Pakistan Post Company
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We need bullet trains.
Pakhtoon yum
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No we dont, but we need proper up to date rail system.
ghazi52
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‘Liaison with Pakistan Post to improve financial inclusion’
KARACHI: Improving relationship between banks and Pakistan Post will improve financial inclusion of the underserved and unbanked population, especially in the rural areas, a SBP’s report said on Friday.
The State Bank of Pakistan staff notes said cross-country experience has shown that state-owned postal services could play a vital role in financial inclusion.
The government-owned Pakistan Post primarily provides postal services to around 20 million consumers. Its physical branch infrastructure consists of around 2,400 delivery post offices – 87 percent of these are located outside the five most populated cities. This can add to the 3,900 outlets of the Pakistan microfinance industry. The Pakistan Post had around 10,496 post offices spread throughout the country in 2018/19, according to the economic survey. “Access to formal financial institutions for the masses in Pakistan is still quite low. One of the reasons is that formal financial activities are often clustered around bigger hubs of formal economic activity; the country is large and diverse with a bulk of population engaged in the informal sector,” said the report. “Pakistan still lags behind on a number of financial inclusion indicators compared to other countries in the region and beyond. For example, account holding at financial institutions doubled in 2017 as compared to 2011, but was still far lower than the average of South Asia and the world.”
As of June 2020, the Pakistan Post had entered into a 20-year strategic alliance with Habib Bank Limited with the goal of enhancing financial inclusion. Under this arrangement, the Pakistan Post would promote the services of HBL’s branchless banking platform, while HBL would invest in the technology, infrastructure and capacity enhancement of the post office. The report said the post may have to address a few weak links first. For one thing, significant improvement in manpower capable of delivering financial services would be required. This is all the more relevant given the country’s efforts to strengthen its AML/CFT regime. The Pakistan Post was among the entities flagged in the Asia Pacific Group’s ‘AML/CFT mutual evaluation report of Pakistan’ for having grave deficiencies.
“The release of this report in October 2019 was followed by deliberations to significantly restructure the scope and operations of the Pakistan Post,” it said. “As such, Pakistan Post would have to invest in streamlining its operations to comply with regulatory measures before undertaking any new initiatives to aggressively drive postal financial inclusion going forward.” Secondly, Pakistan Post would have to invest in its technology infrastructure to stay relevant. Such investment has important and strategic externalities that outweigh the benefits in the long-run. “Provision of agriculture and livestock insurance schemes, generating local employment opportunities, and collection of financial data of previously unbanked households are some examples that may motivate investment in this legacy institution,” said the report.
KARACHI: Improving relationship between banks and Pakistan Post will improve financial inclusion of the underserved and unbanked population, especially in the rural areas, a SBP’s report said on Friday.
The State Bank of Pakistan staff notes said cross-country experience has shown that state-owned postal services could play a vital role in financial inclusion.
The government-owned Pakistan Post primarily provides postal services to around 20 million consumers. Its physical branch infrastructure consists of around 2,400 delivery post offices – 87 percent of these are located outside the five most populated cities. This can add to the 3,900 outlets of the Pakistan microfinance industry. The Pakistan Post had around 10,496 post offices spread throughout the country in 2018/19, according to the economic survey. “Access to formal financial institutions for the masses in Pakistan is still quite low. One of the reasons is that formal financial activities are often clustered around bigger hubs of formal economic activity; the country is large and diverse with a bulk of population engaged in the informal sector,” said the report. “Pakistan still lags behind on a number of financial inclusion indicators compared to other countries in the region and beyond. For example, account holding at financial institutions doubled in 2017 as compared to 2011, but was still far lower than the average of South Asia and the world.”
As of June 2020, the Pakistan Post had entered into a 20-year strategic alliance with Habib Bank Limited with the goal of enhancing financial inclusion. Under this arrangement, the Pakistan Post would promote the services of HBL’s branchless banking platform, while HBL would invest in the technology, infrastructure and capacity enhancement of the post office. The report said the post may have to address a few weak links first. For one thing, significant improvement in manpower capable of delivering financial services would be required. This is all the more relevant given the country’s efforts to strengthen its AML/CFT regime. The Pakistan Post was among the entities flagged in the Asia Pacific Group’s ‘AML/CFT mutual evaluation report of Pakistan’ for having grave deficiencies.
