Tag: Losses

The traders and business community of the federal capital has strongly opposed the government’s decision to observe two weekly holidays - Sundays and Saturdays...

Euro zone countries will ask banks to accept losses of up to 50 percent on their holdings of Greek debt, officials said on Wednesday,...

The national assembly standing committee on economic affairs and statistics was shocked to learn on Thursday that the utiliation of $105 million out of...

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH and RC) remains committed to the free treatment of poor cancer patients but is incurring...

Pakistan Railways (PR) may face further losses if the proposal for giving goods trains to National Logistic Cell (NLG) is approved, since the Cell...

The Peshawar Electricity Supply Company (PESCO) is presently facing losses worth Rs 40 billion because of widespread power theft and a large number of...

If Pakistan Railways is not purged of corrupt, dishonest and incompetent elements, the day is not far when one of the largest and strategically...

BBC journalists began a 24-hour strike on Friday in a row over job losses, disrupting some of the British broadcaster's flagship programmes. Picket lines...

Irregularity and corruption in Pakistan Railways (PR), which have caused losses of billions of rupees to PR, could be gauged by the fact that...

The Korangi Industrial Area (KIA) has suffered production and monetary losses of Rs 2 billion in the two days strife going on in Karachi,...

Development schemes approved for the personal benefit of Pakistan People’s Party (PPP) Member Provincial Assembly (MPA) Dr Ahmed Ali Shah have incurred losses of...

Violating the government’s instructions, Pakistan Television Corporation (PTVC) made an inadmissible payment of amounting to Rs 141.9 million in bonuses to its officers and...

GEPCO Chief Executive Mehboob Ali has suspended Hafizabad Division Executive Engineer Rana Ishtiaq for his failure to decrease line losses and has appointed Muhammad...

ISLAMABAD - Even after being provided a massive financial bailout package worth Rs 21.5 billion during the last two fiscal years, the Pakistan Steel Mills (PSM) is still incurring losses of Rs 9 billion per annum.
A source at the Ministry of Industries said the government had already provided Rs 6 billion in cash to the PSM while giving a sovereign guarantee of Rs 15.5 billion to commercial banks. However, he said, the state-owned entity was still in the red, as it was causing a

KARACHI - The protection of intellectual property (IP) in a country like Pakistan has assumed paramount importance as IP theft in various forms has reached staggering proportions, Byco Petroleum Pakistan Limited President Kalim A Siddiqui has said.
He indicated this while delivering his keynote address as guest of honour at an International Conference on Intellectual Property Rights (IPR). Siddiqui in his address said the magnitude of the IP problem could be judged from the fact

ISLAMABAD - The largest public sector entity in oil distribution, Pakistan State Oil (PSO) is facing mounting losses. The company owes Rs 138.541 billion compared to a receivable amount from direct payments of Rs 136.200 billion.
Different national institutions including power generation as well distribution companies have to pay the amount Rs 138.541 billion to Pakistan State Oil (PSO) out of which payment of Rs 117.494 million is due. According to sources in PSO, WAPDA, HUBCO,

ISLAMABAD - The Supreme Court on Monday granted one month to the Federal Board of Revenue (FBR) to prepare a final report on the whopping losses of Rs 19 billion to Rs 36 billion caused to the national exchequer by the containers meant for supplies to ISAF forces in Afghanistan, which entered the Pakistani territory over the past four years in the name of Afghan Transit Trade (ATT) and pilfered causing the losses.
A three-member bench comprising Chief Justice Iftikhar Muhammad