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ISLAMABAD: The Pakistan Institute of Development Economics (PIDE), a state-owned think tank associated with the Planning Commission, has discovered that 115,000 unverified retired Pakistan Railways personnel are receiving Rs35 billion in yearly pension. PIDE stated in a statement published on Sunday. Their investigation found that railway losses totaled Rs144 billion between 2015 and 2020. The PIDE research suggested substantial institutional reforms at Pakistan Railways. It is now one of the country's top 10 loss-making state-owned companies. The losses included an Rs44 billion shortfall in 2020. As well as an Rs36 billion pension burden on Railways for 120,000 workers. The government paid an Rs45 billion subsidy to overcome the shortfall and pension liabiliti...

Eid-Ul-Adha: Railway Pakistan has announced a 30% reduction in fares because of Eid. They believe that it will be like a present for the people who are going to their homes to celebrate this occasion. Federal Minister for Pakistan Railways (PR) Khawaja Saad Rafique announced it. There has been great inflation in Pakistan in the past few months. People are blaming the government of Pakistan for this. In this disarray, Pakistan Railway announced a 30% reduction in fares due to Eid. It has spread happiness on the faces of the people who travel from one city to another on the occasion. Khawaja Saad Rafique, federal minister of Pakistan railway has announced this reduction for the occasion only. While announcing this reduction Saad Rafique also exclaims that National Accountability Bur...

Tag: railway

Pakistan Railways paying pension to unverified employees

Railway Pakistan announced a 30% reduction in fares on EID