“The release of this report in October 2019 was followed by deliberations to significantly restructure the scope and operations of the Pakistan Post,” it said. “As such, Pakistan Post would have to invest in streamlining its operations to comply with regulatory measures before undertaking any new initiatives to aggressively drive postal financial inclusion going forward.” Secondly, Pakistan Post would have to invest in its technology infrastructure to stay relevant. Such investment has important and strategic externalities that outweigh the benefits in the long-run. “Provision of agriculture and livestock insurance schemes, generating local employment opportunities, and collection of financial data of previously unbanked households are some examples that may motivate investment in this legacy institution,” said the report.
HBL and Pakistan Post join hands to further financial inclusion
By
press release
-
June 8, 2020
4
2378
ISLAMABAD: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance with an investment portfolio of Rs118 billion aimed at furthering financial inclusion in the country by leveraging digital technology.
Under the agreement, HBL will provide investments in the form of technology, infrastructure and capacity enhancement to the PPOD with the objective of enabling, technology based and regulatory compliant digital, financial services in far flung areas of Pakistan and to help propel Pakistan Post into a modern logistics company in the long run.
Under the strategic alliance, PPOD shall provide branch-less banking services to its customers using HBL Konnect, the bank’s branch less banking platform.
At selected locations across the Pakistan Post network, HBL will also place Automated Teller Machines (ATMs) and Cash Deposit Machines (CDMs) to further support customers and enhance the digital financial service capabilities available at Pakistan Post locations.
This partnership will see HBL Konnect’s distribution footprint expand from its current network of more than 40,000 agents to more than 53,000 locations across Pakistan. This expansion is expected to increase HBL’s reach into the rural and agricultural segments which are currently not serviced by the financial sector.
“As the most progressive Bank in Pakistan, HBL is committed to leveraging technology for the growth of the economy. Digitisation is creating opportunities to drive the financial inclusion agenda of the Bank at a much faster pace by allowing us to reach out to existing and new segments, in a friction less manner,” said HBL President and CEO Muhammad Aurangzeb.
“HBL will provide unrelenting support to the PPOD on a journey towards transforming PPOD into a modern logistics entity that plays a pivotal role in building up the Pakistani e-commerce industry,” he added.
https://profit.pakistantoday.com.pk...t-join-hands-to-further-financial-inclusion/#
Pakistan Post’s revenue surges by 110pc
By
TLTP
-
June 10, 2020
7
880
ISLAMABAD: Revenues for the state-owned Pakistan Post have gone by 110pc during the last year, the Minister for Communications Murad Saeed informed while speaking to the National Assembly on Wednesday.
“During the first year of the PTI government Pakistan Post’s revenue saw a 70pc increase and during the second year revenues have grown almost 110pc,” he said.
The minister regretted that the previous governments turned all the state-owned enterprises (SOEs) including Pakistan Steel Mills, Pakistan International Airline and Pakistan Railways into loss-making enterprises.
During the session of the national assembly, Adviser to the Prime Minister on Parliamentary Affairs, Dr Babar Awan also laid down the Tax Laws (Amendment) Ordinance 2020.
Four other bills were also laid before the house by the adviser on parliamentary affairs. These included; Maritime Security Agency (Amendment) Bill, National College of Arts Institute Bill, National Vocational and Technical Training Commission (Amendment) Bill, and the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill. The bills were referred to as concerned committees.
https://profit.pakistantoday.com.pk/2020/06/10/pakistan-post-revenues-go-up-by-110pc/
Pakistan Post Receives Foreign Remittance Amounting To $30.860 Mln
15 days ago Fri 19th June 2020 | 06:05 PM
Pakistan Post has received foreign remittance amounting to $30.860 million, equivalent to Rs 4,832.505 million during July-December Fiscal Year 2020
ISLAMABAD, (UrduPoint / Pakistan Point News - APP - 19th Jun, 2020 ) :Pakistan Post has received foreign remittance amounting to $30.860 million, equivalent to Rs 4,832.505 million during July-December Fiscal Year 2020.
