South Korean Investors Show Interest to Invest in Pakistan Railways

Federal Minister for Railways Sheikh Rasheed Ahmad, on Monday, invited a delegation from South Korea to seek business and investment opportunities in Pakistan Railways.

While chairing a meeting with the Korean delegation on investment opportunities in Pakistan Railways at the Ministry of Railways, he asked the delegation to look at the possibility of upgrading Main Line-I, II and III projects, which are bound to turn the railways into a modern network.

The delegation of the Korea Rail Network Authority (KRNA), led by South Korean Ambassador Kwak Sung-Kyu, visited Pakistan Railways to explore investment and business opportunities, according to a press release.

KRNA is a subsidiary of the Transport Department of the Government of South Korea.

Sheikh Rashid said that Pakistan Railways is open to investment from all countries and the present government is committed to upgrading the Main Line-I and Main Line-II.

The upgrade of Main Line-I is a lifeline for China-Pakistan Economic Corridor (CPEC).

The minister said that Pakistan values its important ties with South Korea and both KRNA and Pakistan Railways are interested in mutual cooperation.

He pointed out that Main Line-II and Main Line-III is also important for CPEC, hence, the South Korean government should also give importance to these networks as well.