Wednesday, August 24, 2011

Pakistan Railways budget deficit for 2011-12

The Pakistan Railways (PR) has become a white elephant for the nation. It has estimated a deficit of around Rs 53 billion for the fiscal year 2011-12 .

The hard earned money of the nation which it pays in taxes so that the govt should provide them some facilities and comforts in life is being wasted ruthlessly by the govt on white elephants like Railway, PIA, Pakistan steel and so many others. Alas these organizations could be run efficiently as we see them running in other countries , take India for example.

Chairman of National Assembly Standing Committee on Railways Sardar Ayyaz Sadiq told the  media  that the Railways had prepared a deficit budget for the fiscal year 2011-12. The deficit would be more than Rs 53 billion while earnings estimated at Rs 12 billion against an expenditure of Rs 65 billion.


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