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41.91 million Train travel by Pakistanis in 2023–2024

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Around 41.91 million people rode trains in 2023–2024, according to Pakistan Railways, an increase of 6.51 million from the 35.40 million passengers in 2022–2023.

In fiscal year 2023-24, passenger earnings remained at Rs. 47.712 billion, exceeding the budgetary objective by Rs. 8.712 billion, according to figures supplied by Pakistan Railways. Additionally, earnings have increased by Rs. 13.799 billion more than they did in the preceding fiscal year, 2022–2023.

The report also showed that in fiscal year 2023-24, the total revenue from other sources, including scrap, property and land, military traffic, and freight, was Rs. 39.803 billion.

The administrators of Pakistan Railways are optimistic that a further increase in railway passenger volume is in store for the coming year.

“The department has made special arrangements to facilitate passengers at stations and in trains en route, including modern dining cars, mobile charging sockets in coaches, and water dispensers in coaches to provide passengers with clean drinking water,” the statement continued.

The Pakistan Railways department has also constructed information desks to assist and guide passengers, digital display boards to show train arrivals and departures, ticket vending machines (TVM) to sell tickets, and ramps and wheelchairs for those with disabilities.

Pakistan Railways is implementing various measures to increase train punctuality, including removing speed restrictions through special track maintenance, improving the signaling system through computerized interlocking and solar system installation, removing locomotive failures through timely maintenance, and introducing new passenger coaches.

In order to handle passenger complaints, the department has set up a cutting-edge call center under the Railway Automated Booking and Travelling Assistance (RABTA) program. In addition, a complaint register is available at stations and on trains, and passengers can file their grievances online at Pakistan Railways.

Contractors who are discovered to be selling inferior goods face fines and warnings. The contractor’s contract with Pakistan Railways is terminated when three fines are received,” it continued.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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