obviously very disappointed to not win but I actually thought I played really well," she said. "It was so close, I mean, that first set. Don't really know how I lost it, to be honest. "Felt like I started playing a bit better and was probably on top of her and then all of a sudden it was gone