Striving to increase resources, NHA collected Rs.2 billion by allowing commercial use of ROW

News Image

MG News | August 27, 2018 at 05:22 PM GMT+05:00

0:00

National Highway Authority (NHA) has collected Rs.2 billion by allowing commercial use of its right of way (ROW) during last fiscal year.

The serious efforts of the NHA to increase its revenue could be gauged from the fact that in 2013-14, it collected Rs.470 million from the use of ROW but in 2018, the figure reached Rs.2 billion and it is hoped that in coming few years the figure would increase further, said an official of NHA on Monday.

He said that the NHA has been fulfilling the responsibility of construction and expansion of motorways, national highways, expressways and bridges and it needs heavy funds for their maintenance and repair.

The NHA spends the money collected from the auction of toll plazas on the maintenance and repair of the roads, however this amount is not sufficient to maintenance and repair of vast network of its roads all over the country.

To meet its requirements, the NHA has been striving to increase its resources and revenue being collected from use of its right of way has registered steady increase during past few years, he remarked.

To a question he said that the rates of use of NHA's ROW are assessed keeping in view the traffic flow on the road, presence of factories and other business concerns in the area.

He said by June 2018 NHA had issued a total of 2,953 no objection certificates which included 32 NOCs to housing societies while 42 NOCs were issued to industrial concerns.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 170,741.35
410.45M
0.52%
876.82
ALLSHR 103,176.20
904.54M
0.44%
451.08
KSE30 51,932.10
160.24M
0.51%
261.68
KMI30 245,585.80
136.41M
0.55%
1354.98
KMIALLSHR 67,531.86
525.58M
0.58%
390.03
BKTi 45,672.13
42.39M
0.35%
160.88
OGTi 34,337.06
26.90M
1.63%
550.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 86,410.00 90,250.00
86,200.00
-4030.00
-4.46%
BRENT CRUDE 60.15 61.50
60.13
-0.97
-1.59%
RICHARDS BAY COAL MONTHLY 91.00 0.00
0.00
1.15
1.28%
ROTTERDAM COAL MONTHLY 95.75 96.50
95.75
-0.95
-0.98%
USD RBD PALM OLEIN 1,016.00 1,016.00
1,016.00
0.00
0.00%
CRUDE OIL - WTI 56.42 57.80
56.40
-1.02
-1.78%
SUGAR #11 WORLD 14.86 15.13
14.78
-0.24
-1.59%

Chart of the Day


Latest News
December 15, 2025 at 04:59 PM GMT+05:00

PKR remains flat against USD


December 15, 2025 at 04:10 PM GMT+05:00

PSX Closing Bell: Keep On Rising


December 15, 2025 at 03:58 PM GMT+05:00

SBP cuts policy rate by 50bps to 10.5%


December 15, 2025 at 03:39 PM GMT+05:00

Fecto Cement faces temporary suspension at Sangjani Plant


December 15, 2025 at 03:25 PM GMT+05:00

Pakistan swaps handouts for handshakes



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg