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Historic Milestone Railways Achieves Record Revenue

Historic Milestone: Railways Achieves Record Revenue

The Pakistan Railways has achieved a remarkable milestone by generating an unprecedented revenue of Rs66 billion during the first nine months of the current fiscal year, surpassing financial constraints and defying expectations.

With the fiscal year nearing its end, the Pakistan Railways anticipates its revenue to exceed Rs80 billion by the conclusion of the year. This significant achievement is highlighted by the fact that in the corresponding period of the previous fiscal year, the revenue stood at Rs39.95 billion, marking a substantial increase of Rs26.05 billion or 49.17%.

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The Pakistan Railways has bolstered its operational readiness by ensuring a sufficient stock of diesel, equivalent to 10 days’ worth, to facilitate seamless train services, especially during peak periods. In preparation for the anticipated surge in train travel demand during the Eidul Fitr season, additional diesel procurement has been undertaken to guarantee uninterrupted operations.

Expressing gratitude to passengers for their trust in Pakistan Railways services, CEO Amir Ali Baloch noted that all Eid special trains witnessed full occupancy, with a remarkable 100% booking rate. In response to the escalating demand, measures have been taken to install additional coaches in Eid special trains to accommodate the surge in passengers during the festive season.

Furthermore, in a bid to alleviate financial burdens on its workforce, Pakistan Railways has expedited salary disbursements. Salaries for April will be credited to bank accounts five days ahead of schedule, marking a significant improvement from previous instances of payment delays, which were often prolonged by up to three weeks.

Despite facing several challenges, the ongoing fiscal year has proven to be profitable for Pakistan Railways, with earnings reaching Rs55 billion in the first eight months, compared to Rs37 billion in the same period in the previous fiscal year, representing an impressive increase of Rs18 billion or 49%.