As per the reports of local media, Pakistan Post would become the largest banking network of the nation by December this year.
While responding to a question in the parliament’s lower house, the Communications Minister Murad Saeed said that the network of Pakistan Post has been connected with 15,000 kiosks of NADRA for the biometric verification. He also said that it would also help in distributing the remittances, the Ehsaas programme payments and other essential services.
During the last week of the month of February, a home delivery service would be launched by Pakistan Post. Besides, that 125,000 franchise post offices would be established in the span of the next 2 years for providing employment opportunities to the general public.
He also said that the overall loss of the institution has been brought down to reforms being taken by the present government.
Murad Saeed also added that these reforms include the introduction of the live tracking of the shipments, the entry into the sector of e-commerce, using the network of 12,000 post offices in the country for delivering remittances at no charge, EMS survey for sending parcels to any location in the world within a span of 72 hours, tapping into the financial tech market of Rs.200 billion, improvement in the UMS system and the same-day delivery options in the major cities of the country.
He also said that so far, no private courier firm was registered with Pakistan Post so far, however, a bill in this matter has been passed in the Senate and been presented in the National Assembly for bringing these organizations into the mainstream.