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Railways revenue reaches Rs15.968b in 9 months

Railways revenue reaches Rs15.968b in 9 months

LAHORE: Pakistan Railways has started bearing fruits as its revenue streams have registered a significant increase from June 10, 2013 to February 28, 2014 and department managed to earn Rs 15.968 billion.

The revenue streams of the department were Rs 11.497 billion as compared to preceding corresponding period, thus registering an increase of 39 per cent which is Rs. 4.470 billion. Ministry of Railways has informed that improvement in availability of locomotives through special repair of existing and procurement of new ones have also enabled the department to increase their number from 8 to 25 locomotive only for freight, thereby resulting in increase of daily departure of freight train from Karachi from almost nil to three trains.

Most of the resources are being allocated to freight sector which has produced encouraging results. The HSD Oil reserve was limited for two days which has been enhanced to 12 days to streamline the train operations while a comprehensive policy for advertising and branding on Pakistan Railways network is being formulated.