Non-allotment of land causes loss of Rs4b

Non-allotment of land causes loss of Rs4b

An audit report, presented to the Public Accounts Committee (PAC), has raised an objection over a Rs4 billion loss caused by the non-allotment of 1,250 acres of land by the Port Qasim Authority (PQA). According to the Auditor General of Pakistan's (AGP) report, a lease agreement for the 1,250 acres of land was signed between Port Qasim and the Pakistan Telecommunication Company Limited (PTCL). In 2021, a decision was made to cancel the lease agr…

Pakistan Railways generates Rs 13.547 bln by leasing land

Pakistan Railways has generated Rs 13.547 billion in revenue by leasing its valuable commercial and agricultural land over the past five financial years, aiming to transform the department into a profitable entity. “The department has been leased out around 14,042 acres of railway land for various purposes through competitive bidding,” an official from the Ministry of Railways told APP. The official said that Pakistan Railways leases its land th…

Pakistan Railways loses revenue as temporary land ...

Lahore: Pakistan Railways suddenly halted the temporary allotment of its land recently, a move which will leave the cash-starved state-run organization short by billions of rupees in revenue annually, officials and affected leaseholders said. Chief Officer Pakistan Railways issued the decision on a February 21, 2025 notification without any clearly mentioned motive and has been criticized for reportedly exacerbating the financial woes of the alr…

Pakistan Railways NearsRs1 Billion Operating Profit Amid Rs64 Bln Allocation & Liabilities - Economy.pk

ISLAMABAD – Pakistan Railways has reported an operating profit close to Rs1 billion with an allocation of Rs64 billion, as revealed during a Public Accounts Committee (PAC) meeting chaired by Junaid Akbar on Wednesday. However, the Ministry of Railways acknowledged that pension payments have been delayed for the past two years due to budgetary constraints. The committee reviewed audit observations for the financial years 2022-23 and 2023-24. Dur…