KARACHI/LAHORE – Pakistan Railways (PR) on Saturday announced an increase of up to 30 percent in fares to meet its financial crisis. A notification issued on Saturday said the railways, which owes over Rs 991 million to PSO, had announced the increase to at least meet day to day expenditures of the organisation.
The rail fares were raised by 10 to 30 percent to generate funds to meet its operational expenses, they added. Meanwhile, the NA’s Standing Committee on Railways unanimously passed a resolution requesting the PM to release the remaining amount of Rs 11.5 billion bailout package for railways.
In accordance with the present fare raise, fares of passenger trains were increased by 10 percent, express trains by 20 percent, non-stop rails by 25 percent, freight trains by 30 percent, while inter-city rail fares were increased by 15 percent.
