‘Pakistan Post entering $34.2bn logistics market, expecting investment up to $1.5bn’

Federal Minister for Communications and Postal Services Murad Saeed has said that Pakistan Post was entering the country’s logistics market, which at present is worth $34.2 billion and is growing at a rate of more than 18 per cent per year.

“Pakistan Post is expecting up to $1.5 billion Foreign Direct Investment (FDI) on public-private partnership model for its capacity building in the logistic sector,” Associated Press of Pakistan (APP) quoted the minister as saying.

FDI is an investment in the form of a controlling ownership in a business in one country by an entity based in another country.

Within past one year, Pakistan Post has introduced revolutionary initiatives, including Electronic Money Order (EMO) at doorstep, Mobile App, E-Commerce and Same Day Delivery services, to improve efficiency and expand its network across the globe.

According to Pakistan Post Director General (DG) Dr Naseer Ahmed Khan, the national postal operator is adopting new communication and information technologies to move further.

He said that on the special directives of the federal minister, Pakistan Post has initiated inclusive measures to develop a better perception of its services among the public by ensuring timely delivery of mail, money and other articles.