ISLAMABAD: As the government announced the closure of a nearly five-decade-old subsidiary of the Pakistan Railways in the name of right-sizing, questions have arisen over the timing of the decision.

Documents seen by Dawn suggest that the decision to wind-up Railway Construction Pakistan Ltd (Railcop) comes after a financial scandal involving the use of fake bank guarantees was unearthed in the department.

Earlier this month, the Ministry of Railways decided to close Railcop as well as two other entities — the Pakistan Railways Advisory & Consultancy Services (Pracs) and Pakistan Railway Freight Transportation Company (PRFTC).

According to office orders issued by the Railcop chief........

© Dawn Business