US had their railways under private management since its inception.
Instead of making huge losses, it should be given to private sector who knows how to run it. Another idea is let the private parties handle goods business and using that income let Govt run the passenger trains.
doesnt look like a bad idea to me for pakistan. for india though i would say we should do the opposite. hsr should be built by reliance and trains can be manufactured by L&T and beml, damm that would be sick..