Pakistan logistics market reached $34 billions: Report

Pakistan logistics market reached $34 billions: Report
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ISLAMABAD: Pakistan’s logistics market has reached $34.2 billion with annual growth of 18 percent.

Minister for Postal Services Murad Saeed said future initiatives of Pakistan Post would be compatible with the contemporary needs of existing times.

“This would include an entry into the ecommerce business,” Saeed said at a meeting.

The minister announced a pilot project for microfinance loan disbursement of Khushhali Bank through Pakistan Post . The project will be piloted by the first week of January and will formally be inaugurated by the mid of January.

The meeting was told that Pakistan Post has the capacity and commitment to deliver for online vendors for their cash on delivery products with proof of delivery and prompt reconciliation of their payments.

“Many international web portal operators have shown their interest to enter into the Pakistani market with Pakistan Post as their delivery partner,” an official statement said. “Apart from the business, Pakistan Post is expecting technology transfer and HR development from them.”

Pakistan Post is also targeting the parcel export market worth four billion dollars, which is catered by local and international private couriers at very high rates.

The postal operator 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.

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