Pakistan Railways (PR) runs a loss amounting to Rs 100 million every month despite instituting a five percent raise in passenger fares, sources in PR said on Saturday. After the September 1 hike in petroleum products prices, the company would face an additional loss of Rs 300,000 daily resulting in an increase of approximately Rs10 million in monthly losses. They added that the department has already suspended several trains because of its financial crunch. To hedge the company against the increased fuel prices effective from September 1, PR has announced a five percent increase in its fares.
