News

PIA’s financial crunch boosts Pakistan Railways revenue

By News Desk

November 8, 2023 03:16 PM


PIA’s financial crunch boosts Pakistan Railways revenue

Representational image

The financial crisis of the Pakistan International Airlines (PIA) has benefitted the Pakistan Railways (PR) as the first priority for passengers following the cancellation of domestic flights is to go by train, reported 24NewsHD TV channel on Wednesday.

Statistics show that due to an increase in the sale of tickets, improvement has been noticed in the PR’s revenue.

The department has earned over Rs13 billion in the first three months and 20 days of the ongoing financial year, 2023-24; over Rs1 billion more than the target.  The target set for the period under review was over Rs11 billion.

As has been the case in the past, railways failed to earn more in the freight sector. This time, it was 29 per cent less than the target.   

 

Reporter: Saeed Ahmad


News Desk


Most Read

  1. Stormy rain warning: Holiday in Sindh schools tomorrow Stormy rain warning: Holiday in Sindh schools tomorrow
  2. Lights out for wonky US lunar lander, for now Lights out for wonky US lunar lander, for now
  3. Bilal Abbas and Sarah Khan's 'Abdullahpur Ka Devdas' on YouTube from March 1 Bilal Abbas and Sarah Khan's 'Abdullahpur Ka Devdas' on YouTube from March 1
  4. It’s Asif Zardari versus Mahmood Achakzai for presidency It’s Asif Zardari versus Mahmood Achakzai for presidency
  5. Fire breaks out in PACE shopping mall in Lahore Fire breaks out in PACE shopping mall in Lahore
  6. CM Maryam slaps total ban on postings and transfers CM Maryam slaps total ban on postings and transfers

Opinion

  1. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer

  2. THE SECRET WAR: Public Interest Vs Official Secrets Act 1923
    THE SECRET WAR: Public Interest Vs Official Secrets Act 1923

    By Syed Aun Mohammed Bokhari

  3. Political Opportunism and the 18th Constitutional Amendment
    Political Opportunism and the 18th Constitutional Amendment

    By Muhammad Asad Ayaz

  4. To Know and Not to Know
    To Know and Not to Know

    By Abdullah Bin Tahir

  5. Gender equality: A pre-requisite for a balanced society
    Gender equality: A pre-requisite for a balanced society

    By Mehak Sabir