ISLAMABAD
\nPakistan Railways has auctioned approximately 6,678 acres of land for various purposes through a competitive bidding process, leasing it to government entities and private individuals to generate revenue for the department.
\n\u201cThe department has earned a total revenue of Rs. 7,575 million from leased land over the last two financial years,\u201d an official from the Ministry of Railways told media.
\nThe official explained that Pakistan Railways leases out its land through an open auction process in accordance with the Railway Property and Land Rules, 2023, which were duly approved by the federal cabinet.
\nThe department provides land to government institutions for public welfare projects, subject to payment of lease charges and ground rent as per the approved policy.
\n\u201cProactive efforts are underway to lease the remaining available land through advertisements across all operational divisions as well as through the Real Estate Development and Marketing Company (REDAMCO),\u201d he added.
\nAs of December 2024, Pakistan Railways has operated 1,450 freight trains since July 2024, generating Rs. 15.214 billion in revenue from freight operations.
\nThe department recorded its highest-ever revenue of Rs. 88.8 billion during the fiscal year 2023-24 by implementing measures to optimize revenue generation and reduce costs.
\nThe official said that both passenger and freight trains are being operated at optimal capacity, reducing operational expenses and boosting earnings. Furthermore, the department has shifted from long-term to short-term land leasing to remain competitive and maximize revenue.
\nPakistan Railways has made significant progress in train punctuality, improving from 79% in the previous year to 82% in FY 2023-24.
\nThe department has also expanded its online booking services through its website and mobile applications (Android and iOS) under the RABTA system, leading to increased customer engagement.
\nTo enhance passenger convenience, the department has installed Ticket Vending Machines (TVMs) for faster ticket purchases, set up information counters, introduced real-time departure boards under the RABTA system for up-to-date travel information, and launched premium dining cars on select routes.
\nPakistan Railways has entered into public-private partnerships (PPPs) to outsource the commercial management of various passenger trains to private operators, aiming to improve service quality and efficiency.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD Pakistan Railways has auctioned approximately 6,678 acres of land for various purposes through a competitive bidding process, leasing it to government entities and private individuals to generate revenue for the department. \u201cThe department has earned a total revenue of Rs. 7,575 million from leased land over the last two financial years,\u201d an official from […]<\/p>\n","protected":false},"author":2,"featured_media":350884,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-465173","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-national"},"yoast_head":"\n