Ministry of Railways initiates privatization preparations amid controversy

LAHORE, June 04: The Ministry of Railways has commenced preparations for the privatization of the institution, following directives from the federal government.
In a notable move, the Ministry has dispatched a letter to the CEO Railways, requesting comprehensive details regarding assets, expenses, and the workforce within the Railways sector.
While the railway headquarters has initiated the collection of these vital details, a spokesperson for the railways has refuted claims of receiving any such letter from the Ministry regarding privatization. Despite this, the railways are projected to generate revenue exceeding 85 billion rupees this year.
The development underscores a potential shift in the future landscape of the country's railway sector, sparking debates and discussions on the implications of privatization within the industry.