Pakistan Railways operates as a railway company in Pakistan. It provides transportation services for business, sight seeing, pilgrimage, and education. The company was founded in 1947 and is headquartered in Lahore, Pakistan.
Founded in 1947
Government To Privatize Pakistan Railways
Apr 20 15
Railway Workers Union will hold protests against the privatization plan of Pakistan Railways.
Update On Pakistan International Airlines Privatization
Jan 4 14
The Senate Standing Committee on Planning and Development opposed the privatization of Pakistan International Airlines Corporation (KASE:PIAA) and recommended that the government take financial and administrative measures to rehabilitate and revive the airline. Government has assured International Monetary Fund (IMF) that finance advisors would be appointed in Pakistan International Airlines (PIA), Pakistan Steel Mills Corporation (PVT) LTD. and Pakistan Railways (PR) till end of March 2014. It is being said that these advisors would give recommendations for revival of these institutions and government would make key decisions regarding privatization of these institutes in light of recommendations being given by appointed advisors.
Pakistan's Cabinet Committee Clears Privatization Plan For 31 Companies
Oct 4 13
The government decided in the Cabinet Committee on Privatization to direct the Privatisation Commission to immediately initiate the process for sale of 31 public sector entities (PSEs) through initial and secondary public offering and transfer of 26% along with management control, to the private sector. The statement said, "After thorough deliberations, the committee agreed to initiate the process of privatization and directed the commission to ensure that the interests of employees were to be protected at all cost. Most of the PSEs will be offered to the private sector through strategic divestment, including up to 26% stakes along with management control, while shares of other companies will be offloaded through public offering." The companies include Pakistan Petroleum Ltd. (KASE:PPL), Pak Arab Refinery Limited, Pakistan State Oil Company Limited (KASE:PSO), Sui Southern Gas Co., Ltd. (KASE:SSGC), Sui Northern Gas Pipelines Ltd. (KASE:SNGP), Pakistan International Airlines Corporation (KASE:PIAA), Pakistan Railways, Gujranwala Electric Supply Company Limited, Lahore Electric Supply Company Limited, Islamabad Electric Supply Company Limited, Faisalabad Electric Supply Company Limited, National Power Construction Corporation (Pvt) Limited, Pakistan National Shipping Corp. (KASE:PNSC), Pakistan Steel Mills Corporation (Pvt.) Ltd., Roosevelt Hotel Corporation NV, Oil and Gas Development Co., Ltd. (KASE:OGDC) and Northern Power Generation Company Limited.