Tag: Losses

PIA doles out billions in ‘out of court’ settlements

---Cases in courts weakened due to non-cooperation, destruction of important record by PIAC officials, audit notes ISLAMABAD: Pakistan International Airline Corporation (PIAC) has sustained a...

Cumulative loss of 5 govt institutions has reached Rs1tr, Fawad tells...

ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain Wednesday informed the Senate that cumulative loss of five government institutions had reached Rs 1...

NAB expected to grill former PM Abbasi in PSO losses case

PSO MD says Abbasi helmed energy ministry which raised import demand causing Rs20.5 billion losses ISLAMABAD: The National Accountability Bureau (NAB) is expected to grill...

Flights to New York suspended over mounting losses, NA body told

ECP asked to finalise dates of hearings of objections on delimitations as soon as possible   ISLAMABAD: Pakistan International Airlines (PIA) chief operating officer on Wednesday...

Govt plans to review loadshedding schedule: Awais Leghari

ISLAMABAD: Federal Minister for Power Awais Ahmad Khan Leghari on Thursday said the government was planning to review the power load-shedding schedule that it had...

PIA sustained Rs1.5b losses on New York service last year: aviation...

ISLAMABAD: Aviation Secretary Irfan Elahi on Wednesday informed the National Assembly's Standing Committee on Parliamentary Affairs that the Pakistan International Airlines (PIA) sustained losses...

PIA losses touch Rs300m as anti-privatisation protest enters third day

  JAC refuses, other union leaders reach Islamabad on aviation secretary’s offer for talks Employees of the Pakistan International Airlines (PIA) continued their countrywide protest against...

Govt looks for a fix as PIA auditors paint bleak picture...

  The federal government has shortlisted Hildenbrand Bernd, a German national, who is expected to take over as COO of PIA in the next few...

Capital’s traders suffer Rs 3b losses, decry shortage, inflation

ISLAMABAD/RAWALPINDI STAFF REPORT   The business community of Rawalpindi and Islamabad has said that it has suffered losses to the tune of Rs 3 billion as a...

Poor storage costs Pakistan 10-35 percent of agri produce per year

KARACHI Pakistan is losing billions of rupees every year due to lack of warehouses to store millions of tonnes of perishable agricultural items, including...

War against terror cost Pakistan $125b: Dar

Federal Finance Minister Ishaq Dar on Tuesday said the war against terror had cost Pakistan losses worth $ 125 billion, in addition to hampering...

Raging fire guts oil mills causing billions of rupee losses in...

Fierce fire in a cooking oil mill gutted raw material and processed oil, ghee and machinery worth billion of rupees here late Friday night....

Beijing floods caused ‘significant losses’: official

Weekend floods in Beijing caused "significant losses" and casualty numbers are still being tallied, the head of the worst-hit district has said, as residents...

Oil slides on deepening fears over eurozone

Oil extended losses in Asian trade Friday on growing concerns that the eurozone's debt woes could worsen, causing a global crisis that would ravage...

Gas losses

It is hoped that Sui Southern Gas Company’s (SSGC) impressive performance last year, adequately reflected in shareholder appreciation, will push more proactive measures as...

Index recovers on account of OGDC to post minor losses

Triple digit decline during early trade following regional and international trend was well countered singly through low volume strength in OGDC, thereby allowing the...

Range bound trading deflates KSE with minor losses

The KSE witnessed a range bound day of trading with benchmark KSE 100 index closing down 13 points at 11,976 levels. Interest was seen...