Tag: commute

  • Number of railway passengers increases after hike in bus fares

    Number of railway passengers increases after hike in bus fares

    The number of train passengers has enhanced as the cost of travelling by bus or private vehicle has elevated owing to skyrocketing fuel costs.

    Despite a slight increase in railway fares, a spokesperson for Pakistan Railways said that there was no comparison between train fares and bus or other forms of road transportation.

    According to AFP, Pakistan Railways had to jack up ticket prices by 10 per cent on some trains, but train travel was still affordable and convenient.

    On the other hand, due to an increase in petroleum prices throughout the country, bus fares have soared in the last month.

    Sardar Nasir, a passenger at the Lahore railway station, told this scribe that taking a bus with his family was too expensive, so he decided to take the train to Rawalpindi instead.

    Another passenger on the Allama Iqbal Express train to Bahawalpur with her family, explained that the pricing for Bahawalpur by bus was nearly doubled, so she chose to commute by train.

    The booking receptionist at the Faisalabad train station validated that train ticket sales had surged following the increase in petroleum product prices.

  • Crisis-hit Sri Lanka has enough petrol left for one day, PM warns

    Crisis-hit Sri Lanka has enough petrol left for one day, PM warns

    As the country suffers its greatest economic crisis in more than 70 years, Sri Lanka’s new Prime Minister (PM) declared that the country is headed to its last day of petrol stock.

    PM Ranil Wickremesinghe said the country urgently needed $75 million in foreign currency to pay for crucial imports in a televised address. In order to pay government salaries, he claims the central bank will have to print money.

    Sri Lankan Airlines, which is owned by the government, may be privatised, according to PM Wickremesinghe.

    The pandemic, soaring energy prices, and populist tax cuts have all wreaked havoc on the island nation’s economy. Medicines, fuel, and other essentials were in low supply due to a chronic shortage of foreign cash and rising inflation.

    Auto rickshaws, the city’s most popular mode of transportation, and other vehicles have been queuing at gas stations in Colombo.

    The country has enough petrol for one day at the time. Mr Wickremesinghe, who was appointed Prime Minister last week, cautioned that the next few months will be the hardest of our lives.

    He noted that shipments of petrol and diesel using an Indian credit line could provide fuel supplies in the coming days.

    Mr Wickremesinghe stated that the nation’s central bank will have to print money to assist the government in meeting its salary bill and other obligations.

    The PM stated that he is forced to allow the printing of money against his will in order to pay state employees and purchase vital products and services. However, the nation must keep in mind that printing money causes the local currency to depreciate.

    Read more: CNG prices pushed to Rs140 per kg for sales tax collection

    As part of his efforts to stabilise the country’s finances, he advocated selling out Sri Lankan Airlines. In the fiscal year ended March 2021, the airline lost 45 billion rupees ($129.5 million; £105 million).

  • Turkey: Food prices surged by 89 per cent, transportation costs increased by 106 per cent

    Turkey: Food prices surged by 89 per cent, transportation costs increased by 106 per cent

    Turkey’s inflation rate skyrocketed to almost 70 per cent last month, creating a substantial challenge for President Recep Tayyip Erdogan, whose unusual economic strategies are frequently blamed for the country’s economic woes.

    Erdogan, defying economic conventional wisdom, insists that major interest rate cuts are essential to reduce spiralling consumer costs.

    Turkey’s consumer price index (CPI) climbed by 69.97 per cent on a year-on-year (YoY) basis in April 2022, compared to 61.14 per cent in March 2022, according to the national statistics agency, indicating a massive increase.

    The transportation industry saw the largest price rises in April, up 105.9 per cent, while food and non-alcoholic drinks cost increased by 89.1 per cent.

    Likewise, lira’s depreciation has quadrupled the cost of energy imports, and international investors are progressively fleeing the formerly emerging economy. Energy price hikes and production constraints have been worsened by Russia’s invasion of Ukraine and the coronavirus outbreak.

    According to economists, Turkey’s yearly inflation rate – the highest since Erdogan’s ruling AKP party took office in 2002 – is entirely due to Erdogan’s unusual economic thinking.

    Read more: Transporters continue to overcharge ahead of Eid-ul-Fitr

    Erdogan has pushed the supposedly independent central bank to reduce interest rates. Despite strong inflation, the bank maintained its benchmark interest rate for the fourth month in a row in April, yielding to criticism.

  • City Traffic Police Lahore to check overcharging, overloading by transporters on Eid

    City Traffic Police Lahore to check overcharging, overloading by transporters on Eid

    The Lahore Traffic Police have declared a crackdown on transport company owners who overcharge and overload passengers during the Eid holidays.

    According to Lahore’s Chief Traffic Officer (CTO), Muntazir Mehdi, thousands of people depart for their hometowns to celebrate Eid with their loved ones. It’s terrible that dishonest transportation owners take advantage of them, he says. Mehdi stated that police had developed a thorough plan to combat exploitation this year. He announced the deployment of at least 84 wardens at Lorry Adda, Badamibagh, Babu Sabu, Niazi Chowk, Thokar Niaz Beg, Shahdara Chowk, Begum Kot Chowk, Gajjumatta, and other key bus stations.

    The traffic police have also issued orders to transportation companies to display fare information prominently on their vehicles. Those who charge high rates to commuters deserve no concessions, according to the CTO, who directed all circle officers to speak with transporter owners in their respective zones. He announced the impoundment of vehicles found overcharging or overloading.

    Police is taking precautions against overcrowding to ensure safe travelling, according to Mehdi, who also stated that additional police officers have been stationed at the city’s entry and exit points. He asked people to phone Police Helpline 15 if they needed assistance or had a complaint. He also stated that people who overload their buses will face consequences.

    Read more: Shopkeepers fined in Islamabad for not adhering to DC rates

    The CTO stated that transportation owners and drivers are required to charge a fixed rate and display a fare list prominently on the vehicle. According to Mehdi, automobiles should be seized if their owners are proven to be overcharging and overloading. Traffic teams have been dispatched to ten locations to investigate overcharging and overloading.