National Highway Authority (NHA) has undergone with the proposal that is set away from the 8 percent increase in toll rates for commuters using away with the national highway and motorway. This increase in the rates is besides an additional surcharge of up to Rs 50 for the sake of the cash transactions through electronic toll collection while pleading that inflation rate has somehow increased by the range of the 4.3% in 2017.
NHA Increases Toll Tax Rates On National Highways And Motorways
On the furthermore facts, NHA’s roads have also been comprising on with the 4.6% of Pakistan’s entire road network, but carry on with the more than 80% of the country’s traffic. The rate of inflation is taken away to be one one of the most important macroeconomic indicator that is used to determine the toll rates. As far as the toll rates have not been matching out in the timeline of the ever-increasing repair and so the maintenance costs, and that also almost 40% of NHA network is not tolled. Still, however, it has to be appropriately maintained. NHA is unable to come across with the meeting up of the growing needs, and this is widening its maintenance backlog category as well.
Information On Inflation Rises:
It is all the more a known fact that the inflation rate of Pakistan has been all the time increasing away and has been historical facing inflationary pressures. The surge in food and so as the commodity prices pushed the Consumer Price Index (CPI) to the higher form of the levels. The non-food component also increases throughout the fiscal year that is allowing the transport group, fuel, and lighting group as it has been revealed by the NHA’s documents. It has been presented in the documents that the inflation rate in Pakistan has increased by 4.3% in 2017 as just compared to the previous year 2016 2.86%. Therefore, to cope by means to increase on with the maintenance cost the toll rate on national highways and motorways are required to be on the whole rationalized. The rationalization of rates was due on the time of the 1st July 2017. It has been on the whole proposed that the toll rates should be rationalized for national highways and motorways w.e.f. 1st July 2018 for the time of the period of 3 years. Nevertheless, the present existing rate for the car on the Islamabad-Peshawar motorway is Rs 210 while the proposed rate has to be almost Rs 230. For Faisalabad-Gojra, the real toll is Rs 90 whereas it should be Rs 100. In the same way, the wagon vehicle that is up to 12 seaters existing rate on Islamabad-Peshawar is almost Rs 350 and proposed is Rs 380. On the Pindi Bhattian-Faisalabad, it is Rs 130 and proposed Rs 140. The same is proposed for the place of the Faisalabad-Gojra and Khanewal-Multan. Or wagon 13-24 seats coaster/minibus existing rate on Islamabad-Peshawar is 490 and proposed is Rs 530. On Pindi Bhattian-Faisalabad its Rs 190 and proposed Rs 210. The same is proposed for Faisalabad-Gojra while existing on Khanewal-Multan is Rs 180 and proposed Rs 190.
