ISLAMABAD – Federal Minister for Communications and Postal ServicesMurad Saeed Wednesday said that launched earlier this year, Post’sForeign Remittance Initiative (FRI) for overseas Pakistanis, wasoffering the cost-free money transfer service to public.
Addressing the World Post Day ceremony here in Postal staff Collage,Murad said that international remittances initiative in collaborationwith the National Bank of Pakistan was lunched to facilitate Pakistaniexpatriates to send their remittances through lawful means in thecountry.
“Offering minimal charges on money order to be sent or receivedthrough this initiative, now when a hard worker labourer working inUAE or KSA would send 1000 Rayal, His family would receive exact 1000Rayal without any deduction”, Murad said.
He said Post had to work hard to bridge the trust deficit that peoplehad about the performance of this department. “However, now morepeople were opting Pakistan post as their courier and money orderservices which was proof of people’s trust in state-run postalservice”, he said.Previous governments had totally ignored this important field thatcould generate revenue for state along with providing immenseemployment opportunities for youth, he added.
“We have a largest network of post offices across the country andright now 230 stations were being operated under this initiative. Wewill expand the area of FRI services gradually”, he said, adding“Overseas Pakistanis would be able to send their money free of cost attheir home stations with the help of our network.”Murad Saeed said that the payment solutions and logistics policy forthe post were being improvised and will be completed in next twomonths.
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“With the help of all the innovative steps that we are taking,Pakistan Post will be the biggest contributor to the economy in nextthree years”, Minister hoped.
He said the FRI was aimed at encouraging the overseas Pakistanis toremit their hard-earned money through legal means which wouldeventually boost country’s foreign exchange.
