Railways’ Karachi Division earns 29% more revenue

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KARACHI, July 8 (APP): Pakistan Railways’ Karachi Division performed well in the financial year 2015-16 and earned 29 percent more revenue as compared to the previous fiscal year.

This was stated by the Division Commercial Officer (DCO) Karachi, Nasir Nazeer.

He said that General Manager Pakistan Railways, Javed Anwar, had appreciated the staff who may be provided with some cash incentives in appreciation of their performance.

Nasir Nazeer pointed out that the revenue target for Karachi Division for the fiscal 2015-16 was set at Rs. 12.72 million, whereas the earning during the period remained at Rs. 15.84 billion, 29 percent.

He was of the view that improvement in the earning was owing to better performance as well as punctuality of the trains which attracted more passengers.

The streamlining of the running of freight trains also helped in increasing the revenue, the DCO added.

He said that efforts would be made to earn more revenue in the fiscal 2016-17. The revenue target for the period would be set soon, he added.