BAHAWALPUR: Under Pak-China Economic Corridor, a high-speed railway track will be laid from Peshawar to Karachi at a cost of 2.8 billion dollars, said General Manager Pakistan Railways Anjum Pervaiz on Wednesday. Initially trains will be run at 120 kilometers per hour speed, which will later increased to 160 kilometer, he said, talking to APP. Anjum said the Pakistan Railways is progressing due to the attention of the present government it is evident that number of passengers has increased by 5.3 million during the last 3 months. He said Pakistan Railways had started generating income and there is no need to privatize it. He said that 58 engines were bought from China of which 28 would be provided to Pakistan Railways from November-2013 to March-2014.
The Finance Department has set a target of Rs. 21.6 billion while the Railways is expected to achieve Rs.29 billion profit due to better planning, he added.
He further said that special attention was being paid to run freight trains which would useful in generating revenue.
Replying to a question he said, Pakistan Railways had earned Rs 1.7 billion more as compared to last year. (Courtesy: Associated Press of Pakistan)