Summary Says all assets of Pakistan Railways will be utilised through public-private partnership.
ISLAMABAD (Web Desk): Finance Minister Ishaq Dar said that Pakistan Railways will be made an independent corporation which will be governed by a board of governors.
The finance minister announced this while presenting the federal budget 2013-14 here on Wednesday.
Ishaq Dar said Railways which will the most reliable mode of transportation was also destroyed but the new government has decided to rehabilitate and upgrade railway network and its infrastructure.
He said a comprehensive plan is being chalked out under which railway will be made an independent corporation which will be governed by a board of governors.
Dar said under this plan all railway assets will be utilized through public-private partnership. He said signaling system of railway will also be modernized. He said feasibility study to link Pakistan with Afghanistan and China through rail will worked out.
The minister said Karachi circular railway project will be launched through Japanese technical and financial assistance.
