The government has significantly increased the price of jet fuel used by commercial aircraft, raising it by Rs154 per litre in one of the largest hikes in recent years. Following the increase, jet fuel prices have surged from Rs 188.93 to a record Rs 342.37 per litre, marking an increase of about 82%. The sharp […]
Railways
NAB recovers illegally-occupied railways land valued at Rs 9.67bn
The National Accountability Bureau (NAB) Karachi has marked a significant victory in its mission to protect state assets by successfully retrieving 43.11 acres of prime land belonging to Pakistan Railways. The recovered property, situated at Survey Numbers 48, 49, 50, and 51 in Deh Khanto, Juma Goth, Karachi is valued Rs 9,671 million. The recovery […]
Railways minister inaugurates upgraded platforms at Pindi station
Federal Minister for Railways Muhammad Hanif Abbasi on Saturday inaugurated the upgraded platforms 4 and 5 at Rawalpindi Railway Station and said the government was focusing on track rehabilitation and operational improvements across the network. Talking to media on the occasion, the minister said the biggest challenge facing Pakistan Railways was the condition of tracks, […]
Railways minister reaffirms commitment to boosting Bangladesh cooperation
Minister for Railways Muhammad Hanif Abbasi has reaffirmed his commitment to further strengthening bilateral relations with Bangladesh, particularly in the areas of railway development, exchange of expertise, rolling stock and manufacturing cooperation. In his message issued on the occasion of the official visit of Farhad Islam, Secretary for International Organizations and Consular Affairs and Designate […]
Pakistan secures $730m financing from Asian Development Bank
Pakistan has signed two financing agreements worth a combined $730 million with the Asian Development Bank (ADB), aimed at strengthening the country’s power transmission network and accelerating reforms in state-owned enterprises (SOEs), according to the Ministry of Economic Affairs. Read More: Pakistan, ADB sign $730m deals for power infrastructure, SOE transformation A spokesperson for the ministry […]
Pakistan Railways Revenue Hits Record
Railways Minister Hanif Abbasi announced that Pakistan Railways has achieved record daily revenue, the highest in the past 30 years. He attributed the success to reforms implemented over the last eight months. Both passenger and freight services contributed to the revenue surge. According to the minister, Pakistan Railways has earned nearly Rs300 million per day […]
US Chargé d’Affaires meets Hanif Abbasi
Federal Minister for Railways Muhammad Hanif Abbasi Wednesday met with the US Chargé d’Affaires Natalie A Baker here and discussed avenues of bilateral cooperation, particularly in the transport and rail infrastructure sectors. During the meeting, the matters related to enhancing collaboration in railway infrastructure, transport systems and logistics were reviewed in detail, said a news […]
Government firm on resolving business community challenges: Hanif Abbasi
Federal Minister for Railways Muhammad Hanif Abbasi on Saturday inaugurated the newly renovated Munawar Mughal Hall at the Islamabad Chamber of Commerce and Industry (ICCI), reiterating the government’s resolve to address the concerns of the business community under the visionary leadership of Prime Minister Muhammad Shehbaz Sharif. He said the government is revisiting all business-related […]
PM vows to modernise railways, inaugurates new facilities at Cantt Station
Prime Minister (PM) Muhammad Shehbaz Sharif on Monday said that the digitization of Pakistan Railways and the provision of modern facilities would play a key role in strengthening the national economy. He added that the federal government, in collaboration with the Sindh government, would modernize the Karachi Circular Railway (KCR) and upgrade all railway stations […]
Provinces now part of railway track, station upgrades, minister says
Federal Minister for Railways Hanif Abbasi on Saturday revealed that, for the first time in the country’s history, provincial governments will participate in initiatives focused on track upgradation, station rehabilitation, and infrastructure advancements in several cities. In an exclusive conversation with a local news channel, Hanif Abbasi emphasized the crucial role of provincial governments in […]