Pakistan expecting yet another FDI deal worth $2.5 billion

Pakistan expecting yet another FDI deal worth $2.5 billion

ISLAMABAD - Pakistan Post is expecting up to $2.5 billion in foreign direct investment on public-private partnership model for the capacity building of Pakistan Post in the logistic sector.

“The revenue share of Pakistan Post in this endeavour is expected up to Rs100 billion per annum whereas the current loss of Pakistan Post is at Rs11 billion,” the statement added. Federal minister Murad Saeed emphasised focus on the domestic money transfer market which was primarily the legacy of Pakistan Post as money order delivery “but ironically was captured by private entrepreneurs”.

Saeed envisaged to bring technology and investment in the market and is working to have a bigger share for Pakistan Post for the electronic money transfer market. At present, the market stands at Rs80 billion, while Pakistan Post only has one percent of the market share.

The minister for postal services also inaugurated the Pakistan Post mobile app for services featuring complaint handling, real time tracking, e-commerce delivery, post office locations, post codes and information about postal services.

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