Pakistan Post Expects to Receive $1.5 Billion in FDI - Android

Pakistan Post is expecting up to $1.5 billion in Foreign Direct Investment (FDI) under the public-private partnership model. Minister for… Read More

The post Pakistan Post Expects to Receive $1.5 Billion in FDI appeared first on .

Pakistan Post is expecting up to $1.5 billion in Foreign Direct Investment (FDI) under the public-private partnership model.

Minister for Communications and Postal Services, Murad Saeed, has said in a statement that Pakistan Post is making an entry in the logistics market, which stands at $34.2 billion at present and has a growth rate of over 18 percent per annum.

For its capacity building in the logistics sector, up to $1.5 billion FDI is expected on PPP model. Director General Pakistan Post, Dr. Naseer Ahmed Khan, has said that the department is focusing on the use of new technologies to expand its horizons and go beyond the traditional means.

He said that the department is committed to providing secure and timely delivery of mail, material, and money to its customers at an economical cost. He said that the department is making people’s lives easier with its Electronic Money Order (EMO) service known as Post-to-doorstep that was previously available as window services only at General Post Offices (GPOs).

ALSO READ

Pakistan Post Becomes the Most Profitable Public Department of the Year

To expedite its services, the department has switched to modern technology, taken revolutionary steps to improve its efficacy and expanded its network around the globe. The DG told that on the special directive of Communications Minister, Murad Saeed, the department had introduced inclusive measures to show a better image of its services among the public by providing timely delivery of articles.

He said that services like EMO and same-day delivery were well received by the customers. The postal service also launched a mobile application allowing the customers to track their shipment on their cell phones. The app also registers customer complaints to improve the department’s services.

Moreover, the department has recently signed an agreement with the National Database and Registration Authority (NADRA) for the renewal or updating of CNIC through Post Offices.

“This pilot project was launched in 10 Post Offices and it will soon be extended to 100 Post Offices,” said Khan.

The post Pakistan Post Expects to Receive $1.5 Billion in FDI appeared first on .