PR seeks profits through land leases, partnerships
Railways has leased out over 4,603 acres of its land
PHOTO: File
ISLAMABAD:
The Pakistan Railways has leased out over 4,603 acres of its land during the last three-and-a-half years to transform the department into a profitable entity by generating more revenue.
“The leased-out land was located in seven divisions including Lahore, Karachi, Peshawar, Quetta, Rawalpindi, Multan and Sukkur,” an official in the Ministry of Railways told APP.
He also divulged details of a plan aimed at exploiting 25 mega sites of Pakistan Railways commercially under the public-private partnership (PPP) mode.
An expression of interest to hire the consultant for the purpose was already given in the national and local newspapers of the country, he said.