Chinese Firm to Invest $1 Billion in Pakistan Post

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A Chinese Company has shown interest to invest $1 billion in the “Pakistan Post Logistics Company” of Pakistan Post under its reform agenda to become a profitable entity, said officials.

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Pakistan Post has embarked on a comprehensive reform agenda to become profitable. These reforms include: (i) Establishment of Mobile Money Transfer Solution (ii) Pakistan Post Logistics Company and (iii) Re-Branding of Pakistan Post.

Briefing the Senate Standing committee on Communications, Director General Pakistan Post said that a Chinese Company has shown interest to invest $1 billion in the logistic project, besides connecting it with China Pakistan Economic Corridor (CPEC). However, it will be carried out through Public Private Partnership and open bidding process. Committee chairman Daud Khan Achakzai said that that the reported company also approached him and showed its interest in investment.

The committee was further informed that feasibility study for the Mobile Money Solution project has been completed in partnership with Infrastructure Project Development Facility (IPDF) and the Request for Proposal (RFP) was approved by the Steering Committee.

RFP was published in the national newspaper on January 24, 2018 and it was also circulated to the companies who participated in the EoI published earlier. Pre-bid investors’ conference is scheduled on February 22, 2018.

The Committee expressed its displeasure over the insufficient staff at National Highway Authority offices in Balochistan and directed the NHA to appoint sufficient staff at lower and higher levels for efficient service delivery. The Committee was given a detailed briefing on the overall breakup of staff deputed in Balochistan.

The Committee also directed the NHA to repatriate the deputationists to their parent departments as per Supreme Court decisions. It was informed that the NHA is working on preparing a detailed report in this regard which will also be shared with the committee. Committee members observed that many officials in NHA are posted on deputation on nepotism, which is negatively affecting the performance.

It was further informed that 2060 daily wages/contract employees have been regularized in 2011 and 2013 where 79 were dismissed on fake degrees. The committee also expressed annoyance over appointment of non-technical staff against the technical staff.

The Committee expressed its concern over the delayed services of the postal service in Balochistan. The Committee was briefed that shortage of staff and security situation has hampered the efficient service delivery; however, new recruitment is being made under Aghaz e Haqooq Baluchistan and 171 posts in postal service department will be filled to improve the service delivery.

The committee expressed annoyance over non-implementation of its recommendations by the Finance Division with respect to Pakistan Post which could otherwise oust the entity from losses and asked them to attend the next meeting.

Originally Published on ProPakistani.com

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