Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

China offers investment of 3.8 billion US dollar for Pakistan Railways

byCT Report
21/04/2015
in Business, Latest News
Share on FacebookShare on Twitter

LAHORE: Chinese Vice Minister for Transport Lu Dong Fu has said that Peoples Republic of China was willing to invest more than US $3.8billion in the railway sector for up-gradation of Pakistan Railways.

Addressing a joint meeting of a 13-member delegation of Chinese official and PR officers at PR headquarters here on Tuesday; he expressed his wishes that China wanted to help the PR for developing all sections including locomotives, signals, communication and track.

You might also like

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

25/07/2026

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

25/07/2026

He assured that all out cooperation would be offered for the betterment of the Pakistan Railways.

Representatives of China Eryuan Engineering group gave a briefing on the feasibility study report of the PR and recommended several suggestions for up-gradation of Karachi-Havelian (ML1) track.

On the occasion, PR Chief Executive Officer Javiad Anwar Boobak acknowledged the cooperation of China and said that Pakistan and China have been working for years.

He said that China cooperation in the improvement of the PR was an example of true friendship which could never be shaken.

Earlier, the PR CEO welcomed the Chinese guests at Lahore Railway Station where children presented them bouquets.

Later, he along with the Chinese delegation and PR officers visited PR Locomotive Workshop.

The PR CEO briefed the guests about the manufacturing, rehabilitation and capacity of the shop on which the Chinese Minister offered cooperation in the locomotive manufacturing and rehabilitation.

Related Stories

Amid Hormuz instability, attention shifts to Pakistan’s Gwadar port

byCT Report
25/07/2026

GWADAR: Iran has closed and reopened the Strait of Hormuz several times since the US-Iran war began in February. When...

Pakistan-Libya trade has potential to exceed $1bn, claims LCCI President Saigol

byCT Report
25/07/2026

LAHORE: Lahore Chamber of Commerce and Industry hosted a seminar titled “Enhancing Pakistan-Libya Trade and Economic Cooperation”, attended by Major...

SBP foreign exchange reserves increase by $33m

byCT Report
25/07/2026

KARACHI: Pakistan’s foreign exchange reserves recorded a modest increase during the week ended July 17, 2026, according to the latest...

New Finance Act rule forces businesses to get FBR-verified invoice numbers

byCT Report
25/07/2026

ISLAMABAD: The Federal Board of Revenue (FBR) will require taxpayers to issue a verifiable and unique invoice number for every...

Next Post

Vietnamese unit of Germany’s Metro Cash & Carry to pay $24 million in tax arrears

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.