Govt to Launch New Money Transfer System for Expats Soon

The federal government is soon going to launch a new money transfer system for overseas Pakistanis.

Federal Minister for Communications and Postal Services, Murad Saeed, told this to the Senate Committee on Postal Services on Tuesday.

Saeed told the upper house of the parliament that the government was striving to curb dispersion of money through illegal channels, i.e., Hawala and Hundi as it costs billions of dollars to the national exchequer.

He said that the government is going to introduce a new system for remittance and matters in this regard have been finalized with National and State Bank of Pakistan.


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The minister also informed Senators that he has launched several new services including electronic pay order, same day delivery among others to make Pakistan Post a profitable institution.

Murad Saeed said they were opening 15,000 offices across the country with the help of NADRA.

The minister vowed that Pakistan Post would be a delivery partner of larger markets after CPEC routes get fully functional.

He also stated that the national postal department was expecting an investment of $1 billion by the end of March.


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Director General of Pakistan Post, Naseer Ahmed Khan, who also attended the session, informed the Senate body that they have initiated an export parcel service “EMS Plus” in six countries which will be expanded further by February.

He said the service offers parcel delivery to foreign countries within 72 hours and the charges are considerably less than its competitors.

Via: Tribune



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