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ISLAMABAD: The proactive measures in Pakistan Railways are bearing fruits as its revenue streams have registered a significant increase from June 10, 2013 to February 28, 2014 and department managed to earn Rs. 15.968 billion.
The revenue streams of the department were Rs.11.497 billion as compared with the same period of corresponding year, thus registering an increase of 39 per cent which is Rs. 4.470 billion.
According to Ministry of Railways here on Tuesday, it is taking steps to control the deficit which include right mix of passenger and freight services.
Passenger service has been caped at 96 trains a day and most of the resources are being allocated to freight sector which has produced encouraging results.
The other measures are improvement in availability of locomotives through special repair of existing locomotives and procurement of new locomotives - (from 8 to 25 locomotive per day only for freight, thereby resulting in increase of daily freight train from almost nil to three trains ex-Karachi).
The HSD Oil reserve was limited for two days which has been enhanced to 12 days to streamline the train operation while a comprehensive policy for advertising and branding on Pakistan Railways network is being formulated. The department is also encouraging public-private partnership.
The Ministry said all these measures have resulted in improved punctuality of passenger trains from 10 per cent to 55 percent, and reliability of service besides increased revenues.
Revenue streams of Railways reach Rs. 15.968bn in nine months
The revenue streams of the department were Rs.11.497 billion as compared with the same period of corresponding year, thus registering an increase of 39 per cent which is Rs. 4.470 billion.
According to Ministry of Railways here on Tuesday, it is taking steps to control the deficit which include right mix of passenger and freight services.
Passenger service has been caped at 96 trains a day and most of the resources are being allocated to freight sector which has produced encouraging results.
The other measures are improvement in availability of locomotives through special repair of existing locomotives and procurement of new locomotives - (from 8 to 25 locomotive per day only for freight, thereby resulting in increase of daily freight train from almost nil to three trains ex-Karachi).
The HSD Oil reserve was limited for two days which has been enhanced to 12 days to streamline the train operation while a comprehensive policy for advertising and branding on Pakistan Railways network is being formulated. The department is also encouraging public-private partnership.
The Ministry said all these measures have resulted in improved punctuality of passenger trains from 10 per cent to 55 percent, and reliability of service besides increased revenues.
Revenue streams of Railways reach Rs. 15.968bn in nine months
