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“Only 13 percent of toll tax collected by NHA from highways.”

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4 months ago

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Speaking to Federal Minister for Communications, Privatization, and Board of Investment Abdul Aleem Khan during a briefing on Wednesday, NHA Chairman Arshad Majeed Mohmand stated as much.

According to him, the Federal Minister for Communication has instructed for the refining process to begin, and both short- and long-term policy actions have been recommended.

Corruption and incompetence were not acceptable among NHA employees, according to Abdul Aleem Khan. In addition, he indicated that the private sector may be given control over toll collection in places where there were issues with revenue collection.

He gave the National Highway Authority the order to set annual revenue targets each year, which will undoubtedly boost the organization’s income and efficiency while also making a noticeable and beneficial impact.

In addition to utilizing professional expertise, people, and existing resources, the minister recommended that the NHA implement a self-reliance policy. He said, “In the future, NHA should be a financially secure and independent entity.”

While developing a business model that satisfies contemporary criteria has become imperative, one of the government’s primary concerns was improving the means of transportation.

The speaker went on, “By instituting a new vision in NHA, we should not only enhance our capacity globally by providing our expert services to other countries but also earn a significant amount of foreign exchange.”

High-quality roadways and motorways are being built throughout the nation, according to Federal Minister for Communications, Privatization, and Board of Investment Abdul Aleem Khan.

At a departmental briefing of the National Highway Authority (NHA), attended by the Chairman of NHA, the Federal Secretary of Communications, and other senior officers, the minister expressed the view that going forward, no motorway will be built with fewer than six lanes, and that the NHA’s top priorities will be the motorways from Karachi to Sukkhar and Sialkot, Kabul to Islamabad.

To ensure that they can meet future demands, he additionally ordered that all motorways be built with at least three lanes on one side.

He suggested building a toll plaza for high traffic and building public and private transportation in order to maximize revenue collection for the NHA.

The axle load regulations on these roads and motorways, he stated, should be rigidly enforced and should never be broken.

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Business

In interbank trade, the Pakistani rupee beats the US dollar.

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5 days ago

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In the international exchange market, the US dollar has continued to weaken in relation to the Pakistani rupee.

The dollar fell to Rs278.10 from Rs278.17 at the beginning of interbank trading, according to currency dealers, a seven paisa loss.

In the meantime, there was a lot of turbulence in the stock market, but it recovered and moved into the positive zone. The KSE-100 index recovered momentum and reached 116,000 points after soaring 1,300 points.

Both currency and stock market swings, according to analysts, are a reflection of ongoing market adjustments and economic uncertainty.

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Phase II of CPEC: China-Pakistan Partnership Enters a New Era

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6 days ago

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The cornerstone of economic cooperation between the two brothers and all-weather friends is still the China-Pakistan Economic Corridor, the initiative’s flagship project.

In contrast to reports of a slowdown, recent events indicate a renewed vigour and strategic emphasis on pushing the second phase of CPEC, known as CPEC Phase-2, according to the Ministry of Planning, Development, and Special Initiatives.

According to the statement, this crucial stage seeks to reshape the foundation of bilateral ties via increased cooperation, cutting-edge technology transfer, and revolutionary socioeconomic initiatives.

Planning Minister Ahsan Iqbal is leading Pakistan’s participation in a number of high-profile gatherings in China, such as the 3rd Forum on China-Indian Ocean Region Development Cooperation in Kunming and the High-Level Seminar on CPEC-2 in Beijing.

His involvement demonstrates Pakistan’s commitment to reviving CPEC, resolving outstanding concerns, and developing a strong phase-2 roadmap that considers both countries’ long-term prosperity.

At the core of these interactions is China’s steadfast determination to turn CPEC into a strategic alliance that promotes development, progress, and connectivity.

Instead of being marginalised, CPEC is developing into a multifaceted framework with five main thematic corridors: the Opening-Up/Regional Connectivity Corridor, the Innovation Corridor, the Green Corridor, the Growth Corridor, and the Livelihood-Enhancing Corridor.

With the help of projects like these, the two countries will fortify their partnership, and CPEC phase-2 will become a model of global economic integration and collaboration that benefits not just China and Pakistan but the entire region.

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The inflation rate in Pakistan dropped to its lowest level.

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6 days ago

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On December 2, core inflation as determined by the Consumer Price Index (CPI) significantly slowed, falling to 4.9% in November 2024 from 7.2 percent in October 2024.

The CPI-based inflation rate for the same month last year (November 2023) was 29.2%, according to PBS data.

Compared to a 1.2% gain in the prior month, it increased by 0.5% month over month in November 2024.

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