O uncle, Kuch park likh laitay to yeh nobat na aati. Iski translation yeh hai kai pump kai sensor ki wires pehlay ek gip main jati hain, wahan sai dosray grip main jo unhain pump kai oper magnetic actuator main lai jati hain, wahan sai main wiring sai dashboard main aati hain. The problem is that there is only one wire coming in the speedo panel wiring, which is current wire. Could not find its ground in main wiring. Therefore I tried giving it (RPM meter) current directly from sensor but it didn't worked too.
Another thing that came in my mind is that may be the wiring has experienced "cheer chaar" from some "experienced" electrician earlier, which I have not traced as yet. Will check it tomorrow and let you ppl know. In the meanwhile if some one please give me a little elaboration of what uncle mustafeez has written (in bold above).