AGL 34.89 Decreased By ▼ -0.31 (-0.88%)
AIRLINK 129.55 Increased By ▲ 6.32 (5.13%)
BOP 5.15 Increased By ▲ 0.11 (2.18%)
CNERGY 3.84 Decreased By ▼ -0.07 (-1.79%)
DCL 8.09 Decreased By ▼ -0.06 (-0.74%)
DFML 44.34 Increased By ▲ 0.12 (0.27%)
DGKC 75.25 Increased By ▲ 0.90 (1.21%)
FCCL 24.60 Increased By ▲ 0.13 (0.53%)
FFBL 49.30 Increased By ▲ 1.10 (2.28%)
FFL 8.85 Increased By ▲ 0.07 (0.8%)
HUBC 142.50 Decreased By ▼ -3.35 (-2.3%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.97 Decreased By ▼ -0.03 (-0.75%)
KOSM 7.90 Decreased By ▼ -0.10 (-1.25%)
MLCF 33.00 Increased By ▲ 0.20 (0.61%)
NBP 56.85 Decreased By ▼ -0.30 (-0.52%)
OGDC 144.50 Decreased By ▼ -0.85 (-0.58%)
PAEL 25.50 Decreased By ▼ -0.25 (-0.97%)
PIBTL 5.78 Increased By ▲ 0.02 (0.35%)
PPL 116.30 Decreased By ▼ -0.50 (-0.43%)
PRL 24.05 Increased By ▲ 0.05 (0.21%)
PTC 11.05 No Change ▼ 0.00 (0%)
SEARL 58.80 Increased By ▲ 0.39 (0.67%)
TELE 7.48 Decreased By ▼ -0.01 (-0.13%)
TOMCL 41.15 Increased By ▲ 0.05 (0.12%)
TPLP 8.65 Increased By ▲ 0.34 (4.09%)
TREET 15.15 Decreased By ▼ -0.05 (-0.33%)
TRG 54.55 Decreased By ▼ -0.65 (-1.18%)
UNITY 27.88 Increased By ▲ 0.03 (0.11%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,646 Increased By 74.6 (0.87%)
BR30 27,117 Decreased By -158.3 (-0.58%)
KSE100 82,136 Increased By 677.1 (0.83%)
KSE30 26,037 Increased By 237.2 (0.92%)

Pakistan Railways is suffering a deficit of Rs 28 billion due to weak policies of the previous regime, said Railways Minister Ghulam Ahmad Bilour, here on Wednesday. Talking to the reporters at a local hotel after attending National Conference on "Future Vision of Pakistan," arranged by Freedom Movement and Quaid-e-Azam University, he said that despite its worst condition, we have accepted this ministry as a challenge.
To make PR a profitable institution, we have planned to bring reforms in it, the minister added. He said that in the first phase, we will reduce expenditures and as result Rs 2.5 billion is expected to be added to the revenue during this fiscal year.
He said we have also decided to give attention to freight which remained the backbone of railways in the past but now due to flawed policies it has worsened. He said we have decided to import new wagons and coaches from China and locomotive from America and France. He said that for locomotives we prefer America and France, because locomotives which were earlier imported from China have not proved fruitful.
He said that we are mulling over railway link with Afghanistan at Chaman-Spinbuldak border to connect to Kandahar. He said that political decisions play vital role in the progress of a state, but it is unfortunate that after the departure of Quaid-e-Azam, no leadership has come in real sense to lead the nation right way.
He said that at present Pakistan is passing through crucial phase in which it is necessary for our leaders to take every decision wisely. He said that Pakistan has already fought three battles in which it lost a number of achievements. If India and Pakistan fight it won't be in the interest of both the countries. Dr Nowreen Talha and Ex-Chancellor of Quaid-e-Azam University Dr Kaneez Fatima also spoke on the occasion.

Copyright Business Recorder, 2008

Comments

Comments are closed.