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zeeshan
Joined: 21 Jan 2016
Posts: 655
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| Pakistan Railway Losses in One Year Rs. 28 Billion |
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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 articulations being given by different authorities around a conceivable turnaround for the administration.
Complete income 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 monetary 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 budgetary consultant of Pakistan Railways to the concerned Ministry.
The deficiency of Pakistan Railways right now remains at Rs. 28.3 billion and that is not including the interest and reimbursements of advances on capital and substitution account figures. The aggregate shortage could ascend significantly 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 financial 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.
Profit
Complete traveler profit, be that as it may, expanded to Rs. 20.39 billion from earlier year's Rs. 17.45 billion.
Transportation of merchandise by means of cargo operations additionally 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 area which incorporates PR's business, advertising, 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 undertakings a seemingly endless amount of time.[img][/img]
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| Sat Aug 13, 2016 11:12 am |
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