Pakistan Economic Crisis: Flour wet in Pakistan’s pauper! The tracks were uprooted in the flood… Now there is no money even to run the train – Pakistan financial crisis railway facing more deficit than revenue as flood destroyed railway infrastructure
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The Railways received a subsidy of Rs 21.75 billion from the federal government in the form of grants-in-aid, the Express Tribune reported. The Pak minister said in the House, ‘The total deficit for the period from July 1 to December 31, 2022 was Rs 2.977 billion.’ However, Senator Danesh Kumar of the Balochistan Awami Party said that the Railways had distorted the figures. Its total loss was Rs 24.727 billion.
Pakistan’s tracks uprooted by floods
The Pakistani minister said, ‘The first half of the current financial year 2022-23 has been very bad for Pakistan Railways. Last year’s devastating floods have further destroyed the already dilapidated infrastructure. Awan proposed to improve tracks across the country to run trains at a speed of 160 kilometers per hour. Railway tracks were washed away on a large scale by the flood, which disrupted the traffic and food supply of the whole country.
Believing of ‘Pakistan’s Ambani’, Shahbaz does not become a beggar in Pakistan
Billion dollar loan stuck in the middle
Pakistan is badly stuck in economic crisis. All its hopes rest on the IMF. But at the moment he is not getting any relief from the international. If Pakistani media is to be believed, the Shahbaz government has not yet received the Economic and Financial Policies draft. That’s why it is being said that the loan worth billions of dollars to Islamabad is now stuck in the middle.
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