Railway: now and then
THIS refers to two items carried by Dawn (June 16) relating to Pakistan Railways. One was about Rs105.5 million surplus budget with Rs47.2 million payment to central government as return on its investment. This is exactly 50 years ago and the current position of the same institute is reflected on the business page in a news item which said railways suffered a loss of Rs27 bn with a federal government subsidy of Rs32 billion.
This is where we have reached in the last 50 years. The story is similar for almost all of commercial and business entities being run by the government. We should always keep in mind that ‘less government is good government’.
DR TAHIR QURESHI