Advertisement
Categories: BusinessNews

Pakistan Railways Achieves Record Revenue of Rs 66 Billion

Advertisement

Pakistan Railways has accomplished a remarkable feat, earning an unprecedented revenue of Rs 66 billion in the first nine months of the financial year 2023-24, despite facing financial constraints exacerbated by monsoon floods.

With consistent efforts and dedication, the department anticipates reaching a revenue target of Rs 80 billion by the fiscal year’s end.

Comparing to the previous year’s revenue of around Rs 39 billion during the same period, this marks a historic increase in earnings. The revenue was derived from both passenger and freight trains, along with contributions from other sectors within the department.

Currently, Pakistan Railways operates 96 passenger trains, up from 86 trains the previous year, and has increased the number of freight trains from an average of 3.75 to seven. The department has resolved issues regarding delayed payment of salaries, with further improvements expected once work on the Mainline-I (ML-I) project commences.

Efforts to enhance safety measures have resulted in a significant decrease in passenger train accidents, with only six minor incidents reported in the last three months, all without casualties. These efforts include mitigating trespassing at unmanned level crossings and unauthorized locations, with continuous monitoring of railway tracks and thorough inspections of trains to prioritize passenger safety.

Advertisement
News Desk

Recent Posts

Israeli Settlers Block Palestinian Kids’ School Access with Tear Gas and Barbed Wire

Palestinian villagers in Umm al-Khair report new barbed wire fence blocks path to school Israeli…

25 minutes ago

Hungary’s New PM Vows to End Russian Energy Dependency Amid Painful Transition

Kyiv: In the hours before Peter Magyar defeated Hungary's longtime leader Viktor Orbán in Sunday's…

58 minutes ago

FPCCI Hails Rs 134.81 Diesel Price Cut Boosts Export Competitiveness, Says Atif Ikram Sheikh

Karachi witnessed a significant reduction in high-speed diesel prices following the federal government's decision to…

1 hour ago

Nine Dead in Second Turkey School Shooting; Victim Was Former Police Officer’s Son

Nine people have died and 13 wounded following the second school shooting in Turkey within…

2 hours ago

Ruet-e-Hilal Committee Meeting on April 18 for Zilqad Moon Sighting

The Ruet-e-Hilal Committee has announced plans for a meeting to observe the moon sighting of…

2 hours ago

London Police Hunt 2 Suspects for Synagogue Arson Attempt Amid Antisemitic Rise

London Police Hunt Two Suspects After Attempted Arson Attack on Synagogue On Wednesday, London police…

3 hours ago