Friday, December 1, 2023

Pakistan Railways Reports Profit of Rs 775 Million

Pakistan Railways, under the leadership of CEO Shahid Aziz, has reported operational profits of Rs775 million from July to September. During a recent discussion, Aziz highlighted an impressive 86% growth in revenue, resulting in earnings of Rs17.96 billion.

Aziz also discussed the collaborative ML-1 project with China, focused on revitalizing and expanding the railway network. Notably, the estimated cost of this substantial infrastructure project has been reduced from $9.6 billion to $6.6 billion.

Furthermore, the CEO revealed the department’s ambitious plan to introduce 100 daily trains between Karachi and Peshawar, with the goal of improving transportation and trade across the country.

Aziz emphasized the railways’ dedication to reducing travel time between Karachi and Lahore from over 18 hours to just 12 hours, promising increased efficiency and convenience for passengers.

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