Stocks Observer. com

By Abdul Qadir Qureshi (Pakistan News & Features Services) The Pakistan Railways has made great strides in its revenue earnings with Karachi railway division alone having achieved amazing targets with total revenue earnings rising from Rs 4172.468 million in 2011-12 to Rs 15,615.820 million in 2015-16. The statistics showed that railways’ revenue earnings stood at Rs 2326.312 million in 1988-89 and soared to Rs 4726.668 million in 2012-13 but shot up to Rs 15,615.820 million in just 2 years 2014-16.  "The earnings of the division stood at Rs 12,158 million in 2014-15 as against the target of Rs 9304.276 million and went up to Rs 15,615.820 million as against the target of Rs 12,732 million in 2015-16,”Engr Nisar Memon, the Divisional Superintendent Railways Karachi Division, informed in an interview.  Giving head wise earning position, he revealed that from July 2016 to October 2016, the railway's passenger earnings touched a record Rs 2126.150 million as...