Senate Panel Approves Railways Development Budget of Rs. 46.3 billion for FY2022-23

The Senate Standing Committee on Railways has approved Rs. 46.3 billion development budget of Pakistan Railways for the next fiscal year.

The Senate committee held its meeting with Senator Muhammad Qasim in the chair at the Parliament House on Monday. The committee discussed in detail the Public Sector Development Program (PSDP) plan 2022-23 and future strategies of Pakistan Railways.

Reviewing details of the PSDP 2022-23, the committee was informed of the strategy that entailed business development; rolling stock availability and infrastructural development. It was informed that good governance and income generation was at the core of the Pakistan Railways sustainability plan and the Ministry would make all-out efforts to ensure materializing it. A list of new and ongoing projects was submitted to the committee, and the committee unanimously approved the total proposed development budget of Rs. 46.3 billion for next fiscal year 2022-23.