ISLAMABAD – Pakistan Post is expecting up to $2.5 billion in foreign directinvestment on public-private partnership model for the capacity building ofPakistan Post in the logistic sector.
“The revenue share of Pakistan Post in this endeavour is expected up toRs100 billion per annum whereas the current loss of Pakistan Post is atRs11 billion,” the statement added. Federal minister Murad Saeed emphasisedfocus on the domestic money transfer market which was primarily the legacyof Pakistan Post as money order delivery “but ironically was captured byprivate entrepreneurs”.
Saeed envisaged to bring technology and investment in the market and isworking to have a bigger share for Pakistan Post for the electronic moneytransfer market. At present, the market stands at Rs80 billion, whilePakistan Post only has one percent of the market share.
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The minister for postal services also inaugurated the Pakistan Post mobileapp for services featuring complaint handling, real time tracking,e-commerce delivery, post office locations, post codes and informationabout postal services.
