Pakistan Railways Announces 3% Fare Increase!

• Pakistan Railways has announced a 3% fare increase for freight trains.
• The increase is a response to the government’s recent hike in petroleum prices.
• Pakistan Railways aims to maintain operational sustainability.

Pakistan Railways has announced a 3% fare increase for various freight trains, effective from July 3, 2024. This adjustment follows the government’s recent hike in petroleum prices, with petrol increasing by Rs7.45 per litre and high-speed diesel (HSD) by Rs9.56 per litre, effective from July 1.

In an official notification, Pakistan Railways clarified that certain commodities, such as steel coils, petroleum products, LHC, LMC, and hunting charges, will be exempt from the fare hike. This measure is intended to reduce the impact on sectors essential for economic stability.

“The prices of petroleum products have shown a consistent rise in the international market over the past fortnight,” the notification stated, underscoring the necessity of adjusting domestic fares to align with global trends.

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This fare adjustment is the first since the federal budget for the fiscal year 2024-25 was announced on June 12. Pakistan Railways continues to play a crucial role in the country’s logistics and transportation infrastructure, adjusting its tariffs in response to external economic factors to ensure operational sustainability and service continuity.