LAHORE: In a press conference at the Railway Headquarters, Federal Minister for Pakistan Railways Khawaja Saad Rafique on Monday stated that a new train would not be launched in the current fiscal year.
The minister added that all controversial contracts would be terminated.
Rafique presented a report pertaining to his 110-day reign as Federal Minister for Pakistan Railways, stating that the 50 per cent decrease in ticket prices had significantly increased the revenue of the Railway Ministry.
He added that three months earlier the Railway Ministry was forced to face a loss of 100million rupees per day, which had now been decreased to 80million.
The minister moreover said that the overall property holdings of the Pakistan Railways had been computerized, and action was being taken against those who had illegally occupied them.
While concluding the press conference, Rafique said the branding of trains and railway stations would be handed over to a multinational company to increase the ministry's earning.
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