Pakistan Railways to increase goods trains charges by 20pc

ISLAMABAD: Pakistan Railways (PR) is all set to increase rates of freight trains by 20 percent following the increase in prices of petroleum products.

The PR is facing over Rs 3 billion financial burdens due to increase in the oil prices, Business Recorder reported.

Official sources revealed that 20 percent increase in freight train fares would be applicable after August 10, 2019 because of the recent increase in oil prices. The increasing oil prices have left the PR with no option but to increase the fares of all of the passenger trains.

The PR operating cost for 2019-20 is estimated at Rs 22.83 billion against the revised Rs 20.985 billion for 2018-19.

The PR increased passenger trains fares by up to around 17 percent during the last one year. According to a PR spokesman, the increase in the fares has been done through a rational way after the careful study of the fares of road and air transport.

The current increase in the fares would reduce the additional burden of deficit being faced by Pakistan Railways, he added.

Minister for Railways Sheikh Rashid Ahmed had announced that fares of economy classes would be increased up to Rs 100, while six to seven percent increase would be made for other classes from July 1 in wake of the recent oil prices hike.

He said rail fares would have to be revised as PR had to face additional burden of Rs 3 billion owing to increase in oil prices in international market, adding that no fare would be increased for traveling less than 50 kilometers.

The PR had increased the fare for Green Line Express – the only VIP train running between Islamabad and Karachi – in April last.

Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • RSS Newsnreleases

    • Nokia and EDC partner to advance Canada’s 5G contributions 26-Jul-2021
      OTTAWA: Nokia and Export Development Canada (EDC) today announced an expanded global partnership aimed at investments in 5G and the... Continue reading The post Nokia and EDC partner to advance Canada’s 5G contributions appeared first on NewsnReleases.
    • ITV buys minority stake in Live Tech Games 26-Jul-2021
      LONDON, UK: ITV Plc has agreed to invest £2.5 million in cash for a minority shareholding in Live Tech Games... Continue reading The post ITV buys minority stake in Live Tech Games appeared first on NewsnReleases.
    • Aon and Willis Towers Watson mutually agree to terminate combination agreement 26-Jul-2021
      DUBLIN, IRELAND: Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their business combination agreement... Continue reading The post Aon and Willis Towers Watson mutually agree to terminate combination agreement appeared first on NewsnReleases.
    • S-Ventures acquires Pulsin Limited in a £7.5 million deal 26-Jul-2021
      LONDON, UK: S-Ventures PLC has acquired 100% of the share capital of Pulsin Limited, a well-established and highly respected plant-based... Continue reading The post S-Ventures acquires Pulsin Limited in a £7.5 million deal appeared first on NewsnReleases.
    • Artefact to sell controlling stake to Ardian Expansion for EUR 138.84 million 26-Jul-2021
      PARIS, FRANCE: The shareholders of Artefact  entered into exclusive negotiations regarding a potential acquisition by Ardian Expansion of 17.811 million... Continue reading The post Artefact to sell controlling stake to Ardian Expansion for EUR 138.84 million appeared first on NewsnReleases.