Pakistan Railways believed that right-of-way charges on fiber optic cables would provide the department with a respectable source of income.


Islamabad: Pakistan Railways decided to install fiber optics cables along the entire railway tracks across the country, in a partnership with investors from the private sector to increase the organization's earnings.
According to the official sources in the Ministry, Pakistan Railways has a 7,791-kilometer-long network of railroads that will both enhance the department's financial situation and attract investors.
The Ministry of Railways reportedly put up the issue at a meeting of the Economic Coordination Committee (ECC), where it was noted that the department was providing a fantastic opportunity for the installation of fiber optic cables along its track for digital connectivity throughout the nation.
They claimed that during the conference, Pakistan Railways disclosed that it had a 7,791 km network that connects the major cities in the four provinces and travels through areas with a high population density.
They claimed that despite having average assets and substantial pension obligations, Pakistan Railways' financial situation was deteriorating, and unless new revenue sources were found, the company's reliance on government subsidies would continue to increase.
According to the sources, Pakistan Railways believed that right-of-way charges on fiber optic cables would provide the department with a respectable source of income.
They claimed that the adoption of the business model of installing fiber optic cables in a joint venture with private-sector investors on railway land due to poor financial health and restricted income streams had already been summarized and communicated to the appropriate quarter by the Ministry of Railways.
Then, the sources claimed, the concerned quarter, while accepting the proposal, instructed the Ministry of Railways to draft a new policy in consultation with all parties that would help the development of the digital economy and present it to the ECC for review.

Private Hajj scheme bookings to close at midnight on Friday
- 11 hours ago

What humans might learn from nature’s real-life zombies
- 2 hours ago

130 dead in Mexico due to torrential rains, floods
- 9 minutes ago

What the National Guard is doing in Chicago
- 2 hours ago

No. 1 Buckeyes 'want to be great,' cruise to 5-0
- 3 hours ago

Pakistan, Saudi Arabia sign MoU to strengthen anti-corruption, asset recovery cooperation
- 11 hours ago

Verizon buys the not-quite-5G wireless ISP Starry to expand wireless broadband
- 4 hours ago

The problems with AI in the smart home and how Amazon and Google plan to fix them
- 4 hours ago

Follow live: Cubs aim to force Game 5 vs. Brewers
- 3 hours ago

Donald Trump wishes Pakistan, India to be best neighbors
- 5 minutes ago
.jpg&w=3840&q=75)
Gaza Ceasefire Agreement Signed by U.S., Egypt, Türkiye, and Qatar
- 11 hours ago

PM Shehbaz reaffirms Pakistan’s support for Palestine in high-level meetings at Sharm El-Sheikh Peace Summit
- 12 hours ago