Senior official told APP on Friday that Pakistan Post also received more volume of mail than it dispatched for delivery. "Thus it always remains net-creditor", he said.
"Pakistan Post has recently entered in an arrangement with National Bank of Pakistan under the umbrella of Pakistan Remittance Initiative (PRI)" he said adding that now remittance beneficiaries' can collect their remittance payments sent from abroad using NBP Remittance Services from the Pakistan Post Office locations free of charge.
Pakistan has the sixth largest diaspora population in the world, with approximately 7.6 million Pakistanis living abroad.
https://www.urdupoint.com/en/amp/pakistan/pakistan-post-receives-foreign-remittance-amo-951878.html
By
press release
-
June 8, 2020
4
2378
ISLAMABAD: HBL and the Pakistan Post Office Department (PPOD) have entered into a 20-year strategic alliance with an investment portfolio of Rs118 billion aimed at furthering financial inclusion in the country by leveraging digital technology.
Under the agreement, HBL will provide investments in the form of technology, infrastructure and capacity enhancement to the PPOD with the objective of enabling, technology based and regulatory compliant digital, financial services in far flung areas of Pakistan and to help propel Pakistan Post into a modern logistics company in the long run.
Under the strategic alliance, PPOD shall provide branch-less banking services to its customers using HBL Konnect, the bank’s branch less banking platform.
At selected locations across the Pakistan Post network, HBL will also place Automated Teller Machines (ATMs) and Cash Deposit Machines (CDMs) to further support customers and enhance the digital financial service capabilities available at Pakistan Post locations.
This partnership will see HBL Konnect’s distribution footprint expand from its current network of more than 40,000 agents to more than 53,000 locations across Pakistan. This expansion is expected to increase HBL’s reach into the rural and agricultural segments which are currently not serviced by the financial sector.
“As the most progressive Bank in Pakistan, HBL is committed to leveraging technology for the growth of the economy. Digitisation is creating opportunities to drive the financial inclusion agenda of the Bank at a much faster pace by allowing us to reach out to existing and new segments, in a friction less manner,” said HBL President and CEO Muhammad Aurangzeb.
“HBL will provide unrelenting support to the PPOD on a journey towards transforming PPOD into a modern logistics entity that plays a pivotal role in building up the Pakistani e-commerce industry,” he added.
https://profit.pakistantoday.com.pk...t-join-hands-to-further-financial-inclusion/#
Pakistan Post’s revenue surges by 110pc
By
TLTP
-
June 10, 2020
7
880
ISLAMABAD: Revenues for the state-owned Pakistan Post have gone by 110pc during the last year, the Minister for Communications Murad Saeed informed while speaking to the National Assembly on Wednesday.
“During the first year of the PTI government Pakistan Post’s revenue saw a 70pc increase and during the second year revenues have grown almost 110pc,” he said.
The minister regretted that the previous governments turned all the state-owned enterprises (SOEs) including Pakistan Steel Mills, Pakistan International Airline and Pakistan Railways into loss-making enterprises.
During the session of the national assembly, Adviser to the Prime Minister on Parliamentary Affairs, Dr Babar Awan also laid down the Tax Laws (Amendment) Ordinance 2020.
Four other bills were also laid before the house by the adviser on parliamentary affairs. These included; Maritime Security Agency (Amendment) Bill, National College of Arts Institute Bill, National Vocational and Technical Training Commission (Amendment) Bill, and the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill. The bills were referred to as concerned committees.
https://profit.pakistantoday.com.pk/2020/06/10/pakistan-post-revenues-go-up-by-110pc/
Pakistan Post Receives Foreign Remittance Amounting To $30.860 Mln
15 days ago Fri 19th June 2020 | 06:05 PM
Pakistan Post has received foreign remittance amounting to $30.860 million, equivalent to Rs 4,832.505 million during July-December Fiscal Year 2020
ISLAMABAD, (UrduPoint / Pakistan Point News - APP - 19th Jun, 2020 ) :Pakistan Post has received foreign remittance amounting to $30.860 million, equivalent to Rs 4,832.505 million during July-December Fiscal Year 2020.
