Pakistan Railways (PR), Karachi Division, has surpassed its revenue target by 26 percent, as it earned around Rs 2.6 billion against the target of Rs 2.2 billion during the first three months of current financial year (FY), depicting an increase of Rs 462 million. Divisional Commercial Officer (DCO) Pakistan Railways Nasir Nazir told Business Recorder that the public entity was limping back towards its past glory, as its financial health has improved.
He said that PR headquarters (HQs) had fixed some Rs 2.2 billion revenue target for Karachi division from passenger, parcel and goods trains for the first three months of FY 2016 against which the division earned Rs 2.6 billion till September 7. "Rs 884 million revenue target was fixed from passengers trains for the period under review; and the divisional earned some Rs 1.0 billion during the same period. We have earned Rs 135 million additional revenue than the fixed target," he informed.
Similarly, around Rs 1.2 billion revenue target was set for goods trains, against which the division collected Rs 1.5 billion, depicting an increase of Rs 300 million. To a query, he said: "Punctuality of trains' arrival and departure timings and economical fares have attracted the passengers to travel by trains. That is the main reason behind this significant revenue surge."