LAHORE: Pakistan Railways (PR) while announcing a hike in fares on Saturday, disclosed that it will continue to suffer a loss of Rs100 million a month from the government’s decision to raise fuel prices.
PR sources said that the department is already facing a financial crisis and several trains have been suspended to arrest losses.
After the government raised prices of petroleum products again on Saturday, sources said its daily losses amounted to Rs300,000 daily.
As a means to balance the books in light of the hike, the department announced a five per cent increase in fares from September 1.
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