LAHORE: Federal Minister for Pakistan Railways (PR) Khawaja Saad Rafique said on Saturday that the department had decided to increase its revenue target from Rs 28 billion to above Rs 31 billion for the fiscal year 2014-15.
Speaking at a press conference at the Railways Headquarters, he said the department was allowed to make expenses upto Rs 65 billion but it would keep it expenses by Rs 62.5 billion.
Three years were required for revival of the Pakistan Railways while at least 10 years were required to bring it upto any modern railway system in the region, he added.
He said employees of the department were facing challenges in the department and they would continue their struggle till achieving the desired results.
The minister said the department had paid outstanding dues of over Rs 1 billion to its employees and wanted to clear the backlog.
He said a survey of all passenger trains was being carried out for bringing about an improvement in its composition after which the department could earn an income of Rs 800 million to Rs 1 billion.
The minister said the department had also planned to use its land for increasing its income.
The efficient operation of cargo express would not only benefit the railways but also provide employment opportunities to a large number of people, he added.
He said an agreement would be signed between PR and National Logistic Cell (NLC) under which 10 locomotives would be added in railways fleet, adding that 70 locomotives would be dedicated to freight till June 30, 2015.
Earlier, Khawaja Saad Raique in a meeting with young railway officers asked them to discharge their duties with honesty, commitment and dedication.
The minister said the railways interest should be on priority and change came through practice not through slogans.
He said the department needed innovative ideas and:” We have to develop a working culture in the department for its progress and prosperity.”