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

PR to increase its transport share from 4% to 20%

byCT Report
09/06/2016
in Business
Share on FacebookShare on Twitter

ISLAMABAD: In line with the government’s vision 2025 for infrastructure development during the next ten years, Pakistan Railways is to undertake necessary steps to increase its share in the overall transport sector of the country from four percent to 20 percent.

Ministry of Railways is in the process of preparing Railway Strategic Plan (RSP) to operationalise the targets set in the vision which would provide a long term frame work for Railway sector development, official sources in the Ministry of Railways told APP. They said that ministry is taking new initiatives to improve performance of Pakistan Railways and achieve tangible results included improve availability of locomotives through special repair of existing locomotives and procurement of new locomotives.

You might also like

Sindh joins Punjab in easing market closure timings ahead of Eidul Azha

16/05/2026

Cotton prices surge as Pakistan’s ginning season begins in second week of May for first time

15/05/2026

“A comprehensive policy for disposal of surplus scrap has been introduced with the aim to improve financial through an open, fair and transparent process,” they added.

To a question, they said that economic corridor development and regional connectivity are important initiatives, which are expected to play vital role in national economic growth. They said that up-gradation of Mainline-1, transport and communications (ML1) and construction of dry port and cargo handling facility have been included, as Early Harvest Projects (EHP) under China-Pakistan Economic Corridor (CPEC) and preparatory work on these projects has been initiated on fast track basis. Up-gradation of ML-II, ML-III and establishing new lines for linking Gwadar, Khunjrab has also been planned. Up-gradation of ML-III Quetta-Taftan Railway line is an important section of railway network in the context of regional connectivity with Europe through Iran and Turkey and tapping the mineral potential of Balochistan province of Pakistan, they added.

They said that Pakistan Railways has production facilities for assembling of locomotives and carriages at Risalpur and Islamabad, respectively.

To run these facilities on modern lines the Ministry is seeking investment through various options. Various options for joint ventures can be explored in this area, they added. They said a project for computerisation of Railway land record has been initiated in order to harmonize the Railway land record with the record of all the provincial revenue departments.

Related Stories

Sindh joins Punjab in easing market closure timings ahead of Eidul Azha

byCT Report
16/05/2026

KARACHI: The Sindh government on Saturday exempted shops, markets, shopping malls, hotels, restaurants, marriage halls and marquees from previously imposed...

Cotton prices surge as Pakistan’s ginning season begins in second week of May for first time

byCT Report
15/05/2026

ISLAMABAD: Cotton and lint prices surged as Pakistan’s ginning cycle began in the second week of May for the first...

Railways ML-1 upgradation project to start this year, estimated cost set at $6.66b

byCT Report
14/05/2026

ISLAMABAD: The Ministry of Railways has presented a detailed plan in the National Assembly for the upgradation of the 1,726-kilometre...

flydubai suspends flights to Islamabad, Lahore and Peshawar until October

byCT Report
13/05/2026

KARACHI: UAE-based carrier flydubai has suspended its flight operations to and from Islamabad, Lahore and Peshawar until October 26, citing...

Next Post

Ukraine's gas company to possibly work with Russia's Gazprom

  • 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.