Finance ministry is set to release Rs.3.5 billion as bailout package of railway

The government has decided to move private sector while the Ministry of Finance is set to release Rs. 3.5 billion in next few days to overcome ongoing financial crisis of Pakistan Railways (PR).
According to the Railways Ministry, proposals for cooperation with the private sector to rescue PR from the crisis have been prepared and very soon the Finance Ministry will issue Rs. 3.5 billion for repairing of faulty engines and supply of diesel.
At the other side, Pakistan Railways’ four cheques worth Rs. 29.17 million issued to Pakistan State Oil (PSO) have bounced while stock of lubricant oil and diesel is near about end. It is feared that if PSO’s dues will not be cleared soon then Pakistan Railways’ wheel will halt any time