ISLAMABAD - The cash strapped PPP-led coalition government has at last released first tranche worth Rs2 billion to give some oxygen to crisis-ridden Pakistan Railways (PR), The Nation has learnt reliably on Monday. Official sources in the Ministry of Finance privy to the development said that the ministry released Rs2 billion on Saturday so far as a first tranche of approved bailout package worth Rs11.1 billion of Pakistan Railways. The sources said that Finance Ministry seeking assistance from some financial institutions for remaining amount to rescue the sinking cheap mode of transportation of the country. The Prime Minister also advised the Finance Minister to provide necessary funding to Pakistan Railways, in consultation with the Minister for Railways, the sources added. The official sources in Pakistan Railways said that Minister for Railways, Ghulam Ahmad Bilour, on Saturday requested the Prime Minister for release of approved bailout package and also met with the Secretary Finance to get ensure the financial release. It was however, Prime Ministers intervention as PR get release 1st instalment of Rs2 billion from the bailout package, the sources added. When this scribe contacted officials in Pakistan Railways, they said that so far no amount credited to the PR account, however, they all were of the view that it would take at least one week to get credited this amount of bailout package to the PR account. It is not out of place to mention that on December 29, while giving presentation to the Federal Cabinet, officials of Pakistan Railways mentioned the following factors which had impacted on its already shattered economic situation, (i) 50 per cent increase in pay and pensions, allowances etc, (ii) increase in price of high speed diesel (HSD), (iii) increase in prices of utilities, (iv) damage to assets in December 2007 after Benazir Bhutto assassination, etc.