24 February 2024
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LAHORE: The Supreme Court was informed that losses of the Pakistan Railways stand at Rs40 billion. The case was being heard by (CJP) Mian Saqib Nisar at the SC Lahore Registry. The figure was quoted by an audit officer who also presented the department’s forensic audit report to the SC. The railway administration subsequently issued a notice by the SC regarding the forensic audit report. Moreover, the audit officer also told the SC that only 50 railway stations had been computerised out of 500 in the country. The officer alleged that the department was incurring so many losses because Railway officials were irresponsible. The forensic audit report also revealed that 70 per cent of the department’s revenues go towards pensions of retired officers. Earlier on April 14, the CJP had ordered a five-year audit of Pakistan Railways by AF Ferguson & Co, besides seeking a report on the losses incurred by the department within six weeks. (TOI)

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