Friday, July 11, 2008

Urban Transport Business on Verge of Collapse’

THE business of urban transport is on the verge of collapse due to recent abrupt increase of diesel price along other operational elements. Country General Manger Daewoo Pakistan Inam Sheikh stated that the company had been going through very serious financial crunch, and it had become unnecessary for the company management to further continue urban bus service in Lahore.


He said the company had tried its best to provide AC urban bus service to the general public and paid higher price in term of losses. He further stated that it had been observed that some other companies tried their level best to run AC bus service in Karachi and other cities but sooner or later they had closed their services due to operational losses. He stated that the Daewoo was the only urban AC bus service which was operational.

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