Pakistan Railways has achieved a historic financial milestone, recording revenues of Rs33 billion over the past five months, reflecting a 14% year-on-year growth compared to Rs29 billion during the same period last year, according to CEO Aamir Ali Baloch.
This represents an additional gain of over Rs 4 billion, attributable to enhanced operational efficiency and improved strategic revenues.
This strong performance comes on the heels of a record-breaking 2023-24 financial year, during which Pakistan Railways recorded revenues of Rs88 billion, an increase of 40% from Rs63 billion in the previous year.
Pakistan Railways’ revenues exceeded its initial target of Rs73 billion, earning Rs47 billion from passenger trains, Rs28 billion from goods vehicles, and more than Rs13 billion from land and other sources.
CEO Baloch highlighted that groundwork for the Main Line 1 (ML-1) project, a major infrastructure initiative, is scheduled to commence by March 2025, indicating long-term growth and profitability for the organisation.
“This achievement is a testimony to the hard work of our employees. We aim to increase revenue to Rs 1 trillion in the next financial year,” he added.