Railways revenue exceeds Rs100bn for first time in history: Abbasi

ISLAMABAD: Federal Minister for Railways Muhammad Hanif Abbasi on Saturday said Pakistan Railways had achieved a historic milestone by generating more than Rs100 billion in revenue for the first time in its history.

He expressed these views during a meeting with Federal Minister for Parliamentary Affairs Tariq Fazal Chaudhry at the Ministry of Railways where matters of mutual interest, national affairs and parliamentary issues were discussed.

During the meeting, Tariq Fazal Chaudhry expressed satisfaction over the ongoing reform initiatives in Pakistan Railways and appreciated the steps being taken towards digitalisation, adoption of modern technology and improvement of the operational system.

He said the measures aimed at increasing railway revenue, reducing financial losses and providing better travel facilities to passengers were encouraging and commendable.

Briefing his counterpart on the department’s performance, Hanif Abbasi said Pakistan Railways had crossed the Rs100 billion revenue mark for the first time in its history.

He further said that, under the vision of Prime Minister Muhammad Shehbaz Sharif, Pakistan Railways was committed to achieving its revenue target of Rs160 billion during the current fiscal year.

The minister reiterated that transforming Pakistan Railways into a financially sustainable, modern and profitable organisation remained the government’s top priority.