Pakistan Railways earns Rs 3.7 billion exta in PTI government nine months tenure
ISLAMABAD - Pakistan Railways has generated Rs 39.010 billion up to March 2019 which was Rs 3.706 billion more than the previous financial year during the same period by winning the confidence of the passengers.
Pakistan Railways has suffered no losses during the current financial year due to dedicated efforts of the present government and employees of the organization, an official in the Ministry of Railways told APP.
During the last financial year (2018), the official said that Pakistan Railways has earned Rs.35.304 billion.
He said that Pakistan Railways has taken several steps to improve financial position of the department and started 24 new trains with the same rolling stock and human resource.
Introduction of trains tracking system has contributed in reducing the fuel consumption by 1.5 million litres, he added.
To a question, the official said that at present Pakistan Railways owned 460 diesel electric locomotives, out of which, 325 are functional while 135 are nonfunctional.
Out of 135 non-functional locomotives, he said that 69 Chinese locomotives are requiring heavy repairs due to various design defects and the department has planned to undertake rehabilitation/modernization of these locomotives which is under process with Chinese and Turkish Railways.
He said that four locomotives are under condemnation process in light of condemnation plan and these engines are over aged and rendered their service more than 32 to 50 years against the economical life of 20 years.
The official said that seven locomotives met with accidents on various dates, fabrication work and procurement of spares is under process and these engines would be in operation after the completion of work.
He said that 55 engines are under normal maintenance, periodical maintenance schedules which is regular feature and the diesel electric locomotives would be rolled out after repair turn by turn.