Senior official told APP on Friday that Pakistan Post also received more volume of mail than it dispatched for delivery. "Thus it always remains net-creditor", he said.
"Pakistan Post has recently entered in an arrangement with National Bank of Pakistan under the umbrella of Pakistan Remittance Initiative (PRI)" he said adding that now remittance beneficiaries' can collect their remittance payments sent from abroad using NBP Remittance Services from the Pakistan Post Office locations free of charge.
Pakistan has the sixth largest diaspora population in the world, with approximately 7.6 million Pakistanis living abroad.
https://www.urdupoint.com/en/amp/pakistan/pakistan-post-receives-foreign-remittance-amo-951878.html
ghazi52
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Pakistan Post proposed as Amazon’s delivery partner.
The country has proposed adding Pakistan Post to the list of global e-commerce giant Amazon’s delivery partners for parcels within the country. Pakistan is expected to join Amazon sellers’ list in a week.
However, after that Pakistani sellers would have to focus on the quality of their products. The items sold will be refundable in case of any complaint. Ayesha Humaira, the commerce joint secretary, told that great progress was expected after Eidul Fitr.
“Those who don’t ensure the quality of their products would have their Amazon seller account blocked,” she added. Adviser to Prime Minister on Commerce Razak Dawood recently announced that Amazon was going to add Pakistan in its sellers list within a few days, opening new opportunities for the country’s youth and small and medium enterprises (SMEs).
Pakistan is the only South Asian nation which is not included in the list of 102 countries on Amazon’s platform, despite being one of the biggest manufacturing economies in the region.
Last year, the United Nations Conference on Trade and Development (UNCTAD) ranked Pakistan 116th in the 152-nations B2C E-commerce Index. “We have finally made it; Amazon will be adding Pakistan to its Sellers’ List within a few days,” Dawood tweeted.
The country has proposed adding Pakistan Post to the list of global e-commerce giant Amazon’s delivery partners for parcels within the country. Pakistan is expected to join Amazon sellers’ list in a week.
However, after that Pakistani sellers would have to focus on the quality of their products. The items sold will be refundable in case of any complaint. Ayesha Humaira, the commerce joint secretary, told that great progress was expected after Eidul Fitr.
“Those who don’t ensure the quality of their products would have their Amazon seller account blocked,” she added. Adviser to Prime Minister on Commerce Razak Dawood recently announced that Amazon was going to add Pakistan in its sellers list within a few days, opening new opportunities for the country’s youth and small and medium enterprises (SMEs).
Pakistan is the only South Asian nation which is not included in the list of 102 countries on Amazon’s platform, despite being one of the biggest manufacturing economies in the region.
Last year, the United Nations Conference on Trade and Development (UNCTAD) ranked Pakistan 116th in the 152-nations B2C E-commerce Index. “We have finally made it; Amazon will be adding Pakistan to its Sellers’ List within a few days,” Dawood tweeted.
ghazi52
PDF THINK TANK: ANALYST
- Joined
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Just weeks after Amazon opened up its platform to Pakistani sellers, Pakistan Post, the state-run mailing enterprise has announced its partnership with the global e-commerce giant – Amazon.
The news of the collaboration between Amazon and Pakistan Post, with the latter taking up the role of official delivery partner, was made public through an official handout released to the media on Tuesday.
Pakistan Post will also construct warehouses and facilitation centers in 9 major cities for efficient service deliver to exporters.
The news of the collaboration between Amazon and Pakistan Post, with the latter taking up the role of official delivery partner, was made public through an official handout released to the media on Tuesday.
Pakistan Post will also construct warehouses and facilitation centers in 9 major cities for efficient service deliver to exporters.
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