ISLAMABAD, Dec 31 (APP):Pakistan Post would launch a pilot project of parcel export market by the January 15 to target the market with a commitment to deliver internationally in 72 hours.
In this regard, Pakistan Post has made necessary arrangements to target this market worth of $4 billion, which is catered by local and international private couriers at very high rates, a senior official said.
He said that on the special directives of Federal Minister for Communications and Postal Services Murad Saeed, the project would be formally inaugurated by the January 15.
He said that Pakistan Post was also entering into the logistic market of Pakistan which at present is worth $34.2 billion and growing at a rate of more than 18 percent per annum.
Pakistan Post is expecting up to $2.5 billion FDI on public private partnership model for the capacity building of Pakistan Post in the logistic sector.
The revenue share of Pakistan Post in this endeavour is expected to rise to Rs100 billion per annum whereas the current loss of Pakistan Post is at Rs11 billion.
The official said that future initiatives of Pakistan Post which would be compatible with the contemporary needs of existing times.
This would include an entry into the E-commerce business. 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.