Pakistan Railways (PR) and Pakistan State Oil (PSO) on Monday reached an agreement over land rent re-lated matter.
Legal teams of PR and PSO drafted an agreement which was signed by PR Infrastructure AGM Arshad Salam Khattak and PSO Opera-tions GM Atif Saddiqui.
PR had been leasing out some pieces of its land to PSO since 1982 which was using for stock oil re-serves.
Matters pertaining to fixing the rent of fifteen points had been pending for the last four years between PR and PSO. Pakistan Railways Land Director General Muhammad Hafeezullah had termed the agreement as essential one for restoring atmosphere of trust between both PR and PSO.
