The Finance Division of GoP has proposed the privatization of Pakistan Railway due to the increasing budget deficit and poor performance of Pakistan Railways since last many years. The above proposal was given by Finance Secretary in a meeting with Public Accounts Committee. He also said that Government is in process of Restructuring of Pakistan Railway. The deficit of about 40 billion has been reported by PR due to corruption, lack of locomotives and other factors. 290 locomotives are out of order out of total 590 causing losses.
On the other hand the Public Accounts Committee has expressed its dissatisfaction on the working of Finance Division. The members of PAC have commented that the performance of the ministries depends upon the performance of the Accounts division. PR has a large volume of circular debt of Power sector, non-clearance of which can cause many problems to the national economy.