NA Standing Committee on Railways meets | Pakistan News Digest

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NA Standing Committee on Railways meets

Islamabad, 4th meeting of the Standing Committee on Railways was held today under the Chairmanship of Mr. Muhammad Mueen Wattoo, MNA.

2. The meeting commenced with recitation from the Holy Quran. Agenda discussed in the meeting included fiscal situation of PR in first 6 months of current Government; briefing on targets and deficit; benefit cost ratio of newly launched passenger trains and methodology of feasibility studies for launching new trains.

3. The Federal Minister for Railways informed the Committee that oil prices have increased in the International Market putting additional financial burden on Pakistan Railways (PR) however the railways fare has not been increased presently. To meet the unexpected expenditure the fare for AC class are likely to be enhanced after the Eid festival. It was also informed that private sector has shown interest in acquiring passenger trains. The passenger trains' business is profitable while PR is facing problems in freight business.

4. The Director General Technical briefed about the fiscal situation of the Pakistan Railways for the first six months of the current Government. The Pakistan Railways earned revenue amounting to Rs. 25035.711 million (2018-19) mainly from passenger trains in comparison to Rs. 23098.618 million (2017-18) registering an encouraging rising trend of Rs.1937.093 million. Despite increase in expenditure on account of pay (Rs.1.207 billion), pension (Rs. 0.468 billion) and fuel (Rs.2.729 billion) the deficit of Pakistan Railways has decreased by Rs. 0.059 billion (0.24%).

5. Benefit Cost ratio of newly launched passenger trains was also discussed and PR informed that out of 10 new trains 6 are running under loss but the overall result is positive/profitable. Demand and supply is methodology of all new trains. New trains are running successfully, on an average of 84.5% occupancy. Existing railway stock has been utilized for these trains. New passenger trains have been introduced on such sections as per demand in order to protect the assets of Railways and facilitate the public at large by connecting various regions/provinces utilizing existing infrastructure, rolling stock , crew and employees.

6. Hon. Members/MNAs Mr. Muhammad Bashir Khan, Sheikh Rashid Shafique, Ch. Muhammad Hamid Hameed, Mr. Amjid Ali Khan, Mr. Ali Perwaiz, Khawaja Saad Rafique, Mr. Tahir Iqbal, Mr. Nauman Islam Shaikh, Pir Syed Fazal Ali Shah Jillani, Mr. Aftab Jehangir, Mr. Ramesh Lal and Mr. Abdul Wasay, attended the meeting besides the senior officers from the Ministry of Railways and other related departments with their staff.

Source: MINISTRY OF NATIONAL ASSEMBLY OF PAKISTAN

   

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