Railways losses controlled amid passengers friendly policies in three years

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Railways losses controlled amid passengers friendly policies in three years

ISLAMABAD, Sep 12 (APP): Pakistan Railways, amid passengers
friendly policies (PR), has managed to control its losses which have
reached Rs. 26.993 billion in 2015 16.

“Yes it is fact that Pakistan Railways has controlled its losses during last three years and as per data these are decreasing with each passing year. During 2013 14 the amount of loss was Rs. 32.527 billion, in 2014 15 the amount of loss was Rs. 27.247 billion and thanks to the best strategies introduced by Minister for Railways in the department, the losses came down to Rs. 26.993 billion during 2015 16,” official sources said here on Monday.

The sources while citing the steps taken by the government to
control the losses of Pakistan Railways, said competitive freight
rates have been introduced to diversify traffic from road to rail.

Preference is being given to block train load freight trains,
the sources said and added Freight Deposit Account (FDA) based
agreements have been executed with long lead bulk importers such as
Maple Leaf cement Factory etc.

They said MOUs have been signed with importing Companies like
with Awan Trading Company; the Chishtian Logistics for transportation of coal to long lead destination in up country.

At present, at an average 10 freight trains are being operated
ex port. Availability of locomotives in freight pool has been
improved from 45 to 75 locomotives and all out efforts are being
made to increase share of freight earning by giving preference to
high rated commodity like POL.

The sources said a massive quantity coal consisting of average
five trains per day will be transported by Pakistan Railways for
Coal Fired Power Plants being established in public sector to
overcome the energy crises while terminal facilities are being
augmented by introducing latest equipments so as to curtail loading
and un loading time.

The sources said other steps include High Capacity/High Speed
Hopper Trucks are also being introduced for swift movement/unloading
of coal, existing track on main corridor (ML 1) will be upgraded
under China Pakistan Economic Corridor (CPEC) and Freight Transport
company has been established to explore new venues for future
freight traffic.

Similarly, in passengers domain, the sources said under Public
Private Partnership (PPP) Pakistan Railways has recently outsourced
commercial management of four trains which will generate revenue of Rs. 3.35 billion per annum.

Commercial management of Luggage Vans and Brake Vans with
different trains has been outsourced under PPP while reduction has
been made in fare of different trains.

The other measures are introduction of Green line train
between Rawalpindi Karachi via Lahore with extra facilities and
amenities for business community, Wifi facility is being introduced
in selected trains and at different trains value added services have
been introduced to attract passengers.

The sources said landmark agreement has been signed between
PR & UBL to provide the facility of e ticketing by the end of
October 2016. This will revolutionize the whole concept of
reservation and ticketing.

A major infrastructure improvement of important Railway
stations have been started to give a new concept of state of the art
buildings, passenger facilitation and modern business areas within
station premises.

They said to provide better travelling facilities, economy
class coaches are being replaced by Air conditioned standard
coaches, extra coaches are also being attached to fetch more revenue
and tremendous improvement has been made in service delivery.

The sources said to attract more passengers in Holy Month of Ramazan special package was introduced over the network while Eid Special trains were also introduced.