Prime Minister Nasir-ul-Mulk Tuesday said that with CPEC, there is a huge potential and scope for Pakistan Railways to further improve its performance and increase its share both in passenger as well as freight transportation sector by offer quality services to its customers.
During a briefing about the performance of Pakistan Railway, the prime minister directed that a comprehensive plan would be worked out to overcome the existing challenges for the consideration of the incoming elected government.
The briefing was attended by Minister for Railways Roshan Khursheed Bharucha, Secretary to the PM Suhail Aamir, Secretary Railways Muhammad Javed Anwar and senior officers of Ministry of Railways. The prime minister was informed that as a result of right mix in service the passenger share in Railways has increased from 13percent in 2013 to 31 percent in 2017.
Pakistan Railways recorded a revenue of Rs50 billion in 2017-18 as compared to revenue of Rs15.5 billion in 2011-12.
The prime minister was briefed about organizational structure, rail network, past performance and the future development strategy under National Vision 2025 in the Railways sector.
The prime minister was also briefed about the new business plan and various initiatives taken, both in freight as well as passenger transportation sector, for the revival of Railways and increasing its revenues. The prime minister was also briefed about the progress made in various rail network extension projects under the CPEC. It was informed that Main Line-1 (ML-1) project from Karachi to Havelian was being upgraded as Early Harvest Project under the CPEC.
It was informed that feasibility study for upgradation of ML-2 (Kotri-Attock) project has also been completed. Similarly, feasibility studies were in progress on extension of ML-2 (Gwadar-Basima-Jacobabad and Basima-Quetta) and extension of ML-3 (Quetta-Bostan-Zhob-DI Khan-Kotlajam) projects.
The prime minister was also apprised about the challenges faced by the organisation including the issue of pension liabilities that contributed to 34 percent of the total expenditure of the organisation.
The prime minister appreciated the performance of Pakistan Railways especially various initiatives taken under the strategic business plan.