World's leading rail company, Wabtec, showed keen interest in furthering its existing partnership with Pakistan and assisting the Pakistan Railways in meeting its locomotive requirements.
In a statement issued on Saturday, Pakistan's Ambassador to the United States Masood Khan said that Pakistan offered huge opportunities to foreign investors and the world’s leading rail companies to enter a mutually beneficial partnership in the process of modernisation of Pakistan’s railway network.
The ambassador was in conversation with a delegation of Wabtec that called on him at the Embassy of Pakistan. Wabtec is a global provider of equipment, systems, digital solutions, and value-added services for the freight and transit rail sectors.
"While we greatly appreciate the existing level of cooperation between Wabtec and Pakistan Railways, particularly in engineering and rail services, we look forward to benefitting from the company's expertise in the modernisation of railway networks and indigenization of locomotive manufacturing in Pakistan," said the ambassador.
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Ambassador Masood maintained that the critical role being played by railway networks in the transportation system of the country and the emerging needs of a growing economy was creating “huge opportunities” in different fields of the railway sector.
The delegation briefed the ambassador about their decades-long business experience in Pakistan, the areas of cooperation with Pakistan Railways and future plans in meeting the fleet requirements of the country.
They also apprised the ambassador about the qualitative edge the company maintains, especially in areas of digitalization of locomotives, control and safety, signal traffic, trip optimization and use of hybrid technology for powering locomotives.
The delegation informed Ambassador Masood that Wabtec, in past, had provided 153 locomotives to Pakistan Railways and was assisting Pakistan Railways in improving its engineering and rail services.
Ambassador Masood welcomed their interest and said that the government stood committed to providing all possible facilitation to international investors and leading business companies to undertake profitable business ventures in Pakistan.
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