Bhrkhen Marny Walon Ki log Bat to Sunten Hen Par Inhen Vote Nahi dety... Khawaja Sad Rafiq On IRI Su
aliahmad297622
Chief Minister (5k+ posts)
$120 per month avrage Pakistani make in 2017 sharm nahi atiii in logoo kooo and product are more expensive compare to USA
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aliahmad297622
Chief Minister (5k+ posts)
In ka bachaaa 700 Cror ka flat Ma rahaaa avrage Pakistani make $120 per month varrrr gaii jamoritttttt very sad
Anonymous Paki
Chief Minister (5k+ posts)
vote daitey hein laikin unhein parne nahi diye jaatey
mubarik Shah
Chief Minister (5k+ posts)
mubarik Shah
Chief Minister (5k+ posts)
https://tribune.com.pk/story/1315387/theft-leakage-22-tons-coal-goes-missing-railways-comes-pressure/
THE EXPRESS TRIBUNE > BUSINESS
Theft or leakage: 22 tons of coal goes missing, Railways comes under pressure
LAHORE:
The management of Pakistan Railways (PR) was dealt a blow on Thursday after an entire hopper wagon of a freight train, which transported imported coal from Port Qasim to a power plant in Sahiwal, was found empty.It was the second coal consignment for the 1,320-megawatt Sahiwal coal-fired power plant to test the expertise of PR in timely delivering the cargo.
Each wagon of the freight train was carrying 22 tons of coal, though the actual capacity of each of them was 70 tons, the PR spokesman told The Express Tribune.
These operations were carried out on an experimental basis, however, when the power plant starts running at full capacity, the railways will transport coal according to the demand, he said.
Officials working on the power plant have voiced concern over the missing coal, which was imported from South Africa.
We are investigating the actual reason; a mess has already been created in the power plant over this negligence, which though is not huge, but can possibly open more avenues of theft and a debate whether the railways is the safest mode of coal transportation, said an official.
The price of this imported bituminous coal is almost double than the locally produced coal and the theft cannot be ignored, he added.
PR recently got its first consignment of seven 4,000 horsepower locomotives from General Electric, a US engineering company.
Each locomotive cost Rs570 million and it is expected that out of the total 55 new locomotives, around 25 will be utilised for transporting coal.
Recently, Punjab Chief Minister Shahbaz Sharif and Railways Minister Khawaja Saad Rafique received the first freight train carrying 12,000 tons of coal for the $1.6 billion Sahiwal power plant.
PR has constituted a committee to investigate the matter of missing coal. The spokesman, however, dismissed the idea of theft, saying there were reports of coal leakage from the wagon during transportation.
These hoppers (railway wagons) have been designed by China and manufactured in Pakistan; they have both auto and manual features. It is expected that someone intentionally or unintentionally put the wagon on a manual mode from Karachi which caused the leakage, he said.
The official deputed at the power plant, however, argued that how it was possible that coal was leaking from the wagon and no one tried to stop it.
It could further strengthen the possibility of theft. If any railway operator put the wagon on the manual mode, then there is a possibility of theft by some lower railway staff; it needs to be checked, he added.
The PR spokesman insisted that in order to avoid such incidents in the future, the railways had decided to design a locking device for the freight wagons.
Our ground realities are much different from other countries; the corporation has decided to install a locking device in all hopper wagons to control any such issue in the future, he said.
Published in The Express Tribune, February 3[SUP]rd[/SUP], 2017.
mubarik Shah
Chief Minister (5k+ posts)
Audit report unearths corruption worth Rs 10 billion in Pakistan railways
http://indianexpress.com/article/wo...h-rs-10-billion-in-pakistan-railways-2975297/
The audit says unauthorised reduction of approved scope of work and irregular transfer of material to other projects of railways caused a loss of Rs 1,300 million. (Source: Wikimedia Commons)[FONT=&]An internal audit of Pakistan Railways (PR), beleaguered by cumulative losses of over Rs 28 billion and a number of corruption scandals, has pinpointed misappropriation of funds worth Rs 10 billion in its latest report. According to the report, 4147.8 acres of railway land in Dera Ghazi Khan sub-division Multan (Punjab province) worth Rs 4,147.8 million is no more in possession of the railways. It has been illegally occupied and some part of it sold in connivance with the railways officials, the report alleged, with fingers being pointed towards Railways Minister Khawaja Saad Rafique.[/FONT]
[FONT=&]The audit report also points to another illegality in PR irregular expenditure on account of 75 DE Locos project worth Rs 3,497.2 million. The audit says unauthorised reduction of approved scope of work and irregular transfer of material to other projects of railways caused a loss of Rs 1,300 million.[/FONT]
[FONT=&]Loss of revenue worth Rs 37.9 million due to un-authorisation of railway land besides unjustified payment of Rs 10 million on account of TA/DA has been made, the report said. In another scandal, the management of four trains Khushhal Khan Khattak (KKK) Express, Bolan Mail, Hazara Express and Fareed Express have allegedly been given to the favourites of the minister in violation of the rules.[/FONT]
[FONT=&]According to the report, the railways has put the Public Procurement Rules 2004 on the back burner by amending articles of bid document while entering into an agreement for outsourcing the commercial management of these trains to the favourite parties. Saad Rafique, who is on a 20-day holiday trip to Europe, could not be reached for his comments.[/FONT]
[FONT=&]PR Chairperson Parveen Agha denied Rafiques involvement in the corruption scandals. The PR is trying to improve the state of affairs and will fix the responsibility on the officials involved in corruption, she said. Pakistan Railways is in deep financial mess and its losses have surpassed Rs 28 billion.
