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Skyrocketing transportation cost means people need mass transit system even more

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Skyrocketing transportation cost means people need mass transit system even more

Around three dozen people – both men and women – are constantly ignoring the repeated announcements and pleas made by multiple rickshaw and Chingchi drivers. They won’t pay any attention as they wait for feeder bus – the system run by the Punjab Masstransit Authority.

As soon as the bus – the smaller one with one exit only – arrives, they rush towards it, making it difficult for those intending to disembark and thus forcing them to yell “Wait a bit. First allow us to leave.” Moments later, all of them are able to leave the bus as new passengers pushed their peers to manage some space in the bus.

Meanwhile, one or two passengers standing right at the door are making it difficult for the driver to close the door, who is pleading on speaker to either move a step forward or board the next bus. However, no one listens to him. After repeated attempts, the driver is able to shut the door and the bus starts moving again.

It takes around well over a minute, although the time fixed for a stop is 15 seconds, but the high number of passengers exiting and entering the bus mean it is impossible for the driver to follow the rule.

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These scenes are a daily routine in Lahore – especially during rush hours – which has a limited number of feeder bus routes apart from two mass transit lines – Metrobus and Orange Line.

Most of these buses has two exits – one each for men and women compartments – but the smaller single-door buses are also in use on some routes.

However, the short story narrated in the abovementioned example is applicable to almost all routes and busy points – bus stops – as well as the Metrobus and Orange Line.

It’s inflation. The PMA’s integrated transport system is much cheaper than other modes of transport – Rs15 for one ride in case you have a card with additional Rs5 charged if you board one or two more bus(s) within one hour of exiting the previous one. It means your entire journey cost Rs15 or Rs20 or Rs25 only. The time is calculated when you validate the card for the second time while leaving the bus.

In case of cash, every passenger has to each Rs20 for each ride.

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The number of people availing the service is growing at a rapid rate just like the inflation as people not only want to have a respectable service but also save money amid the unprecedented financial crisis.

Integrated transport system is a must for any city as it enables people to reach shuttle between their homes and working place easily while saving both precious money and time. But with the rising prices of every daily-use item and service, more and more people have no choice but to opt for austerity and this system provides them the best opportunity.

The record-rise in petrol and diesel prices means a large chunk of your income is consumed by the transportation cost as the overwhelming majority can’t afford rickshaw and Chingchi or app-based services like Uber, Careem and inDrive.

Certainly, this system is a great refuge for the masses.

Lahore, the second-largest city in Pakistan, was supposed to have at least four mass transit lines and around 1,500 feeder buses with over 120 routes for the country’s first integrated transport system. But politics ruined everything.

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First came the delay in the Orange Line construction. It was politically motivated. As a result, the then Shehbaz Sharif-led Punjab government could neither launch the remaining mass transit lines or add to the feeder bus fleet. They even didn’t bother to introduce the planned feeder bus routes for Orange Line. No need to recall the entire episode. You know everything unless political bias affects your thinking.

The PTI tenure saw an intentional effort to destroy the system – no new mass transit line added, no new feeder bus imported. Even the existing Metrobus line has been neglected since then due to very little maintenance.

Zero expansion means the system can’t cater to the needs of the megacity. It urgently needs new mass transit lines and feeder buses to ensure expansion. Even the existing routes need reduced head time – the gap between the two buses leaving the starting point. Currently, it ranges from seven to 20 minutes for different routes.

The then PML-N government during its 2013-18 tenure failed to launch the feeder bus service in one go as the PMA opted for a phase-wise introduction. In simple words, the introduction of feeder buses had been made conditional to the construction of new mass transit lines – a move that makes no sense – while erstwhile Lahore Transport Company (LTC) was also shut down.

Obviously, the closer of LTC was necessary after the introduction of this integrated transport system. However, the foreign-educated managers of PMA failed to understand that they must at least replace the LTC buses and routes with the new feeder bus system while keeping expansion in mind.

