Mon, 05, 21
The incentivised package for the construction industry announced by Prime Minister Imran Khan in April 2020 has paid dividends within a year. Robust construction activities across the country have resulted in cement sales in the month of April to about five million tons, registering a growth of about 40 percent on month-on-month basis over April last year. Also, there has been enormous increase in cement exports, valuing $300 million during this period.
The incentivised package for the construction industry announced by Prime Minister Imran Khan in April 2020 has paid dividends within a year. Robust construction activities across the country have resulted in cement sales in the month of April to about five million tons, registering a growth of about 40 percent on month-on-month basis over April last year. Also, there has been enormous increase in cement exports, valuing $300 million during this period.
The Naya Pakistan Housing Scheme that envisaged building five million homes for the low-income group will remain a pipedream unless fundamental changes are made to the scheme using the customer lens.
As of May 2021, while there has been traction in lending to construction companies thanks to major tax concessions and the opportunity to whiten money the actual number of low-cost housing loans is a paltry 610 with the disbursed amount being Rs1.3 billion for the entire banking industry.
This disappointing figure is not due to the lack of focus on part of the State Bank of Pakistan (SBP). Rather, it’s because of some fundamental issues with the programme whose creators neglected to review the primary need of the low-income group.
The company has reported the highest profit after tax to date of PKR 22.15 billion of which PKR 3.93 billion is attributable to non-controlling interests for the nine months ended 31 March 2021.
PM Imran to speak to people over telephone today dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Daily Times
May 11, 2021
Prime Minister Imran Khan is once again addressing a live broadcast session to respond to the questions of the public.
People can contact with the prime minister on telephone number 051-9224900.
It is pertinent to mention here that the prime minister also took phone calls from people on April 4 at 11:30am and before that on March 28 during a telethon for the Naya Pakistan Housing Scheme.
“It is the practical implementation of the promise made by the prime minister to the masses in his victory speech that he would be answerable before the people,” a PTI leader said. During his previous interactions with the people during the last year, Imran Khan had focused on the coronavirus pandemic, urging the masses to realise the importance of practicing caution and wearing masks so Pakistan can successfully reduce spread of the virus.