Pakistan's Highway Authority Drowns in Debt Despite Soaring Tolls

• Pakistan's highway management body is the federal government's most expensive liability, facing mounting borrowings and widening annual losses.
• Official assessments reveal a fundamentally broken financial model, with the authority operating on a built-in deficit and relying on national exchequer injections.
• Ranked as the biggest loss generator in the public sector, its cumulative losses exceed PKR 2 trillion, with nearly half added in three years.
• Outstanding liabilities are estimated at PKR 3.1 trillion, expanding by PKR 300 billion annually, with interest payments consuming PKR 100 billion.
• Despite increased tolls and fresh government loans, financial health has not improved; income growth fails to match expenses, leading to massive deficits.