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And this loophole was fully exploited by the PTI government.

Perhaps, one of the biggest jokes played with the people of Pakistan by the Musharraf regime was the introduction of Chingchi. Now these Chingchis are biggest source of noise pollution in urban centres.

This inflation phenomenon and the global warming have made the case for mass transit system in every city of Pakistan even more stronger. But we first have to disembark from Chingchi to even think about that.
 

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Star Entertainment says Hard Rock-led group weighs bid, shares surge

Star Entertainment says Hard Rock-led group weighs bid, shares surge

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Star Entertainment says Hard Rock-led group weighs bid, shares surge

Star Entertainment (SGR.AX), opens new tab said on Monday a consortium led by Florida-based Hard Rock Hotels & Casinos is considering a bid for the cash-strapped Australian firm, sending its shares 20% higher.

A potential takeover by entertainment giant Hard Rock would provide a much-needed financial lifeline to Star, which has been plagued by a regulatory inquiry into its flagship Sydney casino operation and an executive exodus.

Star, which had a market value of A$1.29 billion ($863.66 million) as of Monday’s close, said it has been approached by a consortium of investors which includes Hard Rock Hotels & Resorts (Pacific).

The company said it understands Hard Rock Hotels is a local partner of Hard Rock.

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Earlier in the day, Star said it had received “inbound interest from a number of external parties” but flagged none of them had yet resulted in “substantive discussions”.

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Red Lobster seeks bankruptcy protection with $100 mln in financing commitments

Red Lobster seeks bankruptcy protection with $100 mln in financing commitments

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Red Lobster seeks bankruptcy protection with $100 mln in financing commitments

U.S.-based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing $100 million in financing commitments from its existing lenders, the company said on Sunday.

The company listed its assets and liabilities to be between $1 billion and $10 billion, according to a court filing.

Red Lobster said its restaurants will be open and operate as usual during the bankruptcy proceedings, and plans to reduce its locations as well as pursue a sale of substantially all its assets.

The restaurant chain also said it has entered into a “stalking horse” purchase agreement to sell its business to an entity formed and controlled by its existing term lenders.

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“This restructuring is the best path forward for Red Lobster. It allows us to address several financial and operational challenges and emerge stronger and re-focused on our growth,” said Jonathan Tibus, CEO of Red Lobster.

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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says

BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says

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BMW imported 8,000 vehicles into US with parts from banned Chinese supplier, Senate report says

German automaker BMW (BMWG.DE), opens new tab imported at least 8,000 Mini Cooper vehicles into the United States with electronic components from a banned Chinese supplier, a U.S. Senate report released on Monday said.

A report by Senate Finance Committee Chairman Ron Wyden’s staff said BMW imported 8,000 Mini Coopers with parts from a Chinese supplier banned under a 2021 law and that BMW continued to import products with the banned parts until at least April.

BMW Group said in an email it had “taken steps to halt the importation of affected products.”

The company will be conducting a service action to replace the specific parts, adding it “has strict standards and policies regarding employment practices, human rights, and working conditions, which all our direct suppliers must follow.”

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Congress in 2021 passed the Uyghur Forced Labor Prevention Act (UFLPA) law to strengthen enforcement of laws to prevent the import of goods from China’s Xinjiang region believed to have been produced with forced labor by members of the country’s Uyghur minority group. China denies the allegations.

“Automakers’ self-policing is clearly not doing the job,” Wyden said, urging the Customs and Border Protection agency to “take a number of specific steps to supercharge enforcement and crack down on companies that fuel the shameful use of forced labor in China.” Customs and Border Protection did not immediately comment.

The report found that Bourns Inc, a California-based auto supplier, had sourced components from Sichuan Jingweida Technology Group (JWD). That Chinese company was added to the UFLPA Entity List in December, which means its products are presumed to be made with forced labor. 

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