NLC Express Freight Train (NEFT)
In 2009, NLC launched a pilot project by the name of NLC Express Freight Train (NEFT) to expand supply chain capacity as per the strategic vision of NLC by converting the organization into a multimodal logistics solutions provider. NLC purchased 10 refurbished GMU-30 Locomotives from the Korean Rail (KORAIL). The Locomotives are being used by Pakistan Railways under wet lease contract agreement for twelve years signed in Nov 2014. The locomotives commenced cargo operations with effect from June 15. As per contract agreement, NLC is providing fit Locomotives alongwith crew for freight operation whereas operational activities and marketing are being carried out by Pakistan Railways. NEFT has become profitable SBU and running Loco operation at full capacity generating handsome revenue / profit each month. NEFT is also exploring new business avenues with Pakistan Railways in context of China Pakistan Economic Corridor (CPEC).