Khawaja Saad Rafique on Tuesday told the National Assembly that even the Chinese advice was against such train, also known as bullet train in common parlance, Dawn reported.
Under the ambitious USD 46 billion China-Pakistan Economic Corridor (CPEC) programme, Pakistan is building high-speed trains with a top speed of 160 kmph in the country.
"When we asked the Chinese about it, they laughed at us. We should consider the 160 kmph train under CPEC as a bullet train. We cannot afford an actual bullet train, there is no market for it," the railway minister said.
"Even if we do, we do not have such a big range of upper and middle class passengers who will buy tickets," he said.
Mr Rafique gave members a comprehensive overview of the performance of his department and insisted that he was doing as much as possible to clean up the department and turn it into a profit-making entity.