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Pakistan Railways suffers Rs100m in losses a month
Hike in fuel prices compounds revenue problems at railways with the department suffering losses worth Rs300,000 a day.
Railways is suffering losses worth Rs300,000 a day due to hike in fuel prices. PHOTO: AFP
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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Why is a national asset like railways
given to a pretty provincial party like ANP???
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ANP minister is responsible for ruining this national asset
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ANP, traditionally is an Anti-Imperialist party and rightly working on its manifesto by tryint to remove imperial British’s last left-over in the land of pure.
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Clearly an evidence of “foreign hand” that is out to deny Pakistan the glory it deserve ;-0)
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Rs three lakhs losses daily is mind boggling. How is this possible that no revenue is being generated until and unless the loot is being shared by the top bosses.
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OMG !! i never knew pakistan had railways!!!
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ANP Minister Ghulam Ahmad Bilour hired tons of his favorites , who are sucking last drops from the fragile body of Pakistan Railways.Recommend
Where are the CHinieses………….Engine thick kar do please………..Recommend
<pthis shouldn't come as a surprise.Recommend
the person who inducted him as Railways Minister should be punished severely for destruction of railways.Recommend
ET your math is problematic. A loss of 300,000 per day means a loss of 3 million in 10 days or 9 million in a month. How did you come to a loss of 100 million in a month – unless you thik that million in the same as lakh. (For your reference 10 lakhs = 1 million).
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What would it take to realize that Railway minister is the most incompetent minister railway ever has? If this many doesn’t quit himself then railways employees should kick him out before they all lose their jobs.
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@Eckhart johnson:
Please educate yourself. It will be good for you
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Well here is option for Pakistan to save its railway and make it a pride of the nation. Allow India to have transit access to Afghanistan and Iran via Pakistan in exchange of revitalizing Pakistan railway. Equipment in both countries is same. Allow train to travel from Dhaka to Kabul or Tehran and beyond. India has expertise in making profit from railways. The million dollar question is Can Pakistan think out side the box (read Kashmir and Afghanistan). This all can be free and can happen very fast. Imagine tourist traveling in palace on wheel from Dhaka to Tehran.
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pakistan is a small country… i think it should continue concentrating on road infrastructure rather than railways….as it is pakistan is famous in world for its smooth roads equivalent to that of developed country…
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Pakistan has lot to learn from Indian railways which is making profit as well as providing quite good services to the consumers. Moreover, India is manufacturing locomotives and coaches of world class quality which are being exported as well.
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Time to beg for second hand engines from Great friend China..
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becuase of m1 and m2 moterway people have stopped using railways and the government will make more moterways the railways will suffer more
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and your railways minister is more worried about fatwas.
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