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Pakistan Railway Rs. 28 Billion in Losses in One Year


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Pakistan Railway Rs. 28 Billion in Losses in One Year
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zeeshanshafi
Senior Proud Pakistani
Senior Proud Pakistani


Joined: 19 Jan 2016
Posts: 2284

Pakistan Railway Rs. 28 Billion in Losses in One Year



Much the same as the scandalous national carrier PIA, it appears the Pakistan Railways (PR) is likewise not a long ways behind with regards to misfortunes.

For the monetary year (FY) 2015-2016 Pakistan Railway endured misfortunes adding up to Rs. 28 billion. This is an expansion in misfortunes by 12.64% year on year in spite of proclamations being given by different authorities around a conceivable turnaround for the administration.

All out profit for PR remained at Rs. 35.97 billion in FY 2015-16, up from Rs. 31.92 billion earned in the same time frame amid the past financial year.

Costs likewise went up to Rs. 64.23 billion in FY 15-16 expanding from a year ago's Rs. 57.03 billion.

These were the insights gave by the CEO and money related counsel of Pakistan Railways to the concerned Ministry.

The deficiency of Pakistan Railways as of now stands at Rs. 28.3 billion and that is not including the interest and reimbursements of credits on capital and substitution account figures. The aggregate shortfall could ascend considerably higher than the present sum.

Costs

The working costs diminished by 3% to 18.28 billion in 2015-16 from 18.77 billion in the monetary year 2014-2015."Other Revenue Expenditures" expanded by 28% to Rs. 21.54 billion in FY 15-16 from Rs. 16.83 billion in FY 14-15.

Income

All out traveler profit, in any case, expanded to Rs. 20.39 billion from earlier year's Rs. 17.45 billion.

Transportation of products by means of cargo operations likewise saw an ascent of just about 28% to Rs. 10.59 billion, up from Rs. 8.25 billion amid the same time frame a year ago.

The sundry segment which incorporates PR's business, showcasing, area and property office diminished by 40% to Rs 2.59 billion from a year ago's Rs. 4.3 billion.

In general the expanding misfortunes of state claimed elements like Pakistan Railway, PIA and others builds the weight on the national spending plan each year, with the citizens taking care of everything of these endeavors a seemingly endless amount of time.
Sat Aug 13, 2016 11:10 am View user's profile Send private message
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