The Pakistan Railways (PR) is considering to increase its fares as the organisation has sustained a loss of Rs 1.10 billion owing to increase in the petroleum prices seven times in the last eleven months, chairman, Pakistan Railways (PR), Shakil Durani said.
"Since the PR is a commercial organisation and not a utility service, it is inevitable to raise the fares for overcoming the losses," he said while talking to local newsmen after holding a meeting with the Nazims of District and Tehsils of Pano Aqil and Sukkur at Circuit House on Sunday.
Durani said all the settlements at railway land were illegal, however, as per policy of the government, the residents of old Katchi Abadis would be regularised by giving them ownership rights.
He told that a railway park located in front of Pano Aqil railway station would be handed over to Taluka government while the District Government of Sukkur has been allowed to construct an underpass beneath the railway line in Pano Aqil.
To a question, he said the PR would renovate the century old bridge in Sukkur for which Rs 2.6 million would be released to district government of Sukkur.