PolicyQuick read

PM Shehbaz orders third-party audit of all ongoing projects of National Highway Authority

Profit by Pakistan Today • • 1 min read

PM Shehbaz orders third-party audit of all ongoing projects of National Highway Authority

Prime Minister Shehbaz Sharif, according to Profit by Pakistan Today, directed that every National Highway Authority (NHA) project still underway be reviewed by an outside auditor on Tuesday. He also asked officials to draft a strategy for highways, motorways and expressways built through public-private partnerships. Chairing an NHA meeting, he said better road links were central to economic activity and pushed for more focus on remote areas.

The meeting heard that NHA revenue rose to Rs130 billion last financial year from Rs109 billion, and is projected to hit Rs160 billion this year. The authority is financing several schemes from its own income, including the Sialkot-Kharian Motorway (M-12), Kharian-Rawalpindi Motorway (M-13), the Peshawar Northern Bypass and the Jaglot-Skardu Road (S-1) reconstruction. Officials said 16 projects were in their final stages, while work on several others is expected to start soon.

Officials said the Sialkot-Kharian and Kharian-Rawalpindi motorways are being built under public-private partnership arrangements. The meeting also discussed a proposed Guru Nanak Expressway linking Kartarpur and Nankana Sahib, along with a Mansehra-Chilas Expressway via Naran, which officials said could cut the distance between those cities by 146 kilometres.

At a glance

  • NHA revenue rose to Rs130 billion last financial year from Rs109 billion.
  • The PM ordered a third-party audit of all ongoing NHA projects.
  • Officials said 16 NHA projects are in their final stages of completion.

Originally reported by Profit by Pakistan Today

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

Read the full story

Want the full article here?

Log in to read the full article in the Investify reader, in English or Urdu.

Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.

Built for PSX investors

Business news.Every filing, summarised.

Top stories from Pakistan's business press and key findings from every PSX announcement.

Investify announcement summary with key findings from a PSX filing
Investify app home screen with Pakistan business news and PSX filings