ISLAMABAD:
In a first step towards restructuring Pakistan Railways, the government approved a bailout package worth Rs25.7 billion for the crisis-hit entity. The funds will be used to repair the engines currently out of order in addition to buying 50 new diesel-electric locomotives.
Approval to the two projects given by the Central Development Working Party (CDWP) marks the beginning of restructuring the cash-strapped state-owned company that has been incurring losses for years due to
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