Saturday, June 26, 2010

Plan to Convert Railways into Profitable Entity on Anvil

Seems like a joke ................. Government is interested in reviving Railways ........... Hopes and nothing else ................

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ISLAMABAD (June 27 2010): The government has decided to devise a comprehensive plan to convert Pakistan Railways into a profitable entity by privatising sale of tickets and checking system, Business Recorder has learnt. Sources in the Railway Ministry said that the government has decided to devise a plan, for the next three years, under which ticketing sale and its checking would be privatised.

Similarly, modern computerised system would be introduced to increase trains' speed. To enhance revenue, new freight trains and oil tankers will operate from Karachi to other parts of the country. Sources said that to curtail the increasing trend of travelling in trains without a booked ticket, ticketing department would be privatised.

According to the plan, some private company fulfilling the Railways criteria would issue tickets. In this regard another proposal is also under consideration according to which private company will provide the passengers their tickets at their homes.

According to the plan, passengers will book their tickets online, which will not only save time but will also provide relief to the passengers who are always complaining about Railways mismanagement, sources added. Most of the people avoid travelling in trains as they take longer time as compared to air travel.

After installation of modern computerised system, trains' speed will automatically increase and it is expected that it will not only attract more passengers to travel by train but will also increase revenue. The plan is likely to be implemented in the next three years, which will covert the Pakistan Railways, which has sustained financial bungling in its 60-year history, to a profitable institution, sources added.

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