Pakistan Railway: At present, the economic condition of Pakistan is very bad. There is a huge debt of 100 billion dollars on the country, due to which the government is surrounded by huge economic problems. The condition there has become so bad that the government does not even have the money to pay salaries to its employees. The biggest example of this is the railway there. Due to the deteriorating economy of Pakistan, the railway employees have not been able to get the money for the last 8 months.
Pakistan is constantly trying to ask for a loan from the IMF under the bailout package, but even there it is not being successful. Recently, there has been a decline in Pakistan’s foreign exchange reserves. At present, only $ 2.9 million foreign exchange reserves are left with Pakistan, which is enough only for the next few weeks.
up to 50 percent drop
Pakistan is facing economic crisis in every field. A decline of up to 50 percent has been recorded in the income and expenditure of Pakistan’s railways. According to media reports, in the first quarter of the country’s current financial year, the Railways spent Rs 52.99 billion, but the Railways earned only Rs 28.263 billion. Because of this, only last month, railway employees had expressed concern over the delay in disbursement of their salaries and urged the Federal Government to take responsibility and pay them on time.
Expenditure on pension and salary
Pakistan’s Law and State Minister Shahadat Awan had informed that from July to December 2022, the Railways had incurred a loss of about 3 billion. 35 percent of Pakistan’s share was spent on pension and 33 percent on salary, while Pakistan Railways gave only 22 billion. On the other hand, a minister of Balochistan of Pakistan told the loss of railways to be 24 billion. At the same time, the Government of Pakistan informed that they have suffered a loss of 3 billion.
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