Railways' line of credit increased to Rs two billion

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