‘Pakistan Post to become country’s largest banking network by Dec’

The National Assembly was informed on Monday that Pakistan Post would “become the largest banking network of the country” by December this year, Radio Pakistan reported.

Replying to a question in the lower house of the parliament, Communications Minister Murad Saeed said the network of Pakistan Post has been linked with 15,000 kiosks of NADRA for biometric verification, adding that it would be helpful in disbursing remittances, Ehsaas programme payments and other essential services.

“In the last week of February, a home delivery service will be introduced by Pakistan Post. In addition, 125,000 franchise post offices will be set up in the next two years to provide employment opportunities to the masses.”

Murad Saeed maintained the overall loss of Pakistan Post (Rs52 billion) has been brought down due to reforms undertaken by the incumbent government. “These include introduction of live tracking of shipments, EMS survey to send parcels to any destination in the world within 72 hours, entry into e-commerce sector, tapping the Rs200 billion financial tech market, using the network of 12,000 post offices in the country to deliver remittances at no charge, same-day delivery in major cities of Pakistan, and improvement in UMS Service.”

He said so far, no private courier company was registered with Pakistan Post but “a bill in this regard has been passed in Senate and presented in National Assembly to bring these organizations into the mainstream”.

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