LAHORE: Pakistan Railways has peaked at a new high, raking in record earnings of Rs 33 billion over the last five months through its passenger and freight services.
This is on top of the Rs 29 billion Pakistan Railway made during the same time last year.
Business Recorder quoted Pakistan Railway ECO Aamer Ali Baloch as saying that ground work ML-1 project is expected to commence by March 2025.
Similarly, in the last fiscal year, Pakistan Railways pocketed quite impressive Rs88 billion, which was 40 per cent higher than Rs 63 billion earned last year.
Improvements in services for both passengers and freight brought in more customers without significant increase in fares, which was believed to have contributed heavily towards the growth in revenues.
The greatest boost resulted from freight operations which saw revenues leap from Rs 18 billion to Rs 28 billion.
At the beginning of the fiscal year, the railways targeted Rs 73 billion in revenue, but it outshone the target to earn Rs 88 billion in that year.
Of this, Rs 47 billion came from ticket sales, Rs 28 billion from freight and Rs 13 billion from leasing railway land and other streams.
