Punjab Roadways is a for-profit organisation that operates 2.77 million kilometres per day on various state/interstate routes with 'Punbus'. Approximately 5.00 lac passengers commute onboard Punjab Roadways buses everyday. During the fiscal year 2005-06, Punjab State Bus Stand Management Company Ltd. (PUNBUS) purchased and deployed 360 new buses using a loan of Rs. 40.00 Crore from Oriental Bank Of Commerce.
These buses are being operated by the PUNBUS on the valid route permits of the Punjab Roadways and are giving good results. The proposal to purchase 300 more buses by PUNBUS by taking loan of ₹ 40.00 Crore from the banks has been finalized.
Punjab Roadways began in the year 1948 with a fleet of 13 buses.
To provide better service, Punjab Roadways replaced 534 buses between 1997 and 1999.
In 2000, 150 buses under Kilometer Scheme were inducted to reinforce the fleet of Punjab Roadways by hiring Private buses and to operate on the routes, on which Punjab Roadways holds valid Permits.
Punjab Roadways has 18 depots viz Chandigarh, Roopnagar, Ludhiana, Ferozepur, Moga, Jagraon, Nangal, Jalandhar-1, Jalandhar-2, Nawanshehar, Batala, Pathankot, Hoshiarpur, Amritsar-1, Amritsar-2, Taran Taaran, Patti and Mukatsar.