Pakistan Railways Revenue increases to Rs 20 billion: Saad

News Image

By MG News | July 01, 2017 at 07:17 PM GMT+05:00

0:00

Pakistan Railways has experienced surge of more than Rs. 20 billion in revenue and its deficit slashed by Rs. 10 billion during the last four years along with improved services for the people.

It was revealed in a tweet message by Minister for Railways Khawaja Saad Rafique which states that Revenue of Pakistan Railways has hiked by Rs. 20 billion and deficit has been lessened by Rs. 10 billion during the last four years.

During the last four years, the minister said that Pakistan Railways achieved exceeding its target set for each year and it would set precedent by achieving more than benchmark of Rs. 53 billion earmarked for the current fiscal year.

Meanwhile, the sources with in Ministry of Railways said, “Pakistan Railways has prepared working paper about the targets set for next year (2017-18) along with comprehensive details of generating revenue through diverse measures to achieve it.”

The sources further said, “Rs. 53 billion had been the revenue target set for fiscal year 2017-18 which would be 33 percent higher as compared to the preceding fiscal year.”

“The revenue target in the current budget is 94 percent higher as compared to the target set in 2013. Total revenue generation would be over Rs. 53 billion in next year which would be 33 percent higher against than that of preceding year (2016-17),” the sources maintained.

“Pakistan Railways spearheaded by Khawaja Saad Rafique will set the record of achieving highest ever revenue and its performance and services will further improve in the wake of effective reforms introduced in this sector,” the sources said.

Highlighting steps taken by the government to reduce deficit of the department, the sources said, “Passenger sector and freight sector earned billions of rupees due to the reforms inculcated by the present government in its tenure.”

“No bailout package was demanded from the government during the last four years and Pakistan Railways have sufficient fuel stock at present to operate the trains,” the sources said while attributing success story of Railway sector to the unrelenting efforts of Khawaja Saad Rafique.

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg