Sheikh Rasheed hints at selling Pakistan Railways land to overcome deficit

Author: inp

Federal Minister for Railways Sheikh Rasheed Ahmed on Saturday hinted at selling the Pakistan Railways Karachi land to overcome its deficit.

Addressing a press conference here, the Railways Minister said that Supreme Court in its last hearing in railway losses case had given go-ahead to the ministry for selling Karachi land in order to overcome its deficit.

“Apex court has allowed Pakistan Railways to sell its land to overcome deficits. We are right now considering to sell the Karachi property. If we become successful in that task, the railways’ deficit will end in one year,” claimed Rasheed.

He went on to say that inflation is the biggest enemy of the Pakistan Tehreek-e-Insaf (PTI) government, adding that the incumbent govt was taking measures to overcome inflation and economic crisis.

“Those who are behind the inflation and hike in flour, sugar prices will be held accountable at any cost,” he said. Jahangir Tareen, Khusro Bakhtiar not involved in the sugar, flour prices hike as per the inquiry report,” added Railways minister.

Commenting over the ML-1 project, he said that the project will be completed in the next five to eight years. Announcing good news to the nation, the minister said: “Govt will finalise ML-1 plan by February 28.”

Replying to a question of JUI-F chief Maulana Fazl’s second round of arrest, Sheikh said, “Fazl will get arrest if he once again marched towards Islamabad.”

‘Maryam not going anywhere’

He said that Pakistan Muslim League-Nawaz leader Shehbaz Sharif will arrive in Pakistan at the end of March. The Railways minister once again rejected reports of Maryam Nawaz’s London travel. “Maryam is not going anywhere and Nawaz is not coming back to Pakistan”.

Rasheed also said that Chaudhry Nisar, who is in London nowadays, didn’t hold any meeting with PML-N supremo Nawaz Sharif.

Share
Leave a Comment

Recent Posts

  • World

Developing nations slam ‘paltry’ $300bn climate deal at COP29

Countries at the United Nations climate conference (COP29) in Baku, Azerbaijan, adopted a $300 billion…

2 hours ago
  • World

35 dead in Gaza amid intensified Israeli bombardment

Gaza's Health Ministry reported 35 Palestinians killed and 94 injured in the last 24 hours…

2 hours ago
  • World

India mosque survey sparks clashes, leaving two dead

Indian Muslim protesters clashed with police on Sunday with at least two people killed in…

2 hours ago
  • Pakistan

Indian SC weighs Yasin Malik’s trial amid security concerns

In a significant legal development, the Supreme Court of India has reportedly emphasized the importance…

2 hours ago
  • World

US SEC summons Adanis on bribery allegations

The U.S. Securities and Exchange Commission (SEC) has summoned Indian billionaire Gautam Adani over allegations…

2 hours ago
  • Pakistan

CM pays tribute to flying officer Marium on death anniversary

Punjab Chief Minister Maryam Nawaz Sharif has paid glowing tribute to Marium Mukhtiar, Pakistan's first…

2 hours ago