Tag: Loss

ISLAMABAD - Federal Board of Revenue (FBR) Chairman Salman Siddique submitted in the SC on Thursday a list of 58 officials who from January 01,2007 to December 24,2010, caused a whopping loss of Rs 19 to Rs 37 billion to the national exchequer over the last four years because of pilferage of containers which entered Pakistani territory in the garb of Afghan Transit Trade (ATT).
The list sent to the registrar's office through FBR's counsel Raja Irshad includes the names of former

SYDNEY - Retiring Paul Collingwood has been a great servant for English cricket and epitomises the tight-knit nature of the team, Ashes-winning skipper Andrew Strauss said on Friday. Collingwood, 34, said on Thursday it was time to move on and give younger players an opportunity in announcing his retirement from Test cricket. England's raucous Barmy Army supporters gave Collingwood an emotional farewell on the final day of the fifth Sydney Test as England wrapped up an emphatic 3-1

ISLAMABAD - The federal audit authorities have revealed that Pakistan Agricultural Storage and Services Corporation (PASSCO) suffered a loss of Rs 463.496 million in three separate cases by violating rules due to lack of internal control.
Pakistan's audit report 2009-10 pointed out that the PASSCO suffered a loss of Rs 411.260 million due to the purchase of sub-standard rice in violation of purchase agreement. "PASSCO's letter dated February 18, 2009 instructed all zonal heads to

LIVERPOOL - Liverpool manager Roy Hodgson insisted he could cope with the mocking taunts of supporters after his struggling side hit rock bottom this season. Fans turned on Hodgson during a shocking 1-0 home defeat by relegation-threatened Wolverhampton Wanderers at Anfield here on Wednesday. Thousands sarcastically chanted "Hodgson for England" after he replaced David Ngog with Ryan Babel during the second half while they also bellowed the name of club legend and former boss Kenny

ISLAMABAD - The Punjab government has not been able to recover over Rs 574 million from the officers/officials and contractors of the Punjab Food Directorate, mainly owing to its ineffective and insufficient recovery mechanism, points out an AGPR audit report for the year 2009-10.
The report reveals Rs 574.847 million were recoverable from a number of officers, officials and contractors of the Punjab Food Directorate. The scrutiny of the directorate's monthly recovery statements

LAHORE - Former PM and Pakistan People's Party (PPP) chairperson Benazir Bhutto's martyrdom was a great loss to the nation whose repercussions could never be overlooked, Pakistan Academy of Letters (PAL) Chairman and PPP leader Fakhar Zaman said on Tuesday.
"Every moment after Benazir's martyrdom has increased the nation's agony and present history is being written with her blood," Zaman said. The PPP leader paid rich tributes to services and sacrifices of the former PM and said

ISLAMABAD: Government has sustained a loss of revenue amounting to Rs 45 billion during the last six years due to tax evasion, smuggling and counterfeiting in the cigarette industry. Resultantly, the failure of the authorities to take concrete steps to curtail these violations has come under the spotlight.
According to a press release issued on Wednesday, industrial data reveals that government had to face a revenue loss of Rs 7.5 billion in the current year, Rs 6.5 billion in

GUANGZHOU: India's national coach Harendra Singh resigned on Tuesday soon after his team crashed to a 4-3 defeat to Malaysia in the Asian Games men's field hockey semi-final.
The loss, sparked by a golden goal from penalty corner ace Amin Rahim, meant India will have to go through the qualification rounds to book a berth for the 2012 London Olympics.
Only the winner of Thursday's gold medal clash between Malaysia and Pakistan will be granted a direct entry to the Olympics.

PARIS
A second half Gareth Bale hat-trick enabled Tottenham Hotspur to limit the damage on Wednesday but was still not enough to stave off a Champions League loss at holders Inter Milan in a seven-goal thriller.
Manchester United, meanwhile, missing injured and want-away striker Wayne Rooney, thanked an early Nani goal to see off Turkey's Bursaspor at Old Trafford to go two points clear of Rangers in Group C after the Scots could only draw 1-1 at home to Valencia.