ISLAMABAD (PEN) : Pakistan Railways (PR) has announced a 3% increase in freight charges for all goods trains. This adjustment is attributed to rising diesel prices, as per a notification from PR.
However, the 3% hike will not affect charges for steel coils, petroleum products, line haul costs, line management costs, shunting charges, demurrage, and destination charges.
In positive financial news, Pakistan Railways achieved a historic revenue milestone, reporting earnings of Rs 88 billion by the end of the 2023-24 fiscal year. This marks a significant 40% increase from the previous fiscal year, where revenue stood at Rs 63 billion.
Initially, the government had set a revenue target of Rs 73 billion for the department at the start of the fiscal year. Of the total revenue, Rs 47 billion was generated from passenger trains, Rs 28 billion from goods trains, and over Rs 13 billion from land and other sources.
