26.1 C
Delhi
Saturday, February 21, 2026

Pakistan: Railways’ financial crisis deepens amid structural failures

Islamabad (Pakistan): Pakistan Railways is confronting a widening financial imbalance, with its short-term liabilities exceeding its operational surplus by more than tenfold, according to proceedings of a parliamentary committee meeting, as reported by Dawn.

According to Dawn, during a session of the National Assembly’s Standing Committee on Parliamentary Affairs, chaired by Rana Iradat Sharif Khan, officials disclosed that while the railways generated an operational surplus of Pakistani Rupees (PKR) 2.4 billion, its immediate obligations have reached PKR 27.4 billion.

The figures point to a serious structural funding gap that questions the sustainability of the department’s financial model. The member finance of Pakistan Railways informed lawmakers that despite the fiscal strain, the department has attempted to manage long-standing employee-related liabilities.

PKR 5.622 billion has been released toward commutation payments, clearing cases up to May 31, 2023, while PKR 1.103 billion has been paid for leave encashment dues cleared up to March 31, 2024. However, officials admitted that these disbursements only partially address the broader imbalance between resources and commitments.

Concerns were also raised regarding complaints filed by railway pensioners with the Prime Minister’s Delivery Unit, highlighting dissatisfaction among retired employees over delayed payments. In a separate briefing, representatives of the National Highway Authority (NHA) updated the committee on traffic congestion at the Phoolnagar Motorway Toll Plaza in Kasur district, as highlighted by Dawn.

The toll facility was established in March 2025 at KM 1215-1216 following approval from the NHA Executive Board to boost revenue. Initially, a temporary three-lane structure on each side was installed on the existing road, which led to recurring traffic bottlenecks. Motorists were slow to adapt to the revised toll collection mechanism, causing extended queues. Authorities stated that construction of a permanent 12-lane plaza, six lanes on each side, is 90 percent complete and is expected to mitigate congestion once operational, as reported by Dawn.

Latest

1,200+ hp EV drifts at 213 kmph, VIDEO leaves fans shocked

Fastest electric car drift record: Guinness World Records has released a video showing China's GAC Hyptec SSR setting a new world record for the fastest drift b

Tata Punch EV facelift launched in India: Top 5 features you should know

Tata Motors has launched the Punch EV facelift in India, starting at ₹9.69 lakh. It features two battery options, with a range of up to 468 km, fast charging

This is how Royal Enfield’s first electric motorcycle looks like in production form

Multiple undisguised test bikes confirm that Royal Enfield’s first electric motorcycle, the Flying Flea C6, is nearly production-ready, staying faithful to it

2026 Tata Punch EV facelift vs Maruti Suzuki e Vitara: Which electric SUV is VFM

The 2026 Tata Punch EV facelift comes with a pricing that allows it to throw a tough challenge to the newly launched Maruti Suzuki e Vitara.

China copycat again! Range Rover inspired EV showcased

Cars News: Chinese copy products have often been discussed in India. These copies are seen in many categories, from electronics and watches to even cars. Now, a

Topics

Fattah hypersonic specs revealed: Is Iran’s new glide vehicle a ‘carrier killer’ or psychological warfare?

Ayatollah Khamenei warned Iran can sink the USS Gerald R. Ford. From Fattah-1 hypersonic missiles to the Abu Mahdi cruise missile, explore the tech behind Tehra

Who is Neal Katyal? Indian-American lawyer in spotlight amid US SC’s ruling on Trump’s tariffs

US tariffs: Neal Katyal, who is a partner at Milbank LLP and the Paul Saunders Professor at Georgetown University Law Center, termed the Supreme Court's ruling

World’s smallest Island country: Just 21 sq km in area, only 10,000 people live here

World’s smallest Island country: The world’s smallest island country is Nauru, a tiny nation located in the central Pacific Ocean. It has a population of a

Trump’s ‘much ado about nothing’? From 50% to flat 10% — How court ruling brings change in US trade strategy

US tariffs: The US administration has imposed a 10 per cent ad valorem import duty on articles imported into the US. After the ruling, Trump announced in a pos

Three Hezbollah commanders killed in Israeli airstrikes on Lebanon

In a statement, Hezbollah mourned commander Hussein Mohammad Yaghi, stating that he had become a martyr in defence of Lebanon and its people. Meanwhile, since N

Brazilian President Luiz Inacio Lula da Silva meets PM Modi; receives Guard of Honour at Rashtrapati Bhavan

President Lula was accorded the Guard of Honour at the Rashtrapati Bhavan. The Brazilian President was received at the Rashtrapati Bhavan by PM Modi and Preside

Trump’s press conference over Supreme Court tariff ruling- key takeaways

President  Trump's extensive press conference highlighted the continued centrality of tariffs to his presidency and suggested that the Supreme Court’s decisi

Total Lunar Eclipse 2026: When is Chandra Grahan? check date, time and significance

Planets & Transits News: The first Chandra Grahan is going to take place on March 3, 2026. This will be an exciting celestial event for all the sky watchers and
spot_img

Related Articles

Popular Categories

spot_imgspot_img