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Business May 4, 2021 KARACHI: Companies listed on stock market posted highest ever quarterly profits of Rs243 billion in the first quarter of this year, up 82 percent year-on-year and 11 percent quarter-on-quarter, a brokerage reported on Monday. Of them, start-run companies saw profit increase 15 percent year-on-year and 33 percent quarter-on-quarter, while privately managed companiesâ earnings improved by 119 and 5 percent. Private companies outperformed government companies during the outgoing quarter. Government companies outperformed private companies due to exceptional profits posted by Bank of Punjab, Oil and Gas Development Company, Pakistan State Oil, and National Bank of Pakistan. In Q1, the largest contributors to KSE-100 profitability were oil marketing companies (OMCs) followed by fertilisers, cements, banks and chemicals. Top contributors were banks, OMCs, exploration and production (E&P), cements, and textiles, said analyst Shankar Talreja ....
LAHORE:Chief Minister Sardar Usman Buzdar chaired a video-link meeting about the construction of low-cost houses for the underprivileged strata. SACM Dr Firdous Ashiq Awan, chief secretary, chairman. ....
Four retirement bosses quit: Shakeup at top of listed sector 3 May, 2021 05:00 PM 5 minutes to read Retirement village Govt entity hits out at confusing contracts . Video / Supplied Four heads of listed retirement businesses have left in the last few months, with the latest on Monday being Arvida s Bill McDonald. In November, Julian Cook of Summerset Group said he was retiring from the job he had done for seven years, having worked at the business for 10 years. Former CFO Scott Scoullar now heads that company. In March, Oceania Healthcare chief executive Earl Gasparich resigned and Metlifecare said it was employing him to implement its growth strategy. Oceania is now headed by Brent Pattison who was its CFO. ....
National April 30, 2021 LONDON: A Pakistani family has become the first in the United Kingdom to be granted an exemption from quarantining at a hotel on the basis of medical needs upon arrival from Pakistan. Pakistan has been put on the UK’s red list countries from which entry to the UK is banned to curb the spread of Covid-19. The exemption for the family was granted by the secretary of state for health and social care after Barrister Zahab Jamali approached the High Court for urgent consideration of the case of a disabled child, who has neuro-disability caused by Streptococcal Meningitis as a neonate. The medical condition causes developmental delay, learning difficulties and epileptic seizures. The nine-year-old’s father, Imran Khan, had filed the case on behalf of his son. ....
Top Story April 30, 2021 LONDON: A Pakistani family has become the first in the United Kingdom to be granted an exemption from quarantining at a hotel on the basis of medical needs upon arrival from Pakistan. Pakistan has been put on the UK’s red list countries from which entry to the UK is banned to curb the spread of Covid-19. The exemption for the family was granted by the secretary of state for health and social care after Barrister Zahab Jamali approached the High Court for urgent consideration of the case of a disabled child, who has neuro-disability caused by Streptococcal Meningitis as a neonate. The medical condition causes developmental delay, learning difficulties and epileptic seizures. The nine-year-old’s father, Imran Khan, had filed the case on behalf of his son. The child travelled to Pakistan with his mother on March 31, 2021, to attend a funeral. ....