Pervez said the number of passengers had increased by almost 20 per cent over the last three months. PHOTO: FILE
MULTAN:
Pakistan Railways’ (PR) revenue has risen to Rs2 billion in the last two months, General Manager Anjum Pervez told the media at a press conference at division superintendent’s office at Multan.
The accumulated deficit now stands at Rs29 billion, “This will be completely erased over the next five years,” he said.
Pervez said that the government had devised a strategy to take the PR out of its crisis.
Pervez said the number of passengers had increased by almost 20 per cent over the last three months. “The PR has been instructed to maintain fuel reserves for two weeks,” he said, “Three months ago, no one was interested in helping the PR. We either had no fuel or would receive fuel on daily demand.”
A tender had been submitted to procure new engines, he said, “We have ordered 58 engines.” Two of them will be added to the engines squad on an experimental basis next month. If they meet the standards, more engines will be procured. “The quality of these engines will be strictly scrutinised,” Pervez said, “There will be no compromise on the standards and no company will get preferential treatment.”
Published in The Express Tribune, September 25th, 2013.
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By the way, The average annual revenue for 2005 - 2010 was 20.5 billion; 18.6 billion in 2011 and 15.4 billion in 2012. The 2 billion revenue in two months presented in the report also include Eid; and Eid holidays are the most profitable in the year.
A good step indeed by Mr Malik Saad Rafique. Though am a supporter of PTI but we should always appreciate the good steps of everyone. Recent studies show that if we could just take PIA,PSM and PR out of losses and operate them on no profit no loss basis, even then the whole defense budget can be covered by the govt with the money that it previously use to pay to cover the losses of these 3 giants.Let see if we can control PIA and PSM too. Good job done.
No one comments on good news. So here i am to praise the new government's railway policies. Good job! Need to do the same thing with other departments as well.