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|
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.