Thursday, December 5, 2024

Pakistan Railways Revenue Rises 14% to Rs 33 Billion in Last Five Months

Pakistan Railways has reached a major financial milestone, recording a 14% year-on-year revenue increase in the first five months of the current fiscal year. The railway’s earnings rose to Rs33 billion during this period, compared to Rs29 billion in the same period last year. This Rs4 billion growth highlights improved operations and better revenue strategies.

This achievement builds on the railway’s strong performance in the 2023-24 fiscal year, where it earned a record Rs88 billion. This figure not only exceeded the target of Rs73 billion but also showcased significant contributions from various segments. Passenger train services brought in Rs47 billion, goods transportation earned Rs28 billion, and other sources contributed Rs13 billion.

CEO Aamir Ali Baloch shared plans for future growth, announcing that groundwork for the Main Line-1 (ML-1) project will begin in March 2025. This ambitious initiative is expected to boost the railway’s efficiency, profitability, and long-term sustainability.

The consistent revenue growth demonstrates the railway’s commitment to improving services and maximizing resources. With these achievements, Pakistan Railways is set to play a more significant role in the country’s transportation sector and overall economic development.

As the railway continues to modernize and expand, it aims to provide better services for passengers and businesses while contributing to national progress.

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