ISLAMABAD, March 21: Federal minister for communications and railways Lt-Gen (retd) Javed Ashraf Qazi said on Thursday that the financial resources of Pakistan Railways were being increased in order to make it commercially viable.

He was talking at the ministry office to a high-powered consortium comprising business groups from Malaysia who have shown interest in development projects.

The minister said, the process of commercialization of Pakistan Railways has commenced and the participation of the private sector is being sought.

He said, there are lucrative investment opportunities in Pakistan Railways; a number of agreements have been signed with various multinationals in the last two years.

The Malaysian Business Groups Consortium, presented their plan to have projects in various industries to the federal minister for communications and railways, which shall generate continuous revenue streams for Pakistan Railways starting from this year.

Secretary Railways Lt-Gen (retd) Saeeduz Zafar, GM M&S Maj-Gen (retd) Hamid Hassan Butt member (finance) Khurshid Ahmad Khan, financial advisor Irfan Ahmad, and managing director Railcop, Abdul Waheed Shaikh, were also present.—APP