Gilgit - Baltistan

NATCO made 100 million in profits during last six months: Zafar Iqbal

PT Report

Gilgit, February 9: A meeting of the Board of Directors of Northern Areas Transport Corporation (NATCO) was held in Gilgit yesterday. Chaired by the Chief Secretary, the Board took a number of decisions for development of the transport Corporation.

The decisions include induction of ten more vehicles to the existing fleet to provide better transport facility to the passengers, promotion of employees and tax exemption for NATCO vehicles across GB.

Earlier‚ while briefing the Board NATCO MD Zafar Iqbal informed that the corporation had earned hundred million rupees in profits during the last six month, which equals to half of the total profit target.

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  1. A Profit of 100 million in 6 months is on average a profit of Rs. 0.55 Million/Day (5.5 Lac). How is it “morally” possible? Is it a For-People company or a For-Govt company? It’s a public sector company and its primary target is providing affordable transportation, not making millions in profits! Saying we made 100 million in profits in six months especially when it is a public sector company is not any different that saying “we took 100 million off the poor people and put them into the accounts of the government”. Is there no concern regarding NATCO’s super high ticket prices when its supposed to provide cheaper transport?

  2. can any one please send me the details of total number of buses own by natco silk-route and mashaborum and other transport services. i am student of architecture and doing my thesis project on up-gradation of gilgit bus terminal….. mr sajjid i ll surely consider your demands regarding waiting areas as i feel its one of the main problems faced by the travelers…

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