Railways Generates Rs1763 Million by Leasing Out Lands in FY’17-18

Pakistan Railways has generated an amount of Rs1763.125 in revenue by leasing out the land of the department to private parties.

This land was leased for both commercial and agricultural purposes, Minister for Railways Shaikh Rasheed Ahmed informed the National Assembly today.

According to written reply submitted to the House by the Minister and a copy of which is available with ProPakistani, a total of Rs1609.989 were generated in FY2017-18 from the land leased out for commercial purposes, with Peshawar division being the in the lead to generate the of Rs54.788 million from the head.

As per the reply, FY2013-14 proved to be the most profitable year for the Railways as it generated Rs1756.635 from the leased lands given for commercial uses, the department generated an amount of Rs8099.38 million in last five years.

Moghalpura was second in the list with an income of Rs339.293 million and Lahore, third with an income of 217.8m.

Similarly, the department generated an amount of Rs153.136 million from the land leased out for agricultural purposes.

Here are the division-wise details:

SR# Railway Division Rev (Agr) Rev(Comm) Total
1 Peshawar 4.859m 554.788m 559.647m
2 Rawalpindi 34.482m 124.756m 159.238m
3 Lahore 38.997 217.888m 256.884
4 Moghulpura 3.496m 339.293m 342.790
5 Multan 63.731m 153.288m 217.019m
6 Sukkur 6.132m 84.404m 90.536m
7 Karachi 0.801m 116.295m 117.095m
8 Quetta 0.638m 19.278m 19.916m
Total 153.136m 1609.989m 1763.125m

 

Interestingly, the minister told the Senate that no case of embezzlement was recorded by the Railway division regarding leasing of Railways lands.

He further admitted that the leasing was done through an open auction and that all the process was transparent and according to the Railway Policy.