Karachi division generates record freight revenue for Railways in FY21
KARACHI: A report surrounding a comparative analysis of Pakistan Railways (PR) reveals a Rs18.76-billion boost in freight income for the fiscal year 2021 in Karachi division.
A study shared by the Railways with Dawn News points out that the Karachi division of Pakistan Railways, which is responsible for the supervision of freight trains, produced a record of Rs 18.76 billion in the fiscal year 2021, exceeding the amount generated in the fiscal year 2019 by approximate one billion rupees.
The combined capacity stored in the freight railways during the fiscal year 2021 reached about 6.40 million tonnes, which has excelled all previous records since 1994. Furthermore, the Karachi division packed 215,291 freight wagons through the fiscal year 2021, which remains the highest number since 1994 as it broke the previous account of 214,792 wagons during 2018.
An analysis of the Karachi district’s performance over the past five years notes that the fiscal year 2017 was the primary time when the income production had an increase of Rs 10.48 billion. The coal shipment to two 660 MW coal-based power plants in Yousafwala caused the revenue of the freight railways to rise.
Afterward, throughout the fiscal years of 2018, 2019, and 2020, the Pakistan Railways freight income kept increasing from Rs17.02bn to Rs17.2bn , and Rs17.75bn, sequentially.
The coal trains departing to Yousafwala, make up to 55 to 60 percent of the total freight income production. From 2017, a total of 4,880 coal railway trains have been delivered to Yousafwala. All of the trains individually comprise 40 high-level ZBKH wagons holding a collective tonnage limit of 2,400. In the past five years, 3.2 coal-laden trains on average are transported to Yousufwaala from Karachi.
The monthly income obtained from the transportation to Yousafwaala hit a peak with generating Rs 1.365 billion in March 2021. Also, 392 wagons were unexpectedly loaded for the Yousafwala trains on March 27, 2021.
Another prominent contribution to the railway wagons of the Karachi district is the ZBFC wagons. They are different from coal-based trains, as they are flat in appearance and transport containers. The ZBKC wagons transport coal and rock phosphate, plus two ZBC freight trains 501Up and 503Up carry various commodities to other parts of Pakistan from Karachi. In February 2021, 13,104 wagons were transported showing an increase from the earlier amount of 12,344 wagons in July 2016. The highest income generated in 2019 from these services is recorded to be Rs 895 million.
Mohammad Azam Khan Swati, the Federal Minister for Railways has toured all the loading terminals in Karachi twice and emphasized their upgrading and development so that all freight associated operations including loading can be implemented as per contemporary standards.
On the 9th of January, 2021, addressing in his first media conference, he promised to make aims to double the freight income of the department and ensured that all efforts are being implemented to meet the target of the Minister regarding the revenues.