PR signs two MoUs for transportation of coal
LAHORE: Pakistan Railways (PR) on Saturday signed Memorandum of Understanding (MoU) with Awan Trading Co (Pvt) Ltd and Chishtian Logistic for transportation of coal.
First MoU between PR and Awan Trading was signed by PR Chief Marketing Manager Abdul Hameed Razi and Awan Trading Marketing Director Brig (r) Muhammad Azam while the second MoU between PR and Chishtian Logistic was singed by Chishtian Logistic Proprietor Abdul Latif and PR Chief Marketing Manager Abdul Hameed Razi.
Railways Minister Khawaja Saad Rafique was also present on the occasion. He welcomed both the companies and congratulated them on the agreement.
“Already a successful partnership had been made in the freight sector and these agreements were not only between two parties as it would create job opportunities as well,” he added.
Saad Rafique said money that PR earned from freight would be utilised to facilitate passengers.
Under the MoU, Awan Trading would transport 20,000 tonnes of coal monthly through railways to Karachi port area, Qasim railway station, from Port Muhammad Bin Qasim to Chichuki Malian, Faisalabad Dry Port and Shahdara Bagh railway station.
Awan Trading Company would deposit Rs 250 million under the FDA head and the duration of the MoU could be further extended up to six months with mutual consent.
Whereas, according to the second MoU, Chishtian Logistic would transport 7,500 tonnes of coal monthly through railways to Karachi Port area stations, Bin Qasim Railway Station, from Port Muhammad Bin Qasim to Chichuki Malian, Khewra, Pind Dadan Khan and to Faisalabad railway stations.
Chishtian Logistic would deposit Rs 150 million under the FDA head while the time period of MoU could be extended with mutual consent. PR Chief Executive Officer Javed Anwar Bobak and other officials were also present.