The National Highway Authority (NHA) is struggling with financial challenges, as its total debt climbs to Rs3.1 trillion. This year’s losses exceed Rs1.82 trillion. Despite having Rs5.8 trillion in assets, NHA’s revenues are only Rs54.15 billion, raising concerns about its sustainability.
In a statement, Communications Minister Abdul Aleem Khan noted that NHA’s net deficit for fiscal year 2024-25 is Rs318.03 billion, down 23% from the previous year. However, the deficit has nearly doubled since FY22, highlighting ongoing financial strain.
The minister explained that the federal government supports NHA through cash development loans in the Public Sector Development Programme (PSDP). He stressed that the deficit includes non-cash expenses, indicating that NHA is not incurring real financial losses.
A report from the Central Monitoring Unit reveals that NHA’s debt is increasing by Rs300 billion annually. The current markup obligation is Rs98 billion, expected to exceed Rs150 billion in the coming years. The Ministry of Finance has identified significant risks, including credit, market, and operational risks, putting further pressure on government finances.
A follow-up meeting was held here Monday between Federal Minister for Finance and Revenue, Senator…
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 663.42…
The Rupee on Monday appreciated by 05 paisa against the US Dollar in the interbank…
The price of 24 karat per tola gold increased by Rs.1,100 and was traded at…
Textile exports witnessed an increase of 9.31 per cent during the first eight months of…
Federal Minister for Commerce Jam Kamal Khan on Monday informed the National Assembly that Pakistan's…
Leave a Comment