Gross earnings of Pakistan Railways up by 26.7%

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Gross earnings of Pakistan Railways up by 26.7%

ISLAMABAD:The gross earning of Pakistan Railways during July-Dec 2017-18 has increased by 26.7 per cent as against the same period of preceding year.

According to Economic Survey of Pakistan 2017-18 unveiled by Adviser to Prime Minister on Finance here Thursday, the number of passenger carried, freight carried and freight earning has also improved by 4.7 percent, 55.8 percent and 62.1 percent respectively over the corresponding period of last year.

Pakistan Railways is to undertake necessary steps to increase its share in the overall transport sector of Pakistan from 4 percent to 20 percent.

Meanwhile Ministry of Railways has also prepared Pakistan Railway Strategic Plan (PRSP) to operationalize the targets set in the vision which would provide a long term framework for railway sector development Improve availability of locomotives through special repair of existing locomotives and procurement of new locomotives.

Quetta-Taftan Railway line is an important section of railway network in the context of regional connectivity with Europe through Iran and Turkey and tapping the mineral potential of Balochistan.

In addition, extension of ML-III (Quetta-Bostan-Zhob-D.I Khan section) will provide important connection for transportation of freight and passengers between North and South of the country. A feasibility study for up-gradation of ML under process.

APP/AFP