Gone are the days when Pakistan Railways was considered as underperforming organization that often failed to offer quality service to its customers. It now seems that the railway company is on its way to achieve higher level of efficiency. It is reported that the revenues generated by Pakistan Railways experienced a surge to over PKR 36 billion in the past year as against over PKR 18 billion in year 2012-13.
It was previously reported that Pakistan Railways generated PKR 100 million by selling tickets through its new E-Ticketing system. The recent moves made by Pakistan Railways led analysts to believe that the railway organization is making efforts to offer improved services to the people. Adding to that, the present government of Pakistan has brought down the deficit of Pakistan Railways to PKR 26 billion by June 2016 from PKR 30 billion in 2013.
It is pertinent to note that the expenditures of Pakistan Railways have increased from PKR 48 billion in 2012-13 to PKR 63 billion during the previous fiscal year. According to an official, the surge in expenditure is mainly because of increase in allowance, pay and pension as a result of budget announced by the government.
However, despite an increase in the expenditures, the passenger sector of Pakistan Railways has generated PKR 20 million during the previous year, compared to only PKR 12 million in 2012-13. On the other hand, freight sector generated PKR 10.5 million during the previous year compared to PKR 1.6 million in year 2012-13.
Pakistan Railways also managed to load 243,764 wagons that consist of different commodities during the previous year, marking an increase of 26.24% as compared to wagons loaded in year 2012-13. Also, Pakistan Railways launched high capacity Hopper Truck in a bid to swiftly move coal and for up-gradation of existing track on main corridor (ML-1) which is being conducted under China-Pakistan Economic Corridor.