Railways’ net deficit reached Rs3b | The Express Tribune
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ISLAMABAD: Minister of State for Law and Justice Shahadat Awan told the Senate on Tuesday that the Pakistan Railways generated Rs28.263 billion revenue, through its operation in the first half of the current fiscal year against the expenditures of Rs52.99. Responding to a question from Jamaat-e-Islami’s Mushtaq Ahmed, the minister said that 35% of the expenditures were related to pension and 33% to salaries. He added that the railways received a subsidy of Rs21.75 billion as a grant-in-aid from the federal government. “The net deficit for the period from July 1 to December 31, 2022, was Rs2.977 billion,” the minister told the house. However, Balochistan Awami Party’s Senator Danesh Kumar pointed out that the railways distorted the figures and that its total losses were to the tune of Rs24.727 billion. Responding to the supplementary question from Kumar, Awan said that the grant-in-aid provided to the railways should be counted as a loss, adding that it was provided by...