GE expresses interest in Pakistan

Published December 3, 2014
The logo of the GE Money Bank is seen behind a traffic light in Prague. — Reuters/File
The logo of the GE Money Bank is seen behind a traffic light in Prague. — Reuters/File

ISLAMABAD: In a major shift, Pakistan Railways (PR) is engaging US companies for improvement of crippling rail system, sources told Dawn on Tuesday.

Since it came into power, the government has mostly been depending on Chinese firms for purchase of locomotives, spare parts and other equipments.

However, now it is said to be looking towards US companies for improving the railways.

On Tuesday, a delegation of General Electric (GE) met President Mamnoon Hussain, followed by a detailed meeting with Railway Minister Khawaja Saad Rafiq and other senior officials of PR.

The GE delegation was led by its Chief Financial Officer Frederick Beras.

The US firm is taking keen interest in many projects in Pakistan especially in power and railway sectors.

Meanwhile, sources said that Rafique is not happy with the performance of Chinese firms.

When contacted, Secretary Railways Ministry Perveen Agha told Dawn that a GE delegation gave a detailed briefing to the minister and showed keen interest in many railway projects.

“We also apprised the company about the upcoming plans and invited it to participate in the bidding process,” she said.

Published in Dawn December 3rd , 2014

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Enrolment drive
Updated 10 May, 2024

Enrolment drive

The authorities should implement targeted interventions to bring out-of-school children, especially girls, into the educational system.
Gwadar outrage
10 May, 2024

Gwadar outrage

JUST two days after the president, while on a visit to Balochistan, discussed the need for a political dialogue to...
Save the witness
10 May, 2024

Save the witness

THE old affliction of failed enforcement has rendered another law lifeless. Enacted over a decade ago, the Sindh...
May 9 fallout
Updated 09 May, 2024

May 9 fallout

It is important that this chapter be closed satisfactorily so that the nation can move forward.
A fresh approach?
09 May, 2024

A fresh approach?

SUCCESSIVE governments have tried to address the problems of Balochistan — particularly the province’s ...
Visa fraud
09 May, 2024

Visa fraud

THE FIA has a new task at hand: cracking down on fraudulent work visas. This was prompted by the discovery of a...