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[/FONT]http://www.dawn.com/news/1243902[FONT=&]
[/FONT][h=2]NAB to reopen cases of corruption in Railways[/h]
ISLAMABAD: The National Accountability Bureau (NAB) is preparing to take up several cases of corruption in Pakistan Railways. A team of NAB officials recently met Railways Secretary Perween Agha in Islamabad for consultations in this regard.
According to a press release issued by the railways ministry, Ms Agha has requested NAB Director General Zahir Shah to reactivate high-profile cases, the Royal Palm Golf Club and Business Train cases among them, pending with the bureau for several years.
A NAB official, who was accompanied by a team of investigators, informed the secretary about progress in investigations of the two cases which caused losses of billions of rupees to Pakistan Railways. Ms Agha assured the team of full cooperation in the investigations.
The Royal Palm Golf and Country Club, on Canal Bank Road in Lahore, was called the Railways Golf Club before it was sold by the Railways to its current management.
http://indianexpress.com/article/wo...h-rs-10-billion-in-pakistan-railways-2975297/
[FONT=&]The audit report also points to another illegality in PR irregular expenditure on account of 75 DE Locos project worth Rs 3,497.2 million. The audit says unauthorised reduction of approved scope of work and irregular transfer of material to other projects of railways caused a loss of Rs 1,300 million.[/FONT]
[FONT=&]Loss of revenue worth Rs 37.9 million due to un-authorisation of railway land besides unjustified payment of Rs 10 million on account of TA/DA has been made, the report said. In another scandal, the management of four trains Khushhal Khan Khattak (KKK) Express, Bolan Mail, Hazara Express and Fareed Express have allegedly been given to the favourites of the minister in violation of the rules.[/FONT]
[FONT=&]According to the report, the railways has put the Public Procurement Rules 2004 on the back burner by amending articles of bid document while entering into an agreement for outsourcing the commercial management of these trains to the favourite parties. Saad Rafique, who is on a 20-day holiday trip to Europe, could not be reached for his comments.[/FONT]
[FONT=&]PR Chairperson Parveen Agha denied Rafiques involvement in the corruption scandals. The PR is trying to improve the state of affairs and will fix the responsibility on the officials involved in corruption, she said. Pakistan Railways is in deep financial mess and its losses have surpassed Rs 28 billion.
==============================================================================
[/FONT]http://www.dawn.com/news/1243902[FONT=&]
[/FONT][h=2]NAB to reopen cases of corruption in Railways[/h]
ISLAMABAD: The National Accountability Bureau (NAB) is preparing to take up several cases of corruption in Pakistan Railways. A team of NAB officials recently met Railways Secretary Perween Agha in Islamabad for consultations in this regard.
According to a press release issued by the railways ministry, Ms Agha has requested NAB Director General Zahir Shah to reactivate high-profile cases, the Royal Palm Golf Club and Business Train cases among them, pending with the bureau for several years.
A NAB official, who was accompanied by a team of investigators, informed the secretary about progress in investigations of the two cases which caused losses of billions of rupees to Pakistan Railways. Ms Agha assured the team of full cooperation in the investigations.
The Royal Palm Golf and Country Club, on Canal Bank Road in Lahore, was called the Railways Golf Club before it was sold by the Railways to its current management.
mubarik Shah
Chief Minister (5k+ posts)
Pak railways Audit Report 2016
<font size="7"><em><strong><span style="color: rgb(0, 0, 0); font-family: Roboto, arial, sans-serif; font-size: 20px;">
<font size="7"><em><strong><span style="color: rgb(0, 0, 0); font-family: Roboto, arial, sans-serif; font-size: 20px;">
mubarik Shah
Chief Minister (5k+ posts)
[h=2]
Railways losses surge to Rs32.5bn[/h]http://www.dawn.com/news/1191748
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ISLAMABAD: The net losses of the Pakistan Railways (PR) went up by seven per cent to Rs32.52 billion in 2013-14 from Rs30.5bn in the previous financial year, despite what has been claimed by government as a turnaround in its financial position.
This has been reported to the president and the parliament by the Auditor General of Pakistan (AGP) in annual report for 2014-15.
It noted that the PR also failed to achieve the target of ‘zero operating deficit’ and said the total operational working expenditure of Rs55.3bn was much higher than the gross earnings of Rs22.8bn. The expenses increased by Rs6.79bn, or 14pc, as compared to those of 2012-13. Resultantly, the operational losses increased to Rs32.52bn.
“This indicated that the Railways administration failed to achieve the target of zero operating deficit,” the AGP report said. The loss was covered with the amount provided by the federal government in the form of grant-in-aid.
The PR’s long-term liabilities went up by 1.87pc to Rs74.12bn from Rs72.7bn in 2012-13.
The PR’s capital and net worth increased by Rs22bn, or 34pc, over the preceding year. But the increase was due to investment by the federal government through cash released for development programmes.
Its deferred assets increased by Rs13.8bn, or 27pc, but this was because of wrong booking of the government investment on replacement account and same under the head ‘deferred assets’, the report said.
The report said the PR suffered a loss of Rs566 million due to a wrong decision of the Economic Coordination Committee of the Cabinet under which the Business Train was contracted out to a private party. This party did not pay its dues and the railways ministry did not submit a fresh summary for recovery of money as repeatedly requested by the PR management.
The PR’s computerised reservation system did not cover all types of ticketing, said the report. This created problems when it came to generating accounting and statistical data about passenger traffic, said the report.
The e-ticketing facility was introduced in November 2007 and remained operational only for three months, but its cost and benefit analysis was never made.
The AGP also reported non-existence of system documentation, operations manual and training manual which caused multiple problems that led to increase in downtime.
The report said the PR was deducting general provident fund on a regular basis from the salary of its employees as shown for the year-end at Rs6.145bn. During the audit of record, it was noted that the said amount was not kept separately even though doing so was a mandatory statutory requirement.
The amount had been utilised for the past many years due to financial crunch faced by the PR and in practice nothing was available under the GPF head. “Due to that, PR was unable to pay off its liability of GPF as and when demanded by the employees.”
The report noted that overdraft would have been much higher if this amount was kept separate from the consolidated fund. “Resultantly, overdraft remained understated.”
This meant the public money was being used by the Railways for operational purposes, which was a clear violation of the rule specified for such accounts.
It said the PR was buying electricity from Wapda at higher rates and selling it to its employees living in residential colonies at cheaper rates, creating cash flow problems. There was a need for separate domestic connections for the colonies, the report said.
Railways losses surge to Rs32.5bn[/h]http://www.dawn.com/news/1191748
10 COMMENTS
ISLAMABAD: The net losses of the Pakistan Railways (PR) went up by seven per cent to Rs32.52 billion in 2013-14 from Rs30.5bn in the previous financial year, despite what has been claimed by government as a turnaround in its financial position.
This has been reported to the president and the parliament by the Auditor General of Pakistan (AGP) in annual report for 2014-15.
It noted that the PR also failed to achieve the target of ‘zero operating deficit’ and said the total operational working expenditure of Rs55.3bn was much higher than the gross earnings of Rs22.8bn. The expenses increased by Rs6.79bn, or 14pc, as compared to those of 2012-13. Resultantly, the operational losses increased to Rs32.52bn.
“This indicated that the Railways administration failed to achieve the target of zero operating deficit,” the AGP report said. The loss was covered with the amount provided by the federal government in the form of grant-in-aid.
The PR’s long-term liabilities went up by 1.87pc to Rs74.12bn from Rs72.7bn in 2012-13.
The PR’s capital and net worth increased by Rs22bn, or 34pc, over the preceding year. But the increase was due to investment by the federal government through cash released for development programmes.
Its deferred assets increased by Rs13.8bn, or 27pc, but this was because of wrong booking of the government investment on replacement account and same under the head ‘deferred assets’, the report said.
The report said the PR suffered a loss of Rs566 million due to a wrong decision of the Economic Coordination Committee of the Cabinet under which the Business Train was contracted out to a private party. This party did not pay its dues and the railways ministry did not submit a fresh summary for recovery of money as repeatedly requested by the PR management.
The PR’s computerised reservation system did not cover all types of ticketing, said the report. This created problems when it came to generating accounting and statistical data about passenger traffic, said the report.
The e-ticketing facility was introduced in November 2007 and remained operational only for three months, but its cost and benefit analysis was never made.
The AGP also reported non-existence of system documentation, operations manual and training manual which caused multiple problems that led to increase in downtime.
The report said the PR was deducting general provident fund on a regular basis from the salary of its employees as shown for the year-end at Rs6.145bn. During the audit of record, it was noted that the said amount was not kept separately even though doing so was a mandatory statutory requirement.
The amount had been utilised for the past many years due to financial crunch faced by the PR and in practice nothing was available under the GPF head. “Due to that, PR was unable to pay off its liability of GPF as and when demanded by the employees.”
The report noted that overdraft would have been much higher if this amount was kept separate from the consolidated fund. “Resultantly, overdraft remained understated.”
This meant the public money was being used by the Railways for operational purposes, which was a clear violation of the rule specified for such accounts.
It said the PR was buying electricity from Wapda at higher rates and selling it to its employees living in residential colonies at cheaper rates, creating cash flow problems. There was a need for separate domestic connections for the colonies, the report said.
Okara
Prime Minister (20k+ posts)
Insha Allah Saad will pay back these through winning prize bonds for Pak Railways.
