• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Business

Business Train Declared a Flop Project

ToP by ToP
August 17, 2021
in Business, Featured, Pakistan
0
Pakistan Railways Train

Railway track blown up‏ in Balochistan's Bolan

0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Pakistan Railways has declared Pakistan Business Express (PBE) project as disappointing and damaging to the department. Denying a statement by the director PBE published in few newspapers here on Saturday, a PR spokesman said Business Train administration was defaulter of millions of rupees of the Railway.

Pakistan Railways Train
Business Train declared a flop project

It said that National Accountability Bureau was investigating the case. According to a statement, an agreement under public-private partnership was signed on December 18, 2011 and train service was initiated on February 3, 2012 while the PBE administration was bound to pay Rs 3.19 million to the railways on daily basis  but the PBE defaulted from the first day. Later, the financial committee of the cabinet made some amendments in the agreement and provided facilities to the PBE. 

According to the latest situation, the PBE is defaulter of Rs 930 million of the railway under the real basic agreement and defaulter of Rs 400 million under the decision of financial committee. The PR spokesman says the Business Train has failed in committed value addition of Rs 225 million and rejected the claim the PBE was earning more than other trains, adding the PR is earning far more revenue than the Business train. – SAMAA

Tags: Business TrainBusiness Train Projectlatest newspakistan newspakistan times
Previous Post

ICC Bans Sri Lanka Spinner Senanayake

Next Post

Apple iPhone a Danger to China National Security

ToP

ToP

Related Posts

Multiple killed, dozens injured in Peshawar Police Line mosque blast
Pakistan

Multiple killed, dozens injured in Peshawar Police Line mosque blast

by Top
January 30, 2023
Foreign exchange: SBP reserves go down by $75mn in a week
Pakistan

Pakistani rupee slips further against the US dollar

by wasif
January 17, 2023
Talks with India not possible until revocation of J&K’s status: PM Office
Pakistan

Talks with India not possible until revocation of J&K’s status: PM Office

by Top
January 17, 2023
Andre Emilio Suiting
Entertainment

Modernizing the Art of Bespoke Tailoring

by wasif
January 17, 2023
No case of Omicron variant BF.7 detected so far in Pakistan: NIH
Pakistan

No case of Omicron variant BF.7 detected so far in Pakistan: NIH

by Top
January 3, 2023
President, PM grieved over loss of security personnel in Bannu operation
Pakistan

President, PM grieved over loss of security personnel in Bannu operation

by Top
January 2, 2023
New Gas Reserves Discovered In D.I.Khan
Pakistan

New Gas Reserves Discovered In D.I.Khan

by Top
December 27, 2022
Next Post
Apple iPhone

Apple iPhone a Danger to China National Security

Popular Stories

  • Top 10 Fastest Sprinters Ever

    Top 10 Fastest Sprinters Ever

    0 shares
    Share 0 Tweet 0
  • Multiple killed, dozens injured in Peshawar Police Line mosque blast

    0 shares
    Share 0 Tweet 0
  • Cow Gets Stuck on roof in Switzerland

    0 shares
    Share 0 Tweet 0
  • 9 Exotic Cat Breeds You May Have Never Seen Before

    0 shares
    Share 0 Tweet 0
  • Andrea Riseborough flaunts her cleavage in black gown at the red carpet of Independent Film Awards

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Multiple killed, dozens injured in Peshawar Police Line mosque blast
  • Breath life into the Royal Era of the East with Shameel Khan
  • Pakistani rupee slips further against the US dollar

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In