Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Railways revenue target hiked from Rs28 billion to Rs31 billion: Saad

byCustoms Today Report
09/11/2014
in Business
Share on FacebookShare on Twitter

LAHORE: Railways Minister Khawaja Saad Rafique has revealed that 70 locomotives would be dedicated for freight sector of Pakistan Railways before the end of fiscal year 2014-15.

He also said that the PR revenue target had been increased from Rs28 billion to Rs31 billion while the expenditures decreased from Rs65 billion to Rs62.5 billion. Railways minister Khawaja Saad Rafique made these announcements while addressing a press conference at Railways Headquarters here . The minister held that the public utility would be rehabilitated in next one and half year and turned into a stable organisation till the end of PML-N government’s tenure.

You might also like

Govt cuts petrol price by Rs6, diesel Rs6.80 per litre

23/05/2026

US wants partnership with Pakistan in mining, skills and industrial growth

22/05/2026

He said the department would be able to compare itself with the regional railways within 10 years.  The Railways was going to add 10 locomotive of National Logistic Cell in its fleet and the agreement will be held on November 14, he announced.

As per the minister, the performance of the PR was presented before the Prime Minister and Federal Cabinet and was appreciated by the both. “I congratulate the Railways’ management and all employees for working hard for the betterment of the department and hoping that they will continue their efforts in same lines with the same spirit.” He said that provincial governments except from the KPK had not so far transferred the ownership of the railways land to the department as per the order of the Supreme Court and requested the three provincial governments for the transfer of the land.

He said none of the provincial government except from Punjab had so far cooperated with the department to transfer unmanned level crossing into manned level crossing.  He informed that the railways would conduct a survey to increase the occupancy of the trains in passenger sector. The revenue from passenger sector would increase by around Rs. one billion. Khwaja Saad said that railways land which almost turned into heaps of garbage in populated areas of different cities would be turned into grossy plots and parks with the cooperation of private companies.  To a question, he replied the railways had no plan to decrease the fares as they were already less as compared to road transport. The administration would keep this reduction level continue in coming days as well, he added.

 

Tags: 2013 general electionsCustoms NewsFBRfederal cabinetKPKMinister Khawaja Saad RafiqueML-N governmentNational Logistic CellPrime MinisterPunjabRailwaysSupreme Court

Related Stories

Govt cuts petrol price by Rs6, diesel Rs6.80 per litre

byCT Report
23/05/2026

ISLAMABAD: The federal government led by Prime Minister Shehbaz Sharif has announced a fresh reduction in fuel prices, offering short-term...

US wants partnership with Pakistan in mining, skills and industrial growth

byCT Report
22/05/2026

ISLAMABAD: The United States has expressed interest in expanding long-term cooperation with Pakistan in the mining and industrial sectors, with...

Gold prices in Pakistan surge following global trend

byCT Report
21/05/2026

KARACHI: Gold prices rebounded sharply in both international and local markets after witnessing a significant decline a day earlier. According...

Mobilink Bank partners with Legal Aid Society to advance women’s inheritance rights & climate resilience in Pakistan

byCT Report
20/05/2026

ISLAMABAD: Pakistan’s leading digital microfinance bank, Mobilink Bank, has partnered with Legal Aid Society under its Corporate Social Responsibility (CSR)...

Next Post

IMF to issue $1.1b to Pakistan under $6.6b Extended Fund Facility

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.