Pakistan Railways has leased out its land at 33 locations for fuel stations across the country which will generate total revenue of around Rs 11.287 billion during the lease period. According to the official documents, the land has been leased to different organisations and individuals for a period of 33 years.
Pakistan Railways has, so far, earned Rs 905.59 million from the process of leasing out its land for fuel stations. The total earning under the head after completion of the 33-years lease period is estimated to be Rs 11.287 billion.
The land has been rented out in different divisions of the Pakistan Railways including Peshawar Division, Rawalpindi Division, Lahore Division, Sukkur Division, Quetta Division, and Karachi Division during different timings.
In Peshawar Division, land in Mardan, Attock and Kalpani has been leased out for the purpose which will generate Rs 1004.27 million. So far the department has earned Rs 90 million from the process.
In Rawalpindi Division, the land has been leased out in Sargodha, Islamabad, and Sara-e-Alamgir on GT Road, Jhelum and Bhalwal which will generate Rs 1049.05 million for the department. The Pakistan Railways has so far earned Rs 154.96 million from the process.
In Lahore Division, the land has been allotted in Sialkot, Lahore, Kasur, at two locations in Faisalabad, Bawalnagar, and Shah Ismail, which will generate total Rs 3122.73 million after completion of the lease period. The Pakistan Railways has so far earned Rs 30.45 million.
In Multan Division, the land has been leased out in Multan, Muzaffargarh and Bahawalnagar, which will earn a total of Rs 555 million for the department. The Pakistan Railways has so far earned Rs 54 million from the lease.
In Sukkur Division, Pakistan Railways has leased out land at Sukkur, Shikarpur, at two locations in Rahim Yar Khan and Sadiqabad which will earn a total of Rs 535.36 million for the department. The organisation has so far earned Rs 384.88 million from the lease.
In Quetta Division, Pakistan Railways has rented out land for fuel stations in Quetta city which will generate a total Rs 153 million. The Railways has so far earned Rs 33.34 million from the lease.
In Karachi Division, Pakistan Railways leased out land in Hyderabad and eight different locations in Karachi which will earn a total Rs 4864.62 million for the department. The Pakistan Railways has so far received Rs 292.13 million from the process.
Pakistan Railways had allotted land to Army Welfare Trust at eight different locations in the country for setting up fuel stations on a 33-years lease, while Gas and Oil Company (Pvt) Limited had been allotted land at 10 different locations across the country on a 33-year lease.
The RPG Management (Pvt) Limited had been allocated land at four different locations in Karachi in 2010 on a 33-year lease for setting up fuel stations.
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