ISLAMABAD: Pakistan Railways is suffering Rs 90 million per day loss due to floods, APP reported Sunday. “The relentless monsoon rains and floods have not only destroyed the many railway tracks, but also damaged the bridges which disconnected Sindh and Balochistan with other parts of the country,” APP quoted officials in the Ministry of Railways as saying. Officials were quoted as saying that during the last month, Quetta was disconnected from the rest of the country after bridge collapse at Mach Station, which had resulted in the cancellation of seven important trains between Karachi and Quetta. Local media earlier reported that estimated economic loss to Pakistan from floods has increased from USD 10 billion to USD 12.5 billion. However, the Express Tribune on Sunday reported that a report compiled by the ministry of finance showed much bigger losses than the original estimation, precisely to range between $15 billion to $20 billion. The catastrophic floods in Pakistan resulted in the loss of lives. Inflation is projected to go up to the range of 24 per cent to 27 per cent and will touch 30 per cent for the current fiscal year, media reported. “On the direction of Minister for Railways Khawaja Saad Rafique, the department is putting maximum efforts for rehabilitation of railway track in Sindh, Balochistan and other affected parts of the country shortly,” APP quoted its sources from the ministry as saying Sunday. ONLINE
