Railways to get Rs 500m from finance ministry

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ISLAMABAD - The finance ministry would release Rs 500 million to Railways for repair of locomotives and for repair of fraction motors of locomotive engines.

Federal Minister for Railways Khawaja Saad Rafique met the Finance Minister Senator Mohammad Ishaq Dar and discussed with him issues relating to Railways. During his meeting, the issue of availability of locomotive and their present condition was discussed at length.

The Finance Minister accepted a request by the Ministry of Railways for release of Rs.250 million for repair of locomotives. This would enable the Ministry of Railways to repair 50 locomotives so that they can be put to use on fast track basis. The Finance Minister also approved the release of another Rs.250 million for repair of fraction motors of locomotive engines.

During the meeting, it was decided that the locomotives would be utilized to start new freight trains so that the economic health of the railways can be improved. The meeting reviewed the overall financial solution of the railways and the operational difficulties being faced by it in overcoming the challenges.

Senator Ishaq Dar said that turning around railways and make it passenger friendly was one of the commitments of PML-N in its manifesto. The Ministry of Finance, he said, would do all that it takes to achieve this objective.

Ahsan Iqbal, Federal Minister for Planning and Development, senior officials of the Ministries of Planning and Development, Finance and Railways, also attended the meeting.

Courtesy: Nation

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