Pakistan Railways has leased out its land at 33 locations across the country for fuel stations, which will generate a total Rs11287.47 million during the lease period for the PR.
According to documents shared with the Senate’s Standing Committee on Railways, the land has been leased to different organisations and individuals for a period of 33 years.
The PR has so far earned 905.59 from the process of leasing out its land for fuel stations. The total earning under the head after completion of the 33-years lease period is estimated to be Rs11287.47 million.
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The land has been rented out in different divisions of Pakistan Railways including Peshawar Division, Rawalpindi Division, Lahore Division, Sukkur Division, Quetta Division and Karachi Division during different timings.
In Peshawar division, land in Mardan, Attock and Kalpani has been leased out for the purpose which will generate Rs1004.27 million. So far the department has earned Rs90 million from the process.
In Rawalpindi Division, the land has been leased out in Sargodha, Islamabad, Sara-e-Alamgir on GT Road, Jhelum and Bhalwal which will generate a Rs1049.05 million for the department. The PR has so far earned Rs154.96 million from the process.
In Lahore Divison, the land has been allotted in Sialkot, Lahore, Kasur, at two locations in Faisalabad,
Bhawalnagar, and Shah Ismail, which will generate a total Rs3122.73 million after completion of the lease period. The PR has so far earned Rs30.45 million.
In Multan Division, the land has been leased out in Multan, Muzaffargarh and Bahawalnagar, which will earn a total Rs555 million for the department. The PR has so far earned Rs54 million from the lease.
In Sukkur Division, the PR has leased out land at Sukkur, Shikarpur, at two locations in Rahimyar Khan and Sadiqabad which will earn a total Rs535.36 million for the department. The organisation has so far earned Rs384.88 million from the lease.
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In Quetta Division, the PR has rented out land for fuel stations in Quetta City which will generate a total Rs153 million. The Railways has so far earned Rs33.34 million from the lease.
In Karachi Division, Pakistan Railways has leased out land in Hyderabad and eight different locations in Karachi which will earn a total Rs4864.62 million for the department. Pakistan Railways has so far received Rs 292.13 million from the process.
The PR has allotted land to Army Welfare Trust at eight different locations in the country for setting up fuel stations on a 33-years lease, while Gas and Oil Company (Pvt) Limited has been allotted land at 10 different locations across the country on a 33-year lease.
The RPG Management (Pvt) Limited has been allocated land at four different locations in Karachi in 2010 on a 33-year lease for setting up fuel stations.
Bad decision