ISLAMABAD: Pakistan’s logistics market has reached $34.2 billion withannual growth of 18 percent.
Minister for Postal Services Murad Saeed said future initiatives ofPakistan Post would be compatible with the contemporary needs of existingtimes.
“This would include an entry into the ecommerce business,” Saeed said at ameeting.
The minister announced a pilot project for microfinance loan disbursementof Khushhali Bank through Pakistan Post. The project will be piloted by thefirst week of January and will formally be inaugurated by the mid ofJanuary.
The meeting was told that Pakistan Post has the capacity and commitment todeliver for online vendors for their cash on delivery products with proofof delivery and prompt reconciliation of their payments.
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“Many international web portal operators have shown their interest to enterinto the Pakistani market with Pakistan Post as their delivery partner,” anofficial statement said. “Apart from the business, Pakistan Post isexpecting technology transfer and HR development from them.”
Pakistan Post is also targeting the parcel export market worth four billiondollars, which is catered by local and international private couriers atvery high rates.
The postal operator 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.
