Furqan Sarwar
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Pakistan Railways bears another Loss-making Year
Budget Report 2015-16
Pakistan Railway's (PR) losses surpassed a staggering Rs:28.3 billion, increasing around 12.64% in 2015-16. The corporation managed total earnings of Rs:35.97 billion during 2015-16, an increase from the Rs:31.92 billion recorded in the corresponding period of the previous year. However, its expenses increased to Rs:64.23 billion in 2015-16 against Rs:57.03 billion in 2014-15.
Interestingly, operating expenses showed a dip of 3%. They reduced to Rs:18.28 billion in 2015-16 from Rs:18.77 billion in 2014-15.The letter said that railways expenses under ‘Other Revenue Expenditures’ head, has increased to Rs:21.54 billion in 2015-16 from Rs:16.83 billion in 2014-15, a rise of 28%.
Similarly its general administration expenses have also increased 18% to Rs:8.63 billion in 2015-16 from Rs:7.28 billion in the corresponding period of the previous year.
-Earnings -
On the revenue side, total passenger earnings for 2015-16 stood at Rs:20.39 billion, up 17% than corresponding years earnings of Rs:17.45 billion.
Railways earned Rs:10.59 billion through transportation of goods via its freight operations in fiscal year 2015-16. These earnings are almost 28% higher than the corresponding year earnings of Rs:8.25 billion.
However its sundry section, which includes railways commercial, marketing, land and property department, has seen a negative growth of almost 40%. The earnings have reduced to Rs:2.59 billion in 2015-16 from Rs:4.3 billion in 2014-15.
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Budget Report 2015-16
Pakistan Railway's (PR) losses surpassed a staggering Rs:28.3 billion, increasing around 12.64% in 2015-16. The corporation managed total earnings of Rs:35.97 billion during 2015-16, an increase from the Rs:31.92 billion recorded in the corresponding period of the previous year. However, its expenses increased to Rs:64.23 billion in 2015-16 against Rs:57.03 billion in 2014-15.
Interestingly, operating expenses showed a dip of 3%. They reduced to Rs:18.28 billion in 2015-16 from Rs:18.77 billion in 2014-15.The letter said that railways expenses under ‘Other Revenue Expenditures’ head, has increased to Rs:21.54 billion in 2015-16 from Rs:16.83 billion in 2014-15, a rise of 28%.
Similarly its general administration expenses have also increased 18% to Rs:8.63 billion in 2015-16 from Rs:7.28 billion in the corresponding period of the previous year.
-Earnings -
On the revenue side, total passenger earnings for 2015-16 stood at Rs:20.39 billion, up 17% than corresponding years earnings of Rs:17.45 billion.
Railways earned Rs:10.59 billion through transportation of goods via its freight operations in fiscal year 2015-16. These earnings are almost 28% higher than the corresponding year earnings of Rs:8.25 billion.
However its sundry section, which includes railways commercial, marketing, land and property department, has seen a negative growth of almost 40%. The earnings have reduced to Rs:2.59 billion in 2015-16 from Rs:4.3 billion in 2014-15.
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