ISLAMABAD: Pakistan Railways has generated Rs 13.547 billion in revenue by leasing its valuable commercial and agricultural land over the past five financial years, aiming to transform the department into a profitable entity. “The department has been leased out around 14,042 acres of railway land for various purposes through competitive bidding,” an official from the Ministry of Railways told media. The official said that Pakistan Railways leases its land through open auctions under the Railway Property and Land Rules, 2023, which were approved by the Federal Cabinet. He said the efforts to generate non-fare revenue are being led by the Real Estate Development and Marketing Company (REDAMCO), a subsidiary of the Ministry of Railways. To a question, the official said the department has also decided to accelerate its ongoing anti-encroachment operations against land grabbers nationwide to reclaim railway land from individuals, groups, and even business organizations. Under the directives of Minister for Railways Muhammad Hanif Abbasi, anti-encroachment operations have been launched across the railway network. DNA
