Railways revenue generation show 36pc increase in five months
Islamabad: The initiatives of incumbent authorities in Pakistan Railways have started bearing fruits as Rs. 9.182 billion of revenue was generated in almost five months of current fiscal year.
This shows almost 36 % increase in revenue as compared to corresponding period of previous fiscal year when Rs. 6.76 billion of revenue was generated.
A revenue data by the Department on Sunday revealed that the new authorities after taking charge in June this year took numerous measures to improve performance and as a result revenue generation showed an increasing trend every month.
The data showed that an increase of Rs. 403.418 million in revenue has been witnessed during June as compared to same month last year, in July Rs. 124.571 million, in August Rs. 375.913 million, in September Rs. 647.889 million, in October Rs. 581.655 million and in November this year, the increase in revenue generation was Rs. 288.027 million.
It is quite possible to reduce and ultimately eliminate the losses incurred by Pakistan Railways as the curtailment of losses requires two pronged strategy i.e. revenue generation and curtailment of expenditure.
The data said revenue generation is dependent upon the efficient utilization of existing resources both human and capital and at the moment, Ministry of Railways is striving hard to improve its resources base by repairing the defective locomotives and procuring new locomotives in accordance with its system requirements.
The department has taken a lot of initiatives to enhance revenue through non-core activities. The efforts in this regard will bear fruit in near future which will positively affect the overall performance of the organization.