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All Stories: Losses

IMF asks govt to lower PIA losses

KARACHI: The International Monetary Fund (IMF) has asked the federal government to minimize the losses of Pakistan International Airlines (PIA), ARY News reported on...

Pakistan suffered heavy losses due to Afghan war: PM Imran

When asked if Islamabad would allow the Central Intelligence Agency (CIA) to conduct cross-border counter-terrorism missions in Afghanistan, he replied: “Absolutely not.”

CAA incurred over Rs1.4bn losses in three years, aviation minister states

Ghulam Sarwar presented figures of losses incurred by CAA in the years 2018- to 2020, since the rule of his party, totaling to over Rs1.4bn

Oil extends losses on worry over possible supply increase from OPEC

Brent crude dropped 78 cents, or 1.2%, to $62.91 a barrel by 0138 GMT, after losing 1.1% the previous day. U.S. West Texas Intermediate (WTI) crude slid 74 cents, or 1.2%, to $59.90 a barrel, having lost 1.4% on Monday.

Karachi Circular Railway running into losses

Karachi Circular Railway (KCR) train service – restored after 25 years to facilitate people of Karachi has added to the woes of Pakistan Railways

PIA incurs Rs250bn loss after suspension of EU flights

It was feared that PIA may face more losses of Rs54billion if the restrictions remain intact, he added. 

Railways inflicted Rs187bn losses on national kitty in 5 years, Senate told

It posted the highest ever loss of Rs50.15 billion in the last fiscal year

PIA losses expected to reach Rs100 billion amid coronavirus pandemic

The target of revenue for the current year was set at Rs196 billion. 

Top PIA officials announce voluntary cut in salaries amid losses

All PIA operations within and outside the country remain suspended due to the global spread of virus.

PIA losses brought down to 50 percent: CEO  

He further announced that the PIA would soon add two more planes in its air fleet to improve their performance.

Malaysia’s ruling coalition loses seat in state by-election

'The constituency was won by Barisan Nasional - Malaysia’s grand old party that was ousted in a national election last year after over 60 years in power'

India sacks Air Marshal after heavy losses by PAF

'Harikumar was posted as Western Air Command chief in January 2017'

‘Sarmay-e-Pakistan’ company established to eliminate state owned entity’s losses

'The company should be used for development and welfare of Pakistan'

Railways losses case: Saad Rafique appears in SC

ISLAMABAD: Former railways minister Khawaja Saad Rafique was presented before the Supreme Court on Thursday for hearing of a suo motu case pertaining to...

Sheikh Rashid vows to finish off Rs40bn debt faced by railways

RAWALPINDI: Minister for Railways Sheikh Rashid Ahmed on Thursday vowed that he would improve train services, saying that he has challenged himself to finish...

Facebook’s grim forecast: privacy push will weaken profits for years

Facebook Inc’s shares lost as much as a quarter of their value on Wednesday after executives said that profit margins would plummet for several...

Railways losses: Supreme Court seeks audit report in six weeks

LAHORE: The Supreme Court on Saturday ordered the authorities concerned to submit a report on audited accounts of the loss-making Pakistan Railways within six...

Rs60bn losses: Supreme Court orders audit of Pakistan Railways

LAHORE: The Supreme Court on Saturday ordered a complete audit of Pakistan Railways to fix the liability for multi-billion rupees financial losses incurred by...

Oil claws back some losses; US crude set for steepest fall in a year

AMSTERDAM: Oil prices rose 1 percent on Thursday, clawing back some of the losses made a day earlier, but US crude is on track...

Trump Taj Mahal casino to shut down after huge losses

WASHINGTON: The Trump Taj Mahal casino in New Jersey's Atlantic City, once owned by Republican presidential nominee Donald Trump and which still bears his name, is to close, its current owners announced Wednesday.
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