In line with the directives of the Prime Minister of Pakistan Muhammad Shehbaz Sharif, Pakistan Railways has achieved a landmark financial milestone through the transparent and competitive leasing of its commercial assets. The auction of 125 commercial godowns located at Badami Bagh, Lahore, has successfully concluded, delivering an unprecedented boost to the department's annual revenue and liquidity.
Under the newly finalized auction terms, the annual lease revenue from the Badami Bagh godowns will jump from PKR 72.2 million to PKR 331.08 million, representing a record-breaking increase of 358.6 percent.
In addition to this recurring stream, Pakistan Railways is set to receive an upfront lump-sum payment of PKR 277.72 million on account of a one-year security deposit.
Consequently, the overall cash flow generated from the auction marks an extraordinary surge of 743.5 percent over the previous year.
Taking into account both the first year's lease payment and the upfront security deposit, the total realization for Pakistan Railways during the first year will stand at an impressive PKR 608.80 million.
Commenting on the achievement, Federal Minister for Railways Muhammad Hanif Abbasi affirmed that national interest and transparency remain non-negotiable priorities for the government. He emphasized that transparent asset utilization directly serves the national exchequer, and he extended his heartfelt congratulations to the railway administration for executing a thoroughly professional auction process.
