Islamabad: Prime Minister Syed Yusuf Raza Gilani directed the Ministry of Finance and the Ministry of Railways to guarantee the disbursement of pay and pension to the Railways’ employees every month .He said this during a presentation by Ministry of Railways at Prime Minister’s House.
Finance Minister, Dr. Abdul Hafeez Sheikh informed the meeting that the financing agreement with the Banking Consortium would be signed within one week for funding the rehabilitation of 96 locomotives at a cost of Rs 6.1 Billion. The availability of the locomotives will significantly improve the efficiency of Pakistan Railways in terms of earnings and provision of travelling facilities to the people, added the Minister.
The meeting was also informed that all the non-economical Railways sections will be closed. The provision of diesel for Railways’ locomotives will be ensured and the credit limit from the PSO will be doubled to ensure the mobility of locomotives , said the minister.
The Finance Minister said that the private-public partnership based freight operation will be conducted by FPCCI from 25th December this year. Non-stop Business Express will start operating between Lahore and Karachi and Railways will get Rs 1.15 Billion.
This partnership, he maintained will boost business in the country. Shalimar Express under public-private partnership will also operated between Lahore and Karachi, the meeting was informed.
The Prime Minister directed Haji Ghulam Ahmad Bilour, Minister for Railways to monitor progress of the Railways operation on daily basis. The Prime Minister maintained that he would chair a meeting every month to review the programme for making Railways turnaround.
The Prime Minister said that Restructuring of Railways will be done on priority basis under the guidance of CCOR (Cabinet Committee on Restructuring). The CEO and CFO will also be appointed by me on the recommendations of CCOR, said the Prime Minister.
The Prime Minister directed the Ministry of Railways to convene Special CDWP meeting within next two weeks to reprioritize PSDP funded projects of Pakistan Railways.
The Prime Minister also directed the Ministry of Railways for expeditious completion of a joint venture project for rehabilitation of locomotives and freight operation .
The Prime Minister also directed to set up of an Assessment Management Company for management of non-core assets of Pakistan Railways including its land bank.
The meeting was also attended by Mr. javed Iqbal Chairman Pakistan Railways, Dr. Mushtaq Ali Khan, Chief economic Advisor, State Bank, Mr. Saeed Akhtar, GM Operations railways and other high officials of Ministry of Finance, Planning Commission and Prime Minister Secretariat.
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