Business

Loan installments for the Orange Line Train have surge to Rs. 25 billion

Loan installments for the Orange Line Train have surge to Rs. 25 billion

The yearly instalments of the Orange Line train operating in Lahore have been increased by Rs. 6 billion, according to budget records. This is concerning because operating in the face of a suffering economy and sky-high fuel prices will grow increasingly challenging, with the increase in loan instalments simply adding to the flames.

From Rs. 19 billion per year to Rs. 25 billion per year is a huge leap. Due to the currency depreciation and the concerns mentioned above, maintaining such a pricey undertaking has become a burden for the PMLN government.

To put things in perspective, the Punjab government owes more than Rs. 10.27 trillion in total loans.

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RELATED: Punjab Budget 2022-23- Punjab announces Rs3.23 trillion budget

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Business

Sibtain Ali is a Senior Editor Business at Pakistan Lounge and joined in October 2021. Formerly business editor at a renowned International News website

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