Senate Body Raises Concerns Over Delays in Foreign-Funded Projects, NHA Financial Lapses

The Senate Standing Committee on Economic Affairs highlighted significant delays in foreign-funded projects and demanded greater transparency in procurement processes. The committee specifically scrutinized the National Highway Authority (NHA) for serious financial and contractual lapses, including an approximate Rs 5 billion mobilization advance for the CARIC Lodhran–D.I. Khan section. Projects reviewed included water schemes and major transmission lines, with concerns raised over implementation and consultant selection. While this news points to inefficiencies in project execution, its immediate impact on Pakistan's gold or currency rates is likely minimal, reflecting ongoing structural challenges rather than a sudden market shift.

بحوالہ / Source: www.brecorder.com