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 Pakistan Railways and Awan Trading Co.(Pvt) Ltd was signed by PR Chief Marketing Manager Abdul Hameed Razi and Awan Trading Co.(Pvt) Ltd 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.

Federal Minister for Pakistan Railways Khawaja Saad Rafique was also present on the occasion. Speaking on the occasion, the minister welcomed the Awan Trading Company and Chishtian Logistics and congratulated them for the agreement.

"Already a successful partnership had been made in 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 which PR earned from freight would be utilized to facilitate passengers.

Under this MoU Awan Trading Co. (Pvt) Ltd 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 FDA head and the duration of the MoU could be further extended upto six months with mutual consent.

Whereas, according to the MoU Chishtian Logistic would transport 7500 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 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.