ISLAMABAD: The revenue of Pakistan Railways (PR) stood at Rs 53,703.78 million during the financial year 2023-24 (July-March) as compared to Rs 39,950.00 million during the previous fiscal year showing an increase of 34.4 percent.
According to the Economic Survey 2023-24 presented by Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday, the Railways’ freight and passenger traffic was 29.36 million and 5,037 million kilometres respectively during the current fiscal year.
The rail transport network of Pakistan Railways with 451 locomotives with a length of 7,791 km plays an important role in national integration and economic growth.
Earlier, Pakistan and Russia had signed a Memorandum of Understanding (MoU) to enhance cooperation in the railway sector. The MoU was signed on the sidelines of the 27th St. Petersburg International Economic Forum (SPIEF).
