No Result
View All Result
Monday, June 30, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

    Shefali Jariwala

    Paras Chhabra’s prediction about Shefali Jariwala’s sudden death goes viral

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Squid Game 3 released on June 27, on Netflix.

    Squid Game Season 3: Stream it or skip it?

    file photo

    Has Alizeh Shah found her ‘Mr. Perfect’? Social media posts spark speculation

    (File Photo)

    Mehwish Hayat calls marriage a gamble, slams gendered expectations in showbiz

    Vicky Kaushal

    What did Vicky Kaushal say about Katrina Kaif’s feedback on his films?

    Sardaar Ji 3

    ‘Sardaar Ji 3’ outperforms Salman Khan’s ‘Sultan’ on opening day

    Shefali Jariwala

    Paras Chhabra’s prediction about Shefali Jariwala’s sudden death goes viral

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

Pakistan Railway’s annual deficit reduced by Rs4 billion

MM News Staff by MM News Staff
September 10, 2020
Restoration of Shalimar Express between Lahore, Karachi announced

Restoration of Shalimar Express between Lahore, Karachi announced

ISLAMABAD: Pakistan Railways has generated around Rs 10 billion revenue through special initiatives and projects initiated by the government which helped in reducing its annual deficit by Rs 4 billion.

The Ministry of Railways in its report said the additional revenue had helped in the absorption of Rs 6 billion additional bills in respect of the increasing cost of the fuel as well as pay and pension bill.

During the financial year 2018-2019, the earning of the department stood at Rs 54.59 billion compared to Rs 49.50 billion for the financial year 2017-18 which was the highest revenue ever achieved by the department said the Ministry.

The report said the annual deficit lowered from Rs 36.00 billion to Rs 32 billion. The revenue target has been increased from Rs 53 billion to Rs 58 billion in the last fiscal year, it added.

Up-till December 31, Rs 27,967.195 million has been earned against the budgetary target of Rs 27,499.967 million, the Ministry said.

In the freight business, the earning surged to Rs 10,285.466 million against a target of Rs 10,039.970 million up to December-2019, it said.

Pakistan Railways had completed several rehabilitation and development projects worth Rs 27,435.6 million during the last two years from August 2018 to 2020.

Elaborating, an official said, a project doubling of track from Khanewal to Raiwind-246 kilometers was carried out at a cost of Rs 14,261 million.

The other projects include mechanization of track maintenance (pilot project), rehabilitation of rolling stock and track, reopening of rail car from the Kohat-Rawalpindi-Kohat section, up-gradation of the VHF communication system for operational staff, rehabilitation/procurement of re-manufactured 300 traction motors and others, he added.

Pakistan Railways had added 24 new passenger trains in its train operations and all were refurbished locally at Lahore and Islamabad workshops.

Tags: MM News MM TVRevenue reduces annual
ShareTweetSendShare
Previous Post

Afghan VP Saleh escapes unharmed in Kabul bomb attack

Next Post

Contempt of court notices issued to Farogh Naseem, Fawad Chaudhry, Shahzad Akbar

Related Stories

file photo
Business & Stock

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Latest prices of solar panels in Pakistan – June 2025

June 29, 2025
State Bank
Business & Stock

Pakistan sees significant rise in digital payments: State Bank

June 29, 2025
file photo
Business & Stock

Petroleum consumers to pay Rs2.50 per litre climate levy from July 1st

June 29, 2025
Representative image
Business & Stock

Latest forex rates in Pakistan today- June 29, 2025

June 29, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- June 29, 2025

June 29, 2025
representative image
Business & Stock

Gold prices further drop in Pakistan

June 28, 2025
file photo
Business & Stock

Pakistan to export 125,000 tonnes of mangoes worth $100 million this year

June 28, 2025
Foreign Currency
Business & Stock

Foreign currency exchange rates in Pakistan, 28 June 2025

June 28, 2025
Gold Prices
Business & Stock

Gold prices drop in Pakistan amid global downtrend

June 28, 2025
Next Post

Contempt of court notices issued to Farogh Naseem, Fawad Chaudhry, Shahzad Akbar

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

An egregious example of arrogance and haughtiness: Senior politician Manzoor Wattoo offered funeral prayers while sitting in an air-conditioned vehicle
Trending

Sheer arrogance: Ex-CM Punjab Manzoor Watto offers funeral prayers from his car

by MM News Staff
June 29, 2025
This development came after Minister of State for Interior Talal Chaudhry's recent visit to Spain where he met his counterpart, Fernando Grande-Marlaska. (Image: PTV News/File)
Crime

Two Pakistan-wanted fugitives arrested in Spain

by MM News Staff
June 29, 2025
Phone 17 Air: Cutting-Edge Features in Apple’s Thinnest Phone Yet
Technology

Will the iPhone 17 Air be worth the hype? Here’s what to expect from Apple’s thinnest phone

by Zaka Khan
June 29, 2025
Squid Game 3 released on June 27, on Netflix.
Film & TV

Squid Game Season 3: Stream it or skip it?

by MM News Staff
June 29, 2025
(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Rain
Top News

Monsoon showers hit Karachi, more rain expected in coming hours

by MM News Staff
June 28, 2025

Rainfall has begun this morning in Karachi, with reports of light to moderate rain...

file photo

Showers continue across Karachi, bringing relief from the heat

June 27, 2025
file photo

Will Karachi receive more rain today?

June 27, 2025
File photo

Karachi receives heavy rain with thunderstorm

June 26, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Latest prices of solar panels in Pakistan – June 2025

by MM News Staff
June 29, 2025

The federal government of Pakistan has imposed 10% sales tax on solar panels that...

representative image

Latest gold prices in Pakistan today- June 29, 2025

June 29, 2025
representative image

Gold prices further drop in Pakistan

June 28, 2025
Foreign Currency

Foreign currency exchange rates in Pakistan, 28 June 2025

June 28, 2025
See all

Transport News

(APP)
Transport

Rs150 billion approved to make Rawalpindi a ‘signal-free’ city

by MM News Staff
June 29, 2025

The Punjab government has approved a record-breaking development package worth Rs.150.0 billion for Rawalpindi...

file photo

Pakistan set to launch train service from Lahore to Russia next month

June 29, 2025
Maryam Nawaz

Maryam Nawaz orders 240 electric buses for South Punjab districts

June 28, 2025

Two planes avoid major accidents following bird strikes at Karachi airport

June 27, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.