Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Whether or not this should be treated as a part of the fiscal deficit is a matter of judgment. However, a summation of all such borrowings should be furnished by the government itself. Money borrowed for roads and railways – with an Operating Ratio of 110 – is going to give us a bumpy ride.
Whether or not this should be treated as a part of the fiscal deficit is a matter of judgment. However, a summation of all such borrowings should be furnished by the government itself. Money borrowed for roads and railways – with an Operating Ratio of 110 – is going to give us a bumpy ride.