Ministry of Finance increases the credit ceiling to Pakistan Railways to Rs.2 billion
Islamabad: According to a letter issued by Finance Division, the existing line of credit of 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.
The issue was discussed in detail during a meeting held on August 4, 2011 by the Finance Minister Dr. Abdul Hafeez Shaikh in the chair, Minister for Railways Mr. Ghulam Ahmad Bilour, Minister for Labour and Manpower Syed Khursheed Shah and other officials to bring out solution for the recuperation of Pakistan Railways.
Ministry of Railways, Pakistan State Oil, and Ministry of Petroleum and Natural Resources has been informed accordingly.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326