NLC allowed to buy trains, locomotives

ISLAMABAD - Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh on Friday approved the expansion of Railway Freight Service of National Logistics Cell that would allow NLC to purchase trains and locomotives from Pakistan Railways, South Korea and General Electric and USA. Federal Minister for Finance and Economic Affairs stated this while chairing a meeting about the different proposals of National Logistic Board (NLB). Finance Minister also approved the proposal of NLB to purchase 300 prime movers @ Rs. 2.45 billion from M/S HinoPak in phases. The NLB demanded to establish six terminals at the borders areas of Taftan, Chaman, Torekham, Wagha, Jamrode and Sust. Finance Minister and his economic team discussed the different procedural hindrances to execute the NLBs demand. They decided to involve all stakeholders like Ministry of Commerce, Interior and Anti-Narcotics through a multi-agency meeting to solve the issues and to operationalise the NLB proposal. NLB also raised the issue of logistic of goods by different embassies including US and ISAF under Afghan-Pakistan Transit Trade Agreement without getting NOC from National Logistic Cell. It was decided that the strict compliance of existing rules and procedures on such transportation of goods should be observed. While talking to the establishment of an Army Public School, a project of Punjab Government, the Finance Minister advised NLB to conform its rule as a contractor to avoid any ambiguity in funding. Secretary Finance, Secretary Planning, Dy. Chairman Planning Commission, Secretary Communication, Chairman FBR and other High officials of National Logistic Board (NLB) were present in the meeting.

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