S African companies offer funding for rail-infrastructure development to Pakistan
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MIAN ARSHAD ISLAMABAD—The South African companies have offered support in provision of funding, rail-infrastructure development and services. This support may be in terms of technology transfer, training of human resource and 360 degree logistics in supplying imported input for different projects. A delegation of renowned South African companies led by Willem Goosen of M/s Grindrod Rail and MultiContinent Investment Company moved the proposal of support to Pakistan in a meeting with ministry of commerce here on Wednesday. He was accompanied by Asfhaq Anwar, a Pakistani businessman in South Africa.
Ministry of commerce representative informed the delegation that Pakistan was deeply interested into laying modern Rail Tracks and refurbishing existing routes for direct and transit trade with Afghanistan and Iran. The government considered Rail-Tracks as Trade Corridors because it will play vital role in boosting Pakistani exports and facilitating transit trades. The delegation was appised that Pakistan intended to initiate talks with South Africa related to Preferential Trade Agreement (PTA) for increase in existing trade volume between two countries. Moreover government is deeply interested in provision of integrated locomotive services for boosting trade with neighbouring countries like Afghanistan and Iran.