ISLAMABAD: Pakistan R
ailways 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 on Saturday.
It was revealed in a tweet message by Minister for R
ailways Khawaja Saad Rafique which states that Revenue of Pakistan R
ailways 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 r
ailway minister said that Pakistan R
ailways 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 within Ministry of R
ailways said that “Pakistan R
ailways has prepared working paper about the targets set for next year (2017-18) along with c
omprehensive details of generating revenue through diverse measures to achieve it.”
The sources further said that “Rs 53 billion had been the revenue target set for fiscal year 2017-18 which would be 33 perc
ent higher as compared to the preceding fiscal year.”
“The revenue target in the current budget is 94 perc
ent 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 perc
ent higher against than that of preceding year (2016-17),” the sources maintained.
“Pakistan R
ailways spearheaded by Saad 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 that “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 R
ailways have sufficient fuel stock at present to operate the trains,” the sources said while
attributing success story of R
ailway sector to the unrelenting efforts of Saad.
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