Railway Minister Sheikh Rasheed hopes to achieve Rs 10b profit target

02:46 PM | 5 Dec, 2018
Railway Minister Sheikh Rasheed hopes to achieve Rs 10b profit target
RAWALPINDI - Federal Minister for Railway Sheikh Rasheed Ahmed on Wednesday said that the Railway has set a target of profit margin of RS 10 billion for financial year 2018-19.

Talking to media at the Rawalpindi Railway Hospital , Rasheed vowed that “the task given to me by Prime Minister Imran Khan as focal person of Leh Expressway Project will be completed soon".

Sheikh said that a new train would be started from Karachi to Peshawar that will cover the distance of 1760 kilometers in 8 hours at the speed of 160 km per hour.

Sheikh linked the benefits of the construction of China Pakistan Economic Corridor with the
development of railway department.

The Minister said that CPEC project is the backbone of the economy and revolutionary changes would be carried out in the rehabilitation of railway with the support of China.

Criticizing the previous governments spending of gigantic sum on the construction of roads, he said there was need to improve the condition of tracks which is in dilapidated condition.

Rasheed informed that there are 2000 railway crossings without gates and in limited resources it has become difficult for railway to construct it.

He urged the people not to play cricket on railway track as it leads to accidents. Rashid said that number of freight trains would be increased as it will increase the profit of Railway.

He announced that new train would be added to Green line service while work in progress for starting two new trains from Quetta to Karachi.

He said that earlier I had asked the residents residing along with the Nullah leh not to sell their properties as now they are going to become millionaire with the construction of Expressway.

He said that the previous rulers destroyed the economy of the country, adding 2019 would be year of Imran Khan success.

The Minister renewed his pledge that corruption in railway would not be tolerated at any level.

Earlier the Minister planted a sapling in the lawn of the Railway hospital under ongoing “Plant for Pakistan” drive.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Currency Rates Today - Pakistani Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 22 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 22, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.25 and selling rate is 303.25.

British Pound rate is 354.75 for buying, and 358.25 for selling. UAE Dirham AED was at 76.4 and Saudi Riyal lowered to 73.60.

Currency Rates Today

Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.25 303.25
UK Pound Sterling GBP 354.75 358.25
U.A.E Dirham AED 76.40 77.15
Saudi Riyal SAR 73.60 74.32
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.50 205.50
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.70 36.05
Indian Rupee INR 36.05 36.05
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202.00 204.00
Swedish Korona SEK 26.40 26.70
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.50 7.65


Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter