Tag: Pakistan Railways

  • Pakistan Railways continues charging dams fund on train tickets

    Pakistan Railways continues charging dams fund on train tickets

    Despite setbacks and disinterest of the people in contributing to the Diamer-Bhasha and Mohmand dams fund, Pakistan Railways (PR) is continuing to charge passengers with a surcharge of up to Rs10 on all tickets.

    As per the details, the said surcharge was implemented by the Pakistan Tehreek-e-Insaf (PTI) government in September last year so as to collect money for the construction of dams while fearing a water crisis in the near future.

    PR had earlier decided to increase fares for all classes to contribute to the fund and the surcharge on tickets was imposed on the directives of Federal Minister for Railways Sheikh Rasheed Ahmed.

    The authorities had decided to charge Rs1 on Rs100 economy class tickets and Rs2 on tickets worth more than Rs100. An additional amount of Rs10 is being charged on air-conditioned class tickets as no category has been exempted from the surcharge.

  • Irregularities worth Rs97b detected in Pakistan Railways

    Irregularities worth Rs97b detected in Pakistan Railways

    The Auditor General of Pakistan (AGP) has detected billions of rupees worth of irregularities in Pakistan Railways (PR), exposing gross mismanagement within the state-run transport service that continues to incur losses, The Express Tribune reported Monday.

    In his report for 2018-19, the top auditor pointed out
    irregularities that amount to a whopping Rs97 billion and later directed PR
    authorities to take action against those responsible for the massive loss to
    the national exchequer.

    “Pakistan Railways generated Rs49.6 billion in the last
    fiscal year against operational costs worth Rs85.5 billion. As a result, the
    state-run service had to bear a loss of Rs36.6 billion,” the report said.

    Of the audit objections noted in the report, 56 per cent
    pertain to PR lands, 20 per cent pertain to recoveries and 12 per cent pertain
    to the Public Sector Development Programme (PSDP). The remainder concern losses
    from theft, fiscal irregularities and embezzlement.

    The report also revealed that Pakistan Railways suffered a
    loss of nearly Rs15 billion due to the failure of its management to recover
    dues from other federal government wings, like the Port Qasim Authority,
    Pakistan Post, Water and Power Development Authority and the departments of
    irrigation, food and education, and provincial and district authorities.

    It pointed out that maladministration in the Railways Ministry cost a PSDP project Rs10.5 billion. It also noted that the PR administration had granted a contract worth Rs3.2 billion in violation of the Public Procurement Regulatory Authority (PPPRA) rules.

    “Railways authorities also unable to recover Rs2.6 billion
    from provincial governments to repair level crossings and wasted Rs2 billion
    worth of scrap as well,” the report added.

    Delays in the repair of damaged railway coaches also cost
    the state-run service nearly Rs2 billion, the report pointed out. It also made
    note of Rs380 million worth of ‘fake expenditure’ in the repair process. The
    AGP also criticised PR authorities for losing Rs3.8 billion due to inaction
    while auctioning off railways roads and steel.

    A staggering Rs52 billion worth of irregularities in the
    state-run transport service occurred at the administrative level, the AGP’s
    report mentioned. Another Rs50 billion in losses were a result of embezzlement,
    fraud and theft. Around Rs6.5 billion were lost due to PPRA rule violations.

  • Breaking all records, Railways generates revenue of Rs54.60 billion

    Breaking all records, Railways generates revenue of Rs54.60 billion

    Pakistan Railways (PR) has registered over a 10 per cent increase in its annual revenue during the first year of the Pakistan Tehreek-e-Insaf (PTI) government by generating record Rs54.60 billion.

    According to the one-year performance report of the PTI released Monday, PR has generated the highest-ever revenue during the fiscal year 2018-19 against last financial year’s Rs49.5 billion.

    The government claims that through special initiatives, PR has managed to generate additional revenue of Rs10 billion that helped reduce its annual deficit by Rs4 billion.

    The report further said that PR has added 24 new passenger trains — refurbished locally at PR installations in Lahore and Islamabad — besides increasing the number of rail passengers to 70 million (travelling by trains in a year) and retrieving 383 acres of encroached land worth Rs30 billion among other reforms.

  • Railways suffer losses worth over Rs28bn in PTI’s first eight months

    Railways suffer losses worth over Rs28bn in PTI’s first eight months

    In contradiction to Federal Minister for Railways Sheikh Rasheed’s claims, Pakistan Railways (PR) has suffered a loss of Rs28.62 billion within the first eight months of the Pakistan Tehreek-e-Insaf (PTI) government, it was revealed Friday.

    Just last month, Rasheed had claimed that PR has generated a profit of Rs43 billion ever since he was handed the reins of the department.

    However, according to a report submitted to the National Assembly Standing Committee on Railways, the department’s total expenditure stands at Rs72 billion, while six of the 10 new trains inaugurated by Rasheed are suffering losses.

    The trains running to further ruin the crippling department include Dhabeji Express, Shah Latif Express, Mohenjodaro Express, Rohi Passenger Train, Thal-Mianwali Express, Faisalabad Non-Stop Train and Rawalpindi Express.