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

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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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With a loss of 32 paisas, the US dollar is now trading at 277 rupees on the interbank market.

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In the Interbank market, the United States dollar is currently trading at 277 rupees and 63 paise, indicating a depreciation of 32 paise. Yesterday, it reached a closing price of 277 rupees and 95 paise on the Interbank market.

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The price of gold has skyrocketed in Pakistan.

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Pakistan’s gold price recovered on Friday following a sharp drop the day before, mirroring worldwide market patterns.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola rose by Rs2,000 in the local market, ending at Rs278,800.

Likewise, the cost of 10 grams of 24-karat gold increased by Rs1,715 to Rs239,026.

With an extra $20 premium, the price of gold increased by $21 on Friday to $2,683 per ounce on the global market as well.

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The PSX-100 index reaches a record high and surpasses 93,000 points.

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Historically, the Pakistan Stock Exchange (PSX) exceeded the 93,000-point threshold for the first time, with the KSE-100 index increasing by 480 points to attain a record high of 93,001 points.

A significant milestone was reached on the final business day of the week, establishing a new record for the nation’s stock market.

Economists ascribe the market’s expansion to expectations of an enhanced economic rating for Pakistan and a favorable perspective on economic reforms. The session commenced positively, with the 100 index initially increasing by 250 points, reaching 92,770 points prior to the day’s zenith. The market concluded the prior day at 92,520 points.

Simultaneously, the Pakistani rupee appreciated as the dollar decreased by 20 paisa in the interbank market, now valued at 277.75 rupees. Economists attribute this enhancement to heightened remittances and a current account surplus, which have strengthened the rupee’s status.

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