ISLAMABAD: The federal government has proposed a development budget exceeding Rs1.1 trillion for the fiscal year 2026-27 (FY27), with significant allocations earmarked for water resources, power projects, transport infrastructure and education initiatives. Read More: Punjab likely to unveil tax-free budget for next fiscal year According to budget documents, Rs754.9 billion has been proposed under the federal […]
National Highway Authority
NHA operates with Rs 43 billion surplus, rejects ‘loss-making’ labels
The National Highway Authority (NHA) on Monday dispelled recent reports labeling it as a loss-making State-Owned Enterprise (SOE), saying such claims stem from a misreading of accounting entries rather than its actual operational performance. A financial fact-check of the Authority’s audited accounts shows that for FY 2024-25, NHA recorded a robust Net Operating Income of […]
Pakistan’s state-owned enterprises losses surge in FY25 despite profit gains elsewhere
ISLAMABAD: Pakistan’s state-owned enterprises posted sharply higher losses in FY2025, with aggregate net losses surging by 300% year-on-year, according to a finance ministry report cited by The News on Saturday. Read More: SOE financial losses surge threefold despite reforms Overall net losses rose to Rs123 billion in FY25, compared with Rs30.6 billion in FY24. A […]
PM holds NHA meeting amid fears $360m Carec loan may lapse
ISLAMABAD: Prime Minister Shehbaz Sharif convened a high-level meeting on Wednesday to review the affairs of the National Highway Authority (NHA), focusing on the Central Asia Regional Economic Cooperation (Carec) Tranche-III project, after the Asian Development Bank (ADB) warned that a $360 million loan could lapse next year due to delays. Read More: Senate panel […]
‘NHA to complete N-25 connecting Karachi, Quetta and Chaman in two years’
Federal Minister for Communications Abdul Aleem Khan has stated that the National Highway Authority (NHA) will complete the 813-kilometer long Pakistan Expressway (N-25) connecting Karachi-Quetta-Chaman within 2 years for which initial work has already commenced. He expressed these views while talking to Governor Balochistan Jaffar Khan Mandokhail who called on him here on Wednesday, said […]
KP weighs bridge financing to complete Peshawar Northern Bypass
The Khyber Pakhtunkhwa government is considering a Rs5.3 billion bridge financing arrangement to ensure the timely completion of the long-delayed Peshawar Northern Bypass project. The move comes amid concerns that inadequate federal funding could further prolong the project and increase costs. Read More: NHA owes contractors over Rs 73 billion in unpaid dues The over […]
PSDP funds underutilized: Just Rs 76 billion spent by October
ISLAMABAD: The government spent only Rs 76 billion on development projects between July and October 2025. This represents just 7.6 percent of the total Public Sector Development Programme (PSDP) budget. Officials cited delays in fund release and flood-related damages as reasons for the slow spending. According to the Ministry of Planning, the government planned to […]