Pakistan Railways (PR) has sold around 3,705 metric tons of scrap through fair and transparent bidding and reserved almost 11,836 metric tons for railways’ use. “The railways scrap is an asset of the country while scrap disposal target per annum is in billion of rupees which is added to the national exchequer,” an official source in the Ministry told APP.
He said that copper scrap has not been disposed of for some time while some scrap was recently given on Government-to-Government basis and the department had received heavy amount in this regard. Around 18,867 metric tons of scrap is yet to be auctioned and its estimated value was around Rs 2358.375 million at a cost of Rs125 per kg without taxes, he added. He said that Ministry of Railways has the concerned officers to speed up the sale auction process of pending scrap.—APP