Pakistan's railway sector, needing modernization, is ready to get significant investments from Russia and the United Arab Emirates (UAE), that is up to $1 billion. The focal point of dealings between Pakistan and these countries is the rejuvenation of the railway sector, which has confronted difficulties and declined in importance, because of rivalry from the tanker industry.
Russia has focused on investment between $550 million and $660 million for the upgrade of the Quetta-Taftan rail line in Balochistan. This deal was set during a visit by Pakistan Railway's minister and secretary to Russia in December 2023, with endeavors in progress to finish an government-to-government (G2G) framework agreement.
The advancement of this investment plan is being observed by Pakistan's diplomat to Russia, following the new progress of bringing in oil from Russia, reinforcing economic ties between the two nations. Russia has additionally communicated interest in reviving Pakistan Steel Mills (PSM) and modernizing old power plants in Pakistan.
At the same time, the UAE is considering a investment of $350-400 million for the development of a devoted freight corridor in Pakistan. This potential investment lines up with the UAE's continuous financial commitment to Pakistan, including a new consent to put investment into a port terminal in Karachi.
