Pakistan Post formulated a comprehensive package of reform initiatives to improve delivery of services, embrace digital financial technologies, regain market share and turn Pakistan Post into a self-sustaining public sector entity. The reform agenda, consisting of following initiatives, was approved by Prime Minister of Pakistan last year, said a press release issued here on Friday.
i. Digital Financial Services (Mobile Money Solution)
ii. Pakistan Post Logistics Company
iii. Re-branding of Pakistan Post
All the reforms initiatives are well under way; significant progress has already been made in implementation and benefits have already started accruing to Pakistan Post. Pakistan Post management reiterates its resolve to steer reforms agenda in line with the vision of Prime Minister Shahid Khaqan Abbasi.
Mobile Money Solution and Logistics Projects are being launched in Public Private Partnership (PPP) mode. Pakistan Post PPP Policy has been formulated that will govern mobile money solution and logistics partnerships. The formal process of PPPs is in its final stages and Request for Proposals (RFPs) have been drafted and approved by the respective Procurement Committees. Once launched, Mobile Money Solution and Pakistan Post Logistics Company will fetch revenue of around Rs 112 billion in next ten years.
Pakistan Post Reforms Initiatives are not limited to mega projects in digital financial services and logistics; rather multiple short term partnership initiatives to capitalize on growing markets and regain market shares have been initiated.
These short term partnership are forged with industry incumbents to gain revenue, build capacity and make Pakistan Post more competitive in the wake of changing industry scenario. NADRA, UBL, Khushhall Bank, BlueEX and DHL are just to name a few of such partners.-PR