Losses

RAWALPINDI: Minister for Railways Sheikh Rashid Ahmed on Thursday vowed that he would improve train services, saying that he has challenged himself to finish off the burdening losses  faced by the organisation. The Awami Muslim League…

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 years due to the costs of improving privacy safeguards and slowing usage in the biggest…

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 weeks’ time. A two-judge bench, headed by Chief Justice of Pakistan Mian Saqib…

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 the national entity.  Headed by Chief Justice of Pakistan Mian Saqib Nisar, a…

AMSTERDAM: Oil prices rose 1 percent on Thursday, clawing back some of the losses made a day earlier, but US crude is on track for the steepest monthly losses in more than a year on demand concerns after floods knocked out a quarter of US…

KARACHI: Supermodel Ayyan Ali, booked on charges of currency smuggling, has so far suffered Rs200 million losses due to the placement of her name on Exit Control List (ECL), her lawyer said Tuesday.

PARIS: Mobile Internet sites face a new threat as millions download ad-blockers to their phones and tablets, removing pesky adverts but potentially wiping out billions of dollars in advertising revenue. 

KARACHI: The Economic Survey of Pakistan, released yesterday by Finance Minister Ishaq Dar, showed decline in losses caused by terror acts by a considerable margin.

LONDON: Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported.