Poor performance of transport sector costing Pakistan 5% of GDP
*Railway enduring worst crisis mainly due to locomotive shortages
The World Bank estimates that poor performance of the transport sector is costing Pakistan about five percent of its GDP. Furthermore thirty percent of agriculture output is currently wasted due to its inefficient farm to market channels, lack of cold storage facilities and an obsolete underpowered trucking fleet, says Pakistan Economic Survey 2013-14. According to the survey, Pakistan Railway is enduring the worst crisis mainly due to locomotive shortages. Passenger and freight services substantially declined during last five years. This is evident from above table that gross earning of Pakistan Railway has declined during last five years. Due to over aged infrastructure and rolling stock, increase in Read More »Poor performance of transport sector costing Pakistan 5% of GDP