AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

ISLAMABAD: Federal Minister for Railways Khawaja Saad Rafique on Tuesday informed National Assembly that an investment of Rs10 to 12 billion is needed to put the cash-starved Pakistan Railways back on track.

Speaking in the house, he said that at least an investment of Rs10 to 12 billion is immediately needed if “we are serious about revamping Pakistan Railways as we could not invest a single penny this time around as we had no funds”.

About the train crash near Nawabshah on Sunday, he said that an investigation into the accident is under way and its final report would be compiled in a couple of days.

Lack of resources ‘real cause’ of Hazara Express tragedy: Saad Rafique

About the cause of the accident, he said that two wheels of a bogie were jammed when the train embarked from Karachi, which should have been removed from the train.

Besides, a piece of railway track near the accident site was damaged, which led to the accident, he said, adding six railway officials have been suspended and a compensation of Rs1.5 million each will be given to the families of those who lost their lives.

However, he rejected the media reports regarding the use of wood as a joint in the railway track. He said the track where the accident occurred was in poor condition and that no wooden patch had been installed to repair it.

He also said that the de-railing of the train was not the cause of the deaths, adding six railway officers have been suspended in connection with the accident.

He said that the agreement regarding the construction of the Main Line-1 (ML-1) is going to be signed in October, adding the previous government had completely abandoned the railways.

Speaking on a point of order, the Minister for Communications, Maulana Asad Mahmood, emphasized the need for upholding the constitution, strengthening democracy and respecting the state institutions.

He said that Jamiat Ulema-e-Islam-Fazal (JUI-F) does not believe in demoralising the state institutions and people working with them. “We should work for forging unity among the people to restore peace in the country in order to achieve economic goals for the prosperity of the countrymen,” he added.

Regarding the fight against terrorism, he said that his party recently convened a grand national Jirga of tribal people, which proposed Pakistan and Afghanistan formulate a common strategy to fight terrorism.

Copyright Business Recorder, 2023

Comments

Comments are closed.