Islamabad: Pakistan Railways has managed to auction the commercial management rights of only five out of 15 passenger trains, reflecting limited private sector interest in railway operations. According to sources, Karakoram Express, Awami Express, Millat Express, Mianwali Express, and Narowal Passenger were successfully auctioned for a combined amount of Rs10.78 billion. However, ten trains, including Karachi Express, Farid Express, Hazara Express, Ravi Express, Sialkot Express, and Bahauddin Zakariya Express, failed to receive any bids. Railway authorities had previously increased benchmark values and later reduced them after repeated unsuccessful auction attempts. The development highlights ongoing challenges in attracting private investment into Pakistan’s transport sector. Will policy reforms and improved commercial incentives help revive investor confidence in railway operations?
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