Pakistan Railways Raises Freight Charges in Response to Diesel Price Surge

Move comes as diesel costs escalate, impacting Pakistan’s rail freight operations.

KARACHI: Pakistan Railways (PR) has announced a 3 per cent increase in freight charges for all goods trains, effective immediately. This adjustment comes in response to the recent hike in diesel prices, according to an official PR notification.

However, the increase will not apply to several categories, including steel coils, petroleum products, line haul costs, line management costs, shunting charges, demurrage, and destination charges.

In a related development, Pakistan Railways has reported record-breaking revenue for the financial year 2023-24, reaching Rs88 billion. This marks a significant rise from the Rs63 billion reported in the previous financial year, representing a 40 per cent increase.

This revenue milestone is unprecedented in the history of Pakistan Railways. The initial revenue target set by the government at the start of the financial year was Rs73 billion.

According to the news, the breakdown of earnings includes Rs47 billion from passenger trains, Rs28 billion from goods vehicles, and over Rs13 billion from land and other sources.

Read more:Pakistan and Russia Forge New Path in Railway Cooperation at SPIEF

The financial success of Pakistan Railways highlights the organization’s robust performance despite the challenges posed by fluctuating diesel prices and operational costs.

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