• Friday, August 23, 2019

Pakistan Railways earned Rs10bn in FY 2018-19: Sheikh Rasheed

Discussion in 'Pakistan Economy' started by Zibago, Aug 14, 2019.

  1. Zibago

    Zibago ELITE MEMBER

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    Pakistan Railways earned Rs10bn in FY 2018-19: Sheikh Rasheed
    Web Desk On Aug 13, 2019
    [​IMG]
    LAHORE: Federal Minister for Railways Sheikh Rasheed Ahmed here on Tuesday announced that Pakistan Railways earned Rs10 billion in the fiscal year 2018-19, Radio Pakistan reported.

    Talking to a private news channel, Sheikh Rasheed said that expansion and reconstruction of ML-1 project will help speed up train system in the country.

    He said that it would also facilitate more passengers besides providing a comfortable journey to the travelers. Responding to a question, the minister said,” The ratio of the travelling passengers has also increased remarkably.”


    About current inflation and other issues, he said the people were facing economic crunch besides meager resources in gas and power sector due to mishandling of public money.

    Sheikh Rasheed further said that the government was taking various measures to boost the economy, besides streamlining the system of all institutions.

    Read More: Pakistan Railways’ deficit dropped by Rs4 billion: Sheikh Rasheed

    Earlier on July 2, Federal Minister Sheikh Rasheed Ahmad had said the deficit of Pakistan Railways had been decreased by Rs4 billion during the fiscal year 2018-19.

    Addressing a news conference, he had said the deficit had been brought down from Rs36.62 billion to Rs32.59 billion. He had expressed hope that the deficit of railways will be completely overcome in five years.
    https://arynews.tv/en/railways-earned-rs10bn-rasheed/
     
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  2. Alternatiiv

    Alternatiiv SENIOR MEMBER

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    Profit or just the yearly revenue.
     
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  3. Yaseen1

    Yaseen1 SENIOR MEMBER

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    deficit has decreased by 4 billion Rs but accidents remained high,we need to focus on quality services and safety of passengers if want to decrease deficit for long term.
     
  4. Death Professor

    Death Professor FULL MEMBER

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    its just revenue, we are looking for ways how to decrease just deficits and you talking about profits lol. If I remember correctly, the only ministry which is in profit is post(i.e communications) headed by Murad Saeed, rest are all trying to decrease as much deficit as they could.

    unnay waaa bhurtian ki hoin hain gov. institutions me, pensions waghera, kidher se gov dey? train khacha khach bharii hoi hoti hai phir bhi deficit. Freight itni use nahi kartay, kiyonke tanker/truck mafia rona shroo ho jaata hai. Progress needs sacrifices, koi karna he nahi chahta...
     
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  5. xyxmt

    xyxmt ELITE MEMBER

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    Pakistan Railway was always earning something, question is what is the profit/loss
     
  6. Affan-khan

    Affan-khan FULL MEMBER

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    Pakistan Post deficit is still 12 Billion. They increase Revenue but still in deficit
     
  7. Dr-who

    Dr-who FULL MEMBER

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    If railway is in defecit, then how come it's in profit, means revenues has increased by 10 billions, defecit has narrowed down, but still at loss
     
  8. Kabira

    Kabira ELITE MEMBER

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    I guess not bad if Sheikho can break even Railways in 5 years.
     
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