Railways’ Consultancy Firm Earns Rs813.2 Million from 22 Domestic, International Projects

A subsidiary company of Pakistan Railways, Pakistan Railway Advisory & Consultancy Services Limited (PRACS),  completed 22 national and international projects to generate Rs813.202 million rupees for the organisation.

The PRACS earned Rs813.202 from the projects it completed during the fiscal year 2000-2001 to 2016-2017.

This information was shared with Senate’s Standing Committee on Railways during its meeting held in Islamabad. The meeting was presided over by the committee’s chairman Senator Muhammad Asad Ali Khan Junejo.

The PRACS generated Rs60.128 from a project it undertook in 2013-15 for management and construction supervision of Hofuf Bypass Railway Project of Saudi Railways.


ALSO READ

Pak Railways Makes Record Sales Worth Rs. 60 Million in a Day


The company earned a Rs21.296 million from another project it executed for Saudi Railway in 2013, which was ‘Project Management and Supervision of Renewal of Station Sidings on Mail Line-2’ of Saudi Railways Organization.

In 2012, the consultancy firm also carried out a project for the Saudi Railway Organisation titled as  ‘Preparation of Maintenance Manual for High-Speed Railways’ through which it earned Rs12.018 million.

The organisation generated Rs178.198 in FY2011-12 through a project titled as “Manufacturing and Supply of 15 Bogies Tank Wagon’ for Sri Lankan Railways.

It also earned Rs41.826 million by providing consultancy service to Tethyan Copper Company Canada for transportation of copper from Nokundi.


ALSO READ

South Korean Investors Show Interest to Invest in Pakistan Railways


The committee was informed the PRACS earned Rs6.710 million from a feasibility study carried out in 2004-05 regarding the manufacturing of bogies for Poatinka, Indonesia.  A feasibility study the PRACS carried out for Rail Link from Chaman in Pakistan to Kandahar in Afghanistan in 2004 generated Rs17 million.

The company generated Rs194.787 million through a project “Manufacturing of 40 Freight Wagon for Sri Lankan Railways'” in 2000-01.

The other projects the company carried out during the period in question were all domestic.