• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Tuesday, June 16, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

inp

Sheikh Rashid vows to slash Railways deficit

Published on: August 25, 2018 3:17 AM

RAWALPINDI: Minister for Railways Sheikh Rashid Ahmed on Thursday vowed that he would improve train services, saying that he had challenged himself to finish off the losses facing the department.

The Awami Muslim League (AML) chief, who is now part of Prime Minister Imran Khan’s cabinet, said that they have inherited a debt-ridden organisations and it was their responsibility to improve them.

“I have inherited Rs 35-40 billion debt and I have been told that everything is fine, but the reality is different,” he said. “I accept the challenge to reduce the losses.”

The minister said it was unfortunate that the majority of the National Accountability Bureau’s cases were against the railways.

Sheikh Rashid said people wanted a comfortable train travel, and he would not rest and work tirelessly to improve the affairs of the railways. “I promise that railways will be improved.

Highlighting the gravity of the situation, he said that the annual expenditure were around Rs 9 billion.

He said that they would utilise the abundant land resources of the railways as they did not have financial means, and were even willing to rent out railway platforms for commercial activities.

He added that 31 railways stations were being upgraded and apartments would be constructed for lower-grade employees. “I want to run the train in the areas where there are no roads,” he stated.

He said that only profitable trains would be reinstated, adding that he would run new train services from Karachi to Sukkur, Rawalpindi, Lahore and Mianwali.

He further said that the matter of encroachment of railways properties would be taken up at the meeting of the federal cabinet, and that encroachers should pay the price to the authorities.

Rashid said that there would be no political victimisation, and he would not remove anyone from their position.

He said that stations, plazas and food streets would be set up through private partnership, allowing them to invest for over 20 years, but the ownership would remain with the railways.

He added that the previous government purchased locomotives from a United States company at a much higher price.

He said that many overseas Pakistanis were interested in investing and had even offered to bring bullet trains, but he told them that it was a very expensive project and they should fix their trains first.

Published in Daily Times, August 25th 2018.

Filed Under: Pakistan Tagged With: Headline

Submit a Comment




Primary Sidebar




Latest News

US plans war-ready weapons stockpile in Australia

Iranian rial strengthens after US deal, heavy trading seen

PM orders fast-track of 100MW solar project in GB

PSX extends rally on policy stability and oil price decline

Iranian ships resume passage through Strait of Hormuz

Pakistan

PM orders fast-track of 100MW solar project in GB

Aurangzeb sees economic upside after US-Iran deal

Asim Munir Nobel Peace Prize hashtag trends on X

Punjab to unveil Rs5.3 trillion budget today

SBP maintains policy rate at 11.5% as inflation fears subside

More Posts from this Category

Business

Finmin sees stronger growth, lower inflation amid easing global tensions

Karachi Port surpasses 2,000 vessel calls after nearly eight years

Gold prices surge by Rs 10,800 per tola

Rupee almost remains stable against dollar

PSX rallies by over 4,600 points on US-Iran deal announcement

More Posts from this Category

World

US plans war-ready weapons stockpile in Australia

Iranian rial strengthens after US deal, heavy trading seen

Iranian ships resume passage through Strait of Hormuz

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.