Pakistan Railways earn over PKR 70 billion in FY 2023–24

Pakistan-Railways-earn-over-Rs70-billion-in-FY-2023–24

Even though Pakistan Railways was experiencing financial difficulties as a result of monsoon season flooding, the company managed to record earnings of over 70 billion rupees till the month of May (FY 2023–24).

According to the media reports, the Ministry official said that the department is expecting to generate revenues up to Rs. 80 billion by the end of this financial year through the consistent efforts and hard work of the Railway workers. The department’s revenue for the current fiscal year has increased dramatically from the approximately Rs. 40 billion it generated in the previous fiscal year (2022–2023). According to the officials, out of the Rs 70 billion in earnings, the passenger and freight trains were the main source of income, with additional cash coming from other departmental divisions.

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According to them, Pakistan Railways is currently running about 96 passenger trains, which is higher than they did 86 trains a year ago. Comparably, it ran 3.75 freight trains on average the year before, compared to seven freight trains this year. They said that the department stressed that, once work on the Mainline-I (ML-I) project begins, things will be more streamlined and that the problem of employee salary delays has already been rectified.

In response to a query, they stated that Pakistan Railways has strengthened preventative efforts to lower passenger train accidents and that, during the previous three months, there have only been six minor incidents nationwide that have resulted in no fatalities. The measures being made to prevent trespassing at unmanned level crossings and unauthorized sites have resulted in a significant drop in accidents, they continued.

The officials added that the staff is continuously monitoring the railway tracks across the country and conducting thorough inspections of the trains as the safety of the passengers is the top priority of the department.

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