The budget documents have revealed a Rs. 6 billion increase in the yearly installments of the Orange Line train operating in Lahore. This is worrying as it will become increasingly difficult to operate in the backdrop of a struggling economy and sky-high fuel prices, with the increase in loan installments only adding fuel to the fire.
Jumping from a phenomenal Rs. 19 billion per year to Rs. 25 billion per year. Sustaining such a costly project has become a challenge for the PMLN government due to the currency devaluation and the issues highlighted earlier.
To put things in perspective, the total accumulated loans owed by Punjab Government have exceeded Rs. 10.27 trillion.
Via 24News