AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,943 Increased By 105.5 (1.35%)
BR30 25,639 Increased By 187.1 (0.73%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)

ISLAMABAD: Pakistan Railways was expanding the scope of China Pakistan Economic Corridor (CPEC) to explore the “Gateway of Prosperity” for both countries and the region at large through the advancement of the Railways sector.

The department considered CPEC as a long-term development project as it has the potential to serve as a corridor with multiple doors connecting China with Central Asia, the Middle East, Africa, and Europe, said an official document.

It said the Chinese and Pakistani workforce, in a large number, was employed to ensure timely completion of the infrastructure projects.

There were also new projects launched such as Sukkur-Hyderabad Motorway (M-6), Peshawar-DI Khan Motorway (M-14), KKH Alternate Route (Gilgit-Shandor-Chitral), Swat Expressway (Phase-II), Dir Expressway, and Karachi Circular Railways.

Pakistan Railways was providing one of the key modes of transport in the public sector which promoted national integration and economic growth, it added.

Pakistan Railways comprised a total of 466 locomotives for a 7,791 km long route. During July-March FY2022, the gross earnings of railways were recorded at Rs 43.73 billion, it added.

The modern transportation and communication system was one of the key inputs for achieving sustainable economic growth, the document said. “A network of roads, highways, motorways, seaports, and airlines in a country makes it a center of economic activity by attracting investment, raising productivity, and reducing the cost of doing business,” it said.

The government was committed to upgrading the transportation and communication system with the development of new roads, highways motorways, railway tracks, and airports to improve connectivity under CPEC. The CPEC was a pragmatic step for converting the unique geo-strategic location of Pakistan into geo-economics through various transport-related projects that would transform the road infrastructure of Pakistan and improve access to Central Asian, African, and European states, it added.

Comments

Comments are closed.