Railways earns Rs1 billion profit this year

[A.Rafay]

ISLAMABAD: Pakistan Railways has earned Rs1 billion profit during 2012 through running of Shalimar, Business Express under the public-private partnership, according to a statement on Monday.

According to the annual report of the Railways, after receiving engines from various divisions, freight system has been put back on the track and closed trains on main and branch lines have been restored.

Repairing work of around 150 dangerous bridges is underway, it said.

As the federal government has released Rs6 billion, the purchase of spare parts for repair of engines has also been initiated. “This would help bring around 100 engines back on the track within the next few months,” according to the report.

Moreover, as part of the evacuation drive, Pakistan Railways has got vacated around 2,400 acres land from illegal occupants so far. All-out efforts are being made to improve the performance and efficiency of Railways and to make it a profit-earning organisation, it said.

The out-of-order locomotives are being locally repaired and overhauled at the Central Diesel Locomotive (CDL) workshop, the report added.
Railways earns Rs1 billion profit this year - thenews.com.pk

 

[ali_raza]

Ghulam bilore please take it in ur g@nd......200 billion khane ke baad 1 billion ka lollipop de diya

 

[KRAIT]

A good start. Its never too late. One should think of 5 years down the line if things keep better every year. THe profit will increase non-linearly.

Land acquisition from illegal occupation is also very important and ensuring safety by repairs is an important aspect especially for the services which is in revival phase.

 

[IND151]

Ghulam bilore please take it in ur g@nd......200 billion khane ke baad 1 billion ka lollipop de diya

Kindly avoid the language you used n first sentence.

at bolded part>????????????????????????????

 

[Cheetah786]

A good start. Its never too late. One should think of 5 years down the line if things keep better every year. THe profit will increase non-linearly.

Land acquisition from illegal occupation is also very important and ensuring safety by repairs is an important aspect especially for the services which is in revival phase.

6 billion subsidy = 1 billion profit plus they will be back next year for more subsidy the only reason they even showed 1 billion profit is cause of some privatization.

 

[ice_man]

how can this BE????

Off-track: No light at the end of the tunnel for freight trains – The Express Tribune


BOTH news contradict each other!!!!!!!!!!!!!!!

 

[Spring Onion]

Ghulam bilore please take it in ur g@nd......200 billion khane ke baad 1 billion ka lollipop de diya

he has nothing to do with it.please replace these old-donky-cart rails with buses

 

[Cherokee]

Atleast is a turnaround of Pakistan Railways from a losses to profits .

 

[Spring Onion]

Atleast is a turnaround of Pakistan Railways from a losses to profits .

Privatisation

 

[Cherokee]

Privatisation

Only way to grow . Since govt. official do not have their stakes in organisation they will never go out of the way to make it work . Private companies will .

 

[Cheetah786]

Privatisation

The Ministry of Railways is in contact with many countries for the privatization of freight trains. China and United States have also expressed interest, but the companies want to hire their own employees and sack the existing workers. Thus, the move is facing resistance from various workers’ unions

 

[1ndy]

$5-6 million approx. Not a bad start for railway like PR.

 

[ali_raza]

Guys our railways really sucks...maybe some members see my comments offensive..but that's reality.they are forcing us to privetise our one of the most precious asset..to be noted that the main target is not the freight or locomotives but the land with it worth billions..hope allah do some rehmat on pakistan and get us rid from these thugs

 

[garibnawaz]

reminds me Lalu Yadav's claim of a profit of 20k crores. That money no one ever saw. I hope this doesn't turn like it.

 

[qasimali]

A sign of hope at last.