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Tuesday, May 21, 2024

NHA saved Rs750 million through austerity drive, Murad Saeed

Pakistan Post, after facing a loss of Rs. 61 billion in the last 10 years, has now generated an amount of Rs750 million through austerity drive. Does PTI have any other plan to reform the PIA and Pakistan Railway?

Murad Saeed, Federal Minister for Communications, has released a two-year performance report of his ministry. The report highlights the targets set and subsequently achieved by the ministry after the PM’s announcement of austerity drive.

According to the report, the National Highway Authority (NHA) saved Rs750 million through austerity drive, announced by PM Khan after assuming charge of his office. “219 vehicles were auctioned in first 100 days”, the report stated and added that acquisition of land also increased between 2018-20 as compared to 2016-18.

The revenue of NHA was increased upto Rs50billion, while Rs12.57million were recovered by the authority during the period. The ministry has also released list of eight projects of NHA under public-private partnership in line with the vision of PM Imran Khan.

Speaking at a seminar titled “Challenges to Enforcement on National Highways and Motorways” arranged by National Highways and Motorway Police, last year, Murad Saeed had said tha his ministry did not get a single penny from the government and continued with its projects using its limited resources.

Read More: Pakistan Post Office raises Rs. 7 billion more in revenue, PIA also recovers

He had said more motorways would be constructed in the coming months with 1275 kilometers of new roads. After five years, Murad Saeed said, NHA would be able to build highways and motorways with its own resources. He also highlighted the importance and fruits yield by the austerity drive.

Murad Saeed had said the present government chose a difficult task of making the country economically stable first which required hard work, selflessness, and dedication.

The Pakistan Post, the official postal service of the country, faced a loss of Rs. 61 billion in the last 10 years, a parliamentary panel was told on December 14, 2019. Presenting statistics with regard to the performance of the organization, the Ministry of Postal Services told the Senate Standing Committee on Postal Services that faced a loss of Rs. 140 million in the year 2008-2009 and this loss swelled to Rs10 billion in 2018-2019.

Read More: Performance of PIA vs other airlines across the world during Corona

Notably, Pakistan Post has, apart from the austerity drive, recently initiated a number of new financial services including same-day delivery, electronic money order, postal rest houses, Pakistan foreign remittances and launching of the postal mobile application to overcome its previous losses in pursuit of its policy of providing efficient and economical services to meet the present-day requirement of postal clientele especially commerce and industry.