Chinese firm ‘Timesaco’ is planning to invest $600 million in instant services in Pakistan. Timesaco is a company that specializes in instant delivery, cargo services, and cabs.
The company has laid a plan to invest $20 million in the country initially. The services it will invest in includes taxi service, heavy cargo delivery, orders delivery, moving automated teller machines (ATM) and vehicle advertisement facilities. This investment will be then increased to $600 million in future.
It is clear that the China-Pakistan Economic Corridor (CPEC) has paved the way for a greater amount of Chinese investment in Pakistan. More and more companies are willing to provide services in the country.
Timesaco Chief Operating Officer (COO) Donald Li has made this announcement. He revealed that the instant services will be introduced in major cities of Pakistan which includes Karachi, Lahore, Faisalabad, Peshawar, Islamabad, and Rawalpindi.
Already at the pre-launch event in Islamabad, Buraq, taxi service, Fema instant delivery service, and Cargo+ city freight service have been introduced.
According to Mr. Li, advanced technology and eCommerce power will be used to implement these services. Customers will be able to download the Timeasco application from Google Play Store and avail all these instant services.