ISLAMABAD – Pakistan Railways has accumulated around Rs 905 million revenuefrom the leased land for 33 years from 2003-2018 to different departmentsand parties across the country.
Pakistan Railways had set a target to earn around Rs 11 billion revenueafter the completion of the leased period in its six divisions includingPeshawar, Rawalpindi, Lahore, Sukkur, Quetta, and Karachi, a document said.
However, the department has allocated 33 points on lease out of which 10places have been given to oil and gas companies, eight were handed over toa defence institution and four points given to the other department.
According to details, in Karachi Division, the organization had leased outits land in Hyderabad and eight different locations in Karachi which wouldgenerate a total of Rs 4864.62 million whereas the Pakistan Railways has sofar received Rs 292.13 million from the process.
In Rawalpindi Division, the land has been leased out in Sargodha, Islamabadand Sara-e-Alamgir on GT Road, Jhelum and Bhalwal which would generate Rs1049.05 million and the department has so far earned Rs 154.96 million.
In Lahore Division, the land has been leased out in Sialkot, Lahore, Kasur,Faisalabad, Bahawalnagar, and Shah Ismail which would earn revenue of Rs3122.73 million after completion of the lease period, adding PakistanRailways has so far earned Rs 30.45 million, the document said.
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The organization has leased out land in Multan, Muzaffargarh andBahawalnagar, under Multan Division, which would generate Rs 555 millionand Pakistan Railways has so far earned Rs 54 million from the leaseprocess.
In Sukkur Division, Pakistan Railways has leased out land at Sukkur,Shikarpur, Rahim Yar Khan and Sadiqabad which would generate a total of Rs535.36 million and the organisation has so far earned Rs 384.88 million.
In Quetta Division, Pakistan Railways has rented out its land for fuelstations in Quetta city which would generate a total of Rs 153 million andthe railways has so far earned Rs 33.34 million, the document said.
