Join our whatsapp channel for News Updates

Nepal’s only billionaire to build 1,000 free houses for affectees

07:21 PM | 7 May, 2015
Nepal’s only billionaire to build 1,000 free houses for affectees
KATHMANDU (Web Desk) – With monsoon season just few weeks away, providing shelter for thousands of people affected by last month’s earthquake is a big challenge for Nepal.
Nepal’s only billionaire Binod Chaudhary, 59, Wednesday announced he plans to construct 1,000 free temporary houses in the quake-affected districts.
The head of Chaudhary Group, which has stakes in instant noodles, education, construction, electronics and hospitality among others, is worth $1.3 billion and ranked as the 1,306th richest man in the world by Forbes magazine.
Besides the 1,000 houses, which are expected to cost anywhere between NRs 50,000 to NRs 100,000, the group also plans to build 9,000 more houses with coordination of donor countries and agencies, according to Hindustan Times.
Chaudhary, whose family originally hails from Rajasthan, also pledged to donate NRs 250 million (around Rs 15 crore) for quake relief and rebuild 100 damaged schools.
According to Nepal government estimates, over 500,000 houses have been damaged in the quake (28,000 completely and 237,000 partially) in the quake leaving nearly a million Nepalis homeless.
Thousands of quake affected are still sleeping in open spaces with just tarpaulins and plastic sheets to protect themselves from the weather.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates in Pakistan Today - PKR to US Dollar, Euro, Pound, Dirham, and Riyal - 21 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 21, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 21 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter