Sheikh Rasheed seeks ECO's cooperation for restoring regional rail network

ISLAMABAD: Federal Minister for Railways, Sheikh Rasheed Ahmad Wednesday said the government was giving priority to foreign investment in the country and sought cooperation of Economic Cooperation Organization (ECO) in restoring rail network among Islamabad, Tehran, Istanbul and other central Asian countries.

He said this in a meeting with ECO Secretary General Dr Hadi Soleimanpour, who called on him here and agreed to enhance coordination between three counties in this respect.

Giving briefing on upgrade of 613 km long Queta-Taftan (Iran) railway line, the minister said this project would be completed on Build Operate Transfer basis.

On this occasion, Soleimanpour said Pakistan was an important member of ECO and its role for the development and prosperity of the region was commendable.

"ECO development bank could be beneficial for financial partnership," he added.