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Summary The existing line of credit for Pakistan Railways has been increased to Rs 2 billion through PSO.
This decision has been taken by keeping in view the financial constraints faced by Pakistan Railways, read a letter issued by the Finance Division.The issue was discussed in detail during a meeting held on August 4, 2011 between Finance Minister Dr Abdul Hafeez Shaikh in the chair, Minister for Railways Ghulam Ahmad Bilour, Minister for Labour and Manpower Syed Khursheed Shah and other officials to bring out a solution for the recuperation of Pakistan Railways.Ministry of Railways, Pakistan State Oil and Ministry of Petroleum and Natural Resources have been informed, according to the letter.
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