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38th AGM and 105th BOD Meeting of RAILCOP

38th Annual General Meeting and 105th Meeting of Board of Directors of RAILCOP was held on 29th October, 2018 at Lahore. The Secretary/Chairman Railways (ex-officio Chairman of the BOD) chaired the meeting.

Before discussing regular Agenda Items of said meeting, the Managing Director gave a brief overview to the Directors about the overall performance of the Company like Annual Turnover, Company’s Worth and Profit earned during the financial year 2017-2018. He further brought to the notice of the Directors, the achievements made by the Company during the financial year ending 30.06.2018.

The Managing Director apprised the Board that present worth of the Company has touched Rs.3.00 billion figures and the turnover of the Company was Rs.2.009 billion. The Company has earned Rs.431.600 million net profit after tax during the financial year 2017-2018.

The forum was also informed that since Company’s inception in 1980, the Company earned a profit of Rs.1.33 billion from 1980 to 2012-2013 (32 years), while it earned almost the equivalent profit over a short span of five years from 2012-2013 to 2017-2018.The Board was also briefed that keeping in view a healthy trend in Company’s growth over recent years, Pakistan Stock Exchange has also offered to register the Company with the Exchange.

The forum was apprised that this tremendous growth was made possible by the dedicated efforts of the Management and Staff of the Company by exploring new markets, winning new projects through open competitive bidding, recruitment of skilled staff on merit and other relevant measures for increasing the Company’s business and profit besides, curtailing the administrative expenses on various accounts.

The Chairman and Directors of the Board appreciated the performance of RAILCOP Management and especially acknowledged the services and dedicated efforts of the Managing Director for revamping the Company over recent years.

The leading National Newspapers gave coverage to the proceedings of the meeting.

Sheikh Rasheed Ahmed, Federal Minister for Railways inaugurated a Plant Nursery
at Margala Railway Station, Islamabad on 07.09.2018

Sheikh Rasheed Ahmed, Federal Minister for Railways chaired a high level meeting at Railway Headquarters Office, Lahore on 26.08.2018. The Managing Directors of Railway Companies i.e. RAILCOP, PRACS, REDAMCO & PRFTC made presentations about working and performance of respective Companies. The chair was also briefed by the Railway Management regarding China-Pakistan Economic Corridor (CPEC).

103rd Meeting of RAILCOP Board of Directors was held on June 4, 2018 in the Committee Room of Pakistan Railways Headquarters Office, Lahore. Secretary/Chairman Railways chaired the meeting and agenda items were discussed by the Board of Directors.

Federal Minister for Railways inaugurated the residential apartments for Railway employees on 15.04.2018 in Lahore. Speaker National Assembly, CEO/Sr. GM Railways and MD/RAILCOP were also present. These apartments were constructed by RAILCOP.

Federal Minister for Railways along with Federal Minister for Interior inaugurated the new building of Narowal Railway Station. Secretary/Chairman Railways and MD/RAILCOP were also present. The new station building was re-constructed/renovated by RAILCOP.

A group of participants of training course in Railway Academy, Walton from different countries visited RAILCOP Head Office, Islamabad on January 23, 2018. MD/RAILCOP gave a presentation and briefed them about activities of the Company and hosted a lunch in honour of the participants. DG/Railway Academy, Walton presented a souvenir to MD/RAILCOP.

102nd Meeting of RAILCOP Board of Directors was held on April 6, 2018 in the Committee Room of Pakistan Railways Headquarters Office, Lahore. Secretary/Chairperson Railways chaired the meeting. MD/RAILCOP presented nine month's performance of the Company. The other Agenda Items were also disscussed by the Board of Directors.

MD/RAILCOP visiting Track Machine Shop Moghalpura, Lahore. PD/TMS is briefing MD on this occasion.

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