Pakistan Railways not to be privatized: NA told

The National Assembly was told that the government had no intention to privatize Pakistan Railways or close its nationwide service. -APP File Photo

ISLAMABAD: The National Assembly was informed on Wednesday that the government had no intention to privatize Pakistan Railways or close its nationwide service, rather steps were being taken to transform it into a profit-oriented entity.

During the question-hour session, Minister of State for Railways Afzal Sindhu said Pakistan Railways had its own workshop for maintenance of faulty engines and repair of damaged coaches.

PR inks loan deals to buy locomotives, coaches

BEIJING: Pakistan Railways has signed loan agreements with a Chinese bank to purchase coaches and locomotives, informed sources said.

The two loan pacts were signed with China’s EXIM Bank.

The Pakistani delegation was led by Member Finance Pakistan Railways Jehangir Aziz and included senior officers from the Finance Ministry and Ministry of Railways.