Local UpdatesHyderabad1 min read
RT by @fhafeez64: The federal government has secured $705 million for three key sections of the long-awaited Motorway, with major contracts anticipated to be awarded by late 202
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Source: X (@developingpak)
Shared on NeshSource: X (@developingpak)
Read originalThe federal government has secured $705 million for three key sections of the long-awaited #M6 #Sukkur #Hyderabad Motorway, with major contracts anticipated to be awarded by late 2026. However, funding and execution delays remain a central topic of discussion. During a recent Senate Standing Committee meeting led by Senator Quratulain Marri, lawmakers raised serious concerns over project timelines and the broader management of foreign-funded development projects under PSDP 2026–27. Key Financial Highlights: 🔹 Total Foreign-Funded Projects: 98 active projects valued at over Rs 8,099 billion (including Rs 4,649+ billion in foreign assistance). 🔹 Rupee Cover Shortfall: While Rs 537 billion was requested for rupee cover, fiscal limits led the National Economic Council (NEC) to approve Rs 255 billion out of an overall Rs 1,000 billion PSDP budget. The focus moving forward remains on balancing fiscal constraints, reducing reliance on external debt, and ensuring timely completion of critical national transit corridors like the M-6.
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