Pakistan Railways generates Rs 13.547 bln by leasing land

Pakistan Railways generates Rs 13.547 bln by leasing land

Pakistan Railways has generated Rs 13.547 billion in revenue by leasing its valuable commercial and agricultural land over the past five financial years, aiming to transform the department into a profitable entity. “The department has been leased out around 14,042 acres of railway land for various purposes through competitive bidding,” an official from the Ministry of Railways told APP. The official said that Pakistan Railways leases its land th…

Pakistan Railways NearsRs1 Billion Operating Profit Amid Rs64 Bln Allocation & Liabilities - Economy.pk

ISLAMABAD – Pakistan Railways has reported an operating profit close to Rs1 billion with an allocation of Rs64 billion, as revealed during a Public Accounts Committee (PAC) meeting chaired by Junaid Akbar on Wednesday. However, the Ministry of Railways acknowledged that pension payments have been delayed for the past two years due to budgetary constraints. The committee reviewed audit observations for the financial years 2022-23 and 2023-24. Dur…