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The Pakistan Railways is privatising its freight business to increase competition and make the loss-making state-owned enterprise financially viable. AFP/File
LAHORE: In a surprising development, the federal government has appointed a chief operating officer of a private firm as chief executive officer (CEO) of the Pakistan Railways Freight Transportation Company (PRFTC) despite knowing the fact that he, very recently on behalf of his company, prepared and submitted bids for getting the project on outsourcing of the railways’ freight wagons, business.
“He was also among various participants who attended pre-bid meetings on behalf of his companies. The recent one he attended was held on July 2,” an official said.
Islamabad: Having been suspended for nearly a decade, Pakistan and Turkey are set to resume freight train service this month.
Islamabad-Tehran-Istanbul (ITI) cargo train is likely to resume operations on March 4 from Istanbul and reach Pakistan on March 16 via Iran, according to Pakistan media reports.
The railways of Pakistan, Turkey and Iran mutually agreed last year to resume regular operations to boost economic cooperation among the three countries.
The railway service between Pakistan and Turkey first started in 2009 as a project under the Economic Cooperation Organization (ECO) but was cancelled in 2011 due to logistical challenges.
The officials of the three countries decided to resume operations in 2021 during the virtual meeting of the 10-member Asian trade bloc, ECO. Pakistan Railways Freight Transportation Company will be the focal organization for coordination in Islamabad.