LAHORE: The Pakistan Railways (PR) has announced operational profits of Rs775 million for the July-September period, said Shahid Aziz, the chief executive officer of the PR, while talking to a private television network.
One of the key highlights of the CEO’s discussion was an 86 per cent surge in the revenue of the Pakistan Railways, moving the earnings to a substantial Rs17.96 billion.
Shahid Aziz also provided insights into the collaborative ML-1 project with China, a significant infrastructure aimed at modernizing and expanding the rail network. The project’s estimated cost has been reduced from $9.6 billion to $6.6 billion.
Shahid Aziz also unveiled the department’s ambitious plans to operate 100 daily trains between Karachi and Peshawar. This expansion initiative aims to facilitate transportation and trade across the nation.
Furthermore, the CEO outlined the railway’s commitment to reducing travel time between Karachi and Lahore from over 18 hours to just 12 hours, promising improved efficiency and convenience for travelers.
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