Sunday, July 14, 2024

Pakistan Railways Reaches Record Revenue of Rs. 88 Billion in a Year

Pakistan Railways has reached a historic milestone by reporting a record-high revenue of Rs 88 billion for the financial year 2023-24. This marks a remarkable 40 percent increase from the previous year’s revenue of Rs 63 billion, setting a new record for Pakistan Railways.

At the beginning of the financial year, the government had set a revenue target of Rs 73 billion for the department. However, the actual earnings surpassed expectations by a significant margin, reflecting the department’s strong performance.

The revenue sources are detailed as follows: Rs 47 billion came from passenger trains, Rs 28 billion from goods vehicles, and over Rs 13 billion from land and other sources.

Aamir Baloch, CEO of Railways, credited this unprecedented achievement to the dedicated efforts of railway employees. He emphasized a commitment to further increasing the department’s income, aiming to reach Rs 1 trillion in the next financial year.

This achievement highlights Pakistan Railways’ efforts in boosting revenue through efficient operations and strategic planning, contributing positively to the country’s transportation sector and economy.

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