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Saturday, November 5, 2011

Pak Railways to privatize three trains

Pakistan Railways on Friday has decided to hand over three passenger trains to private sector.

According to the Railway, it has received a satisfactory response from private sector to get Allama Iqbal Express, Millat Express and Farid Express on contract.
Sources claim that these three trains would be handed over to private companies. 
Allama Iqbal Express goes from Sialkot via Lahore to Karachi, Fraid Express goes from Lahore via Pakpatan to Karachi while Millat express runs from Sargodha via Faisalabad to Karachi.

Sources told that Allama Iqbal Express is expected to earn Rs 200,000 per day while Farid and Millat express are expected to fetch Rs 700,000 each per day.
Pakistan Railways will provide engines track and bogies, while the rest of the arrangements will be the responsibility of the private stakeholders.   SANA