Trend Analysis of Pakistan Railways Based on Industry Life Cycle Theory

Table 1

Correlation coefficients.

	1
							1

is significant at the 0.05 level (2-tailed). is significant at the 0.01 level (2-tailed). is number of passengers carried; is average number of kilometers travelled by passengers; is passenger turnover; is total freight carried; is average kilometers travelled by tonne; is freight turnover; is number of employed persons.