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Daily Times Says 600 Islamabad journalists to get houses: Farrukh says govt believes in freedom of expression
May 4, 2021
Minister for Information and Broadcasting Fawad Chaudhry has said that welfare of journalists and media workers is the government’s top priority and houses will be reserved for 600 journalists from Islamabad region.
The information minister said this during a meeting with Chairman Naya Pakistan Housing Development Authority Lt General (retd) Anwar Ali on Monday. Minister of State for Information and Broadcasting Farrukh Habib was also present on the occasion. Matters pertaining to inclusion of journalists in the Prime Minister’s Housing programme were discussed in the meeting.
Affordable housing
April 30, 2021
The PTI-led government must be given credit for launching the Naya Pakistan Housing Scheme which is aimed at strengthening the economically weaker segment of society. This scheme gives opportunity to people to buy homes at affordable prices. It will boost the country’s economy since millions of houses will be constructed under this scheme. The government has also established the Naya Pakistan Housing and Development Authority (NAPDHA) which will build five million homes across the country. It has also introduced a markup subsidy scheme. Potential homebuyers will obtain loans from commercial and Islamic banks and other financial institutions to purchase a home.
Lucky Cement Posts its Highest Profit Ever
Lucky Cement Limited has announced its financial results for the nine months that ended on 31 March 2021.
The company reported a consolidated highest ever profit after tax of Rs. 22.15 billion, up by 290% or 2.9x compared to Rs. 5.68 billion during the same period last year. This translates into earnings per share (EPS) of Rs. 56.36/share as compared to Rs. 14.38/share reported during the same period last year.
Further, on a consolidated basis, the Company achieved a gross turnover of Rs. 202.46 billion which is 63% higher as compared to the same period last year’s turnover of Rs. 123.99 billion. During the 9M 2020-21 under review, the Company’s consolidated net profit (attributable to owners of the Holding Company) increased by 292% as compared to the same period last year.
Business
April 29, 2021
KARACHI: National Bank of Pakistan (NBP) net profit increased to Rs7.708 billion during the quarter ended March 31, 2021, up 87 percent from Rs411.8 billion during the same quarter last year, a bourse filing said on Wednesday.
The EPS clocked in at Rs3.62 during Q1 2021 compared with Rs1.94 during the same quarter in 2020.
“The bank has delivered strong financial results, demonstrating resilience of its business model and efforts of its workforce in serving the nation and working with the government towards swift economic recovery in the country,” the notice said.
Given the significant drop in the policy rate as compared to the same period last year, gross mark-up/interest income was Rs48.5 billion being 33.2 percent lower, YoY, while interest/mark-up expense of the bank dropped by 52.0 percent at Rs26.9 billion.