They stated that the passenger and goods trains generated the majority of the department’s Rs 66 billion in revenue, with additional cash coming from other departments.

In comparison to the previous year, when 86 trains were in service, Pakistan Railways is currently operating about 96 passenger trains, according to their statement. Comparably, the number of goods trains operated this year reached seven, compared to an average of 3.75 the previous year.

As work on the Mainline-I (ML-I) project gets underway, things will be more streamlined, according to the sources who stated the department stressed that the problem of employee salary delays has now been rectified.

Responding to a query, they stated that only six minor accidents involving no fatalities occurred over the nation’s whole railway network in the previous three months, and that Pakistan Railways had increased preventative efforts to lower passenger train mishaps.

According to them, the efforts made to prevent trespassing at unmanned level crossings and unauthorised sites have resulted in a significant drop in accidents.

The department’s primary concern is passenger safety, thus our workers are constantly keeping an eye on the nation’s railway tracks and thoroughly inspecting the trains, the sources stated.

The legal segregation of PIACL, one of the most complex restructuring exercises ever carried out, has reached finality, according to a press release released by the Privatisation Commission on Sunday. This is because the SECP approved the Scheme of Arrangement on May 3 for the transfer of PIACL’s non-core assets and liabilities to Pica Holding Company Limited.

The Privatisation Commission, Finance Division, Aviation Ministry, and PIA have been working together to reform the airline, and this order represents a major turning point in that work.

Turn off the silent
Additionally, the press release said that the plan went into effect on April 30, 2024.

The PSX, Central Depository Company, and National Clearing Company of Pakistan have been instructed by the SECP to enable the seamless listing of PIA Holding Company Limited in accordance with the relevant laws and guidelines.

The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.