Pakistan Railways' revenue soars by 46% YoY to Rs41bn in 1HFY24

January 02, 2024 (MLN): Pakistan Railways' revenue during the first half of the fiscal year 2023-24 reached Rs41 billion, reflecting a significant year-on-year surge of 46%, according to a press release issued today.

The Federal Minister for Communication, Railways & Maritime Affairs, Shahid Ashraf Tarar has commended the efforts of Railways Staff and management for record revenue earning.

The entity earned Rs24bn from passenger trains and Rs11.5 bn from freight trains in the first six months.

While the income from other sectors stood at Rs5 billion rupees.

The increase in revenue is the result of effective and efficient reforms introduced by Pakistan Railways management and the tireless work and dedication of railway employees.

Ministry of Railways introduced several reforms since last year to bring operational efficiency to the department.

The introduction of ERP has brought greater efficiency in human resource management and transparency in financial matters.

The launching of the RABTA APP has made traveling management easy for passengers.

In addition, the first-ever Land Rules approved by the government for better utilization of railway land to create more revenue-generation avenues for the Railways was also a significant development during the review